Freestanding Single-Story Industrial
225 E 10th St Indianapolis, IN 46202
225 E 10th St, Indianapolis, IN, 46202
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For Sale
Contact for pricing
Single-story masonry flex building with four drive-in doors and Phase III power on an infill lot.
Property Size7,128 SF
Price / SF$154.32
Days on Market96
Property Features for 225 E 10th St
General Information
- Standard status
- Active
- Size
- 7,128 SF
- Property subtype
- Industrial
Listing agency
Bradley Company Indianapolis
Listed by
Ben Anderson · License #RB24001296
Source
Crexi
Added: Apr 17 Updated: Jul 20 at 5:47PM Checked: Jul 21 at 7:06AM
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 Bradley Company Indianapolis
Investment Insights
Based on property information with market context.
225 E. 10th St. offers a freestanding, single-story masonry industrial flex building totaling 7,300 rentable square feet on an 8,925 SF infill lot. The building includes four (4) drive-in doors and Phase III power, supporting a range of light industrial and service-oriented uses. The property is being delivered vacant with immediate occupancy, allowing an owner-user to take possession without lease encumbrances or holdover risk.
Located in the dense St. Joseph neighborhood of Marion County, the asset is positioned for connectivity to downtown Indianapolis, Monument Circle, and the Mass Ave Arts District. The configuration also offers the potential for multi-tenant use to lease surplus space during an ownership hold.
With its functional access, flexible flex layout, and drive-in door count, the property is suited for buyers seeking a straightforward, move-in-ready facility in an urban infill setting.
Located in the dense St. Joseph neighborhood of Marion County, the asset is positioned for connectivity to downtown Indianapolis, Monument Circle, and the Mass Ave Arts District. The configuration also offers the potential for multi-tenant use to lease surplus space during an ownership hold.
With its functional access, flexible flex layout, and drive-in door count, the property is suited for buyers seeking a straightforward, move-in-ready facility in an urban infill setting.
Key Highlights
- Freestanding single‑story masonry industrial/flex building totaling 7,300 rentable SF
- Located on an 8,925 SF infill lot
- Includes four (4) drive‑in doors
Local Financial Insights For Flex RnD
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 | $119.8k | $16.80 |
| − Vacancy | −$12.0k | −$1.68 |
| EGI | $107.8k | $15.12 |
| − OpEx | −$37.7k | −$5.29 |
| NOI | $70.1k | $9.83 |
7,128 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.00M
$875.7K – $1.17M
NOI $70,054 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$616.4K
$539.3K – $719.1K
NOI $43,147 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,198 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
HIgh End Concepts
Factory
Similar For Sale Nearby
Similar Off Market Nearby
- Centerplate — 520 N New Jersey St, Indianapolis, IN 46204
- 500 Cafe & Catering — 500 N Meridian St STE #50, Indianapolis, IN 46204
FAQs
What type of property is this?
Flex space - Single-story masonry flex building with four drive-in doors and Phase III power on an infill lot.
Where is this flex space located?
The property is located at 225 E 10th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Freestanding single‑story masonry industrial/flex building totaling 7,300 rentable SF; Located on an 8,925 SF infill lot; Includes four (4) drive‑in doors
