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Industrial Lot with Three Buildings

2000 Doctor M.L.K. Jr St Indianapolis, IN 46202

2000 Doctor M.L.K. Jr St, Indianapolis, IN, 46202
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Large industrial lot with three buildings and interstate access.

Property Size35,900 SF
Price / SF$58.50
AddedJul 27, 2022
Days on Market1451
Last RefreshJul 15 at 11:03 am

Property Features for 2000 Doctor M.L.K. Jr St

General Information

Standard status
Active
Size
35,900 SF
Property subtype
Industrial

Building Details

Year Built
1910

Listing office Midland Realty Group Inc

Listing date Jul 27, 2022

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Midland Realty Group Inc


Investment Insights

Based on property information with market context.

This large industrial lot features three buildings and is zoned I-4, making it suitable for industrial or commercial use. The property includes multiple high doors and has been recently renovated. It benefits from nearby interstate access and local traffic. Truck parking is allowed on the site. The property offers potential for various light or medium industrial uses, as well as commercial opportunities.

Key Highlights

  • Large industrial lot with three buildings.
  • Zoned I‑4, suitable for industrial or commercial uses.
  • Multiple high doors and recently renovated.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $280.0k $7.80
− Vacancy −$24.4k −$0.68
EGI $255.7k $7.12
− OpEx −$76.7k −$2.14
NOI $179.0k $4.98
35,900 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 30.00%

Alternative Uses

Best Use
Warehouse
$3.10M
$2.72M – $3.62M (±1% cap)
NOI $217,310 @ 7.0% cap · market cap 10.35%
Second Best
Industrial
$2.56M
$2.24M – $2.98M (±1% cap)
NOI $178,961 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$8.94M
$7.82M – $10.43M (±1% cap)
NOI $625,522 @ 7.0% cap · market cap 29.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Truck terminals

FAQs

What type of property is this?
Industrial property - Large industrial lot with three buildings and interstate access.
Where is this industrial property located?
The property is located at 2000 Doctor M.L.K. Jr St Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Large industrial lot with three buildings.; Zoned I‑4, suitable for industrial or commercial uses.; Multiple high doors and recently renovated.
Contact an agent
(317) 702-8049 Call to check price and availability
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