Flex Space with Warehouse LED
For Lease
Contact for pricing
221 S Franklin Rd, Indianapolis, IN 46219
Flex suite zoned I-3-S with warehouse LED lighting, an office component, and one dock.
Space Size6,000 SF
Days on Market68
Property Features for 221 S Franklin Rd
General Information
Standard status
Active
Size
6,000 SF
Property subtype
INDUSTRIAL
Lease Type
NNN
Spaces For Lease
at 221 S Franklin Rd Contact us- Floor
- 1
- Size
- 6,000 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
221 S Franklin Rd | Building 700 $8.75/SF/Yr
6,000 SF suite available
± 1,000 SF office
16’ clear
Zoned I-3-S
1 dock
LED lighting...
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Contact us
Listing Agency:
Colliers
(317) 713-2100
Listed By:
Tony Hupp
(317) 340-7982
Source:
Moodyscre
Added: Jul 15
Changed: Sep 4
Last Checked: Sep 19 at 11:50AM
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 Colliers
Investment Insights
Based on property information with market context.
A 6,000 SF flex space suite is available with approximately ±1,000 SF of office and a warehouse with 16’ clear height. The warehouse is equipped with LED lighting and includes 350 Amps / 240 V / 4 wire 3-phase power to support a range of light industrial and distribution uses.
The property is zoned I-3-S and includes one dock for receiving and loading. It is less than 1 mile to I-465, providing straightforward access to the interstate network.
For tenants looking for a combined office-and-warehouse layout, this suite offers a dedicated office component alongside warehouse performance features such as LED lighting, clear height, and 3-phase electrical service.
The property is zoned I-3-S and includes one dock for receiving and loading. It is less than 1 mile to I-465, providing straightforward access to the interstate network.
For tenants looking for a combined office-and-warehouse layout, this suite offers a dedicated office component alongside warehouse performance features such as LED lighting, clear height, and 3-phase electrical service.
Key Highlights
- Warehouse has 16’ clear height
- Zoned I‑3‑S
- LED lighting in warehouse
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.31 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46219, IN
36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$11.78 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
10,036 SF
Avg Space Size
This space is priced 26% below the average of $11.78 /SF/Yr.
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 suite zoned I-3-S with warehouse LED lighting, an office component, and one dock.
Where is this flex space located?
The property is located at 221 S Franklin Rd Indianapolis, IN.
What is the lease rate?
The lease rate is $8.75 SF/Yr.
What are key features of this property?
This property features: Warehouse has 16’ clear height; Zoned I‑3‑S; LED lighting in warehouse
