Flex Space with Private
For Sale
Contact for pricing
2160 Fletcher Ave, Indianapolis, IN 46203
Flex space in I3 zoning with a small office and convenient interstate access in Fletcher Place.
Property Size13,824 SF
Price / SF$94.04
Days on Market59
Property Features for 2160 Fletcher Ave
General Information
Standard status
Active
Size
13,824 SF
Property subtype
INDUSTRIAL
Zoning
I3
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
500 SF
Additional Details
Highway Access
Yes
Building Details
Building Size
13,824 SF
Listing Agency:
Premier Commercial Real Estate Services, Inc.
(317) 679-4046
Listed By:
Matt Ferguson · License #RB17000936
(317) 679-4046
Source:
Moodyscre
Added: Jun 3
Changed: Jul 30
Last Checked: Jul 30 at 7:39PM
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, Inc.
Investment Insights
Based on property information with market context.
Flex space with up to 13,824 SF available and the ability to split into two 6,912 SF spaces. The space is designed with 13-20' clear height and includes approximately 500 SF of office space.
Located at 2160 Fletcher Ave in Indianapolis, in the Fletcher Place area, the property offers convenient access to interstates, supporting a range of light industrial and distribution-oriented uses consistent with I3 zoning.
This configuration can work well for tenants seeking flexible footprint options while maintaining on-site office space and warehouse clear height.
Located at 2160 Fletcher Ave in Indianapolis, in the Fletcher Place area, the property offers convenient access to interstates, supporting a range of light industrial and distribution-oriented uses consistent with I3 zoning.
This configuration can work well for tenants seeking flexible footprint options while maintaining on-site office space and warehouse clear height.
Key Highlights
- Up to 13,824 SF available with option to split into two 6,912 SF spaces
- 13‑20' clear height for warehouse operations
- I3 zoning
Financial Insights For Warehouse
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 | $107.8k | $7.80 |
| − Vacancy | −$9.4k | −$0.68 |
| EGI | $98.4k | $7.12 |
| − OpEx | −$14.8k | −$1.07 |
| NOI | $83.7k | $6.05 |
13,824 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.94M
$1.70M – $2.26M
NOI $135,862 @ 7.0% cap · market cap 10.45%
Second Best
Warehouse
$1.20M
$1.05M – $1.39M
NOI $83,679 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,869 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space in I3 zoning with a small office and convenient interstate access in Fletcher Place.
Where is this flex space located?
The property is located at 2160 Fletcher Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Up to 13,824 SF available with option to split into two 6,912 SF spaces; 13‑20' clear height for warehouse operations; I3 zoning
