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Industrial Land with Office Building
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2005 N Sherman Drive, Indianapolis, IN 46218

5.22 acres zoned I-3 with an on-site 1,363 SF office and mezzanine plus fenced, lit trailer storage area.

Property Size1,363 SF
Lot Size5.22 Acres
Days on Market145

Property Features for 2005 N Sherman Drive

General Information

Standard status Active
Size 1,363 SF
Lot size 5.22 Acres
Property subtype Land
Zoning I-3

Site & Location

Highway Access Yes
Fenced Yard Yes
Outdoor Storage Yes
Listing Agency: Premier Commercial Real Estate Services
Listed By: Jonathan M. Hardy · License #RB14048442
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:24PM

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 Premier Commercial Real Estate Services

Investment Insights

Based on property information with market context.

An industrial land parcel totaling 5.22 acres with an existing 1,363 SF office building including a mezzanine. A portion of the site has exterior fencing and lighting, supporting trailer and outside storage needs. The plan calls for 87 proposed trailer positions.

The proposed site improvements include a 6,500 SF maintenance facility. Interstate access to I-70 is described via Emerson Avenue and Rural/Keystone Avenue, with the Rural/Keystone Avenue interchange approximately 1.2 miles away and the Emerson Avenue interchange approximately 1.6 miles away.

The property is offered for sale with I-3 zoning and is positioned for users focused on truck/trailer parking and yard operations supported by on-site office space.

Key Highlights

  • 5.22 acres zoned I‑3, suited for truck/trailer parking and outside storage
  • 1,363 SF office building with mezzanine on site
  • Exterior fencing and lighting around a portion of the property

Property Analytics

Current Use

I70 Truck tráiler ... Freight Service Roadstar Logistics Parking Lot & Garage

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

258
Businesses Nearby

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - 5.22 acres zoned I-3 with an on-site 1,363 SF office and mezzanine plus fenced, lit trailer storage area.
Where is this office building located?
The property is located at 2005 N Sherman Drive Indianapolis, IN.
What are key features of this property?
This property features: 5.22 acres zoned I‑3, suited for truck/trailer parking and outside storage; 1,363 SF office building with mezzanine on site; Exterior fencing and lighting around a portion of the property
More about this property
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