Heavy Industrial Dock-High
2334 Production Drive Indianapolis, IN 46241
For Sale
$4,350,000
COMMERCIAL - Indianapolis, IN
Property Size49,000 SF
Lot Size3.34 Acres
Price / SF$88.78
Days on Market85
Property Features for 2334 Production Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-3
Standard status
Active
APN
491224102037000900
Lot size
3.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Park Fletcher Industrial & Research Center 1st Sec L59, L60 & Pt L61 Se Cor L61 P.O.B. Nwly340.21 W372.14 Sely498.17 Ne188.02Se38.5 Ne168.88 To Beg 3.343 Ac
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1967
Listing Agency:
Keller Williams Indy Metro S
(317) 882-5900
Listed By:
James Storey · License #RB17001849
(317) 882-5900
Added: May 6
Changed: Jul 6
Last Checked: Jul 29 at 7:06AM
MLS# 22100847
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A 49,000 SF heavy industrial warehouse facility on 3.34 acres, offered for sale in Indianapolis’ southwest industrial submarket. The building includes approximately 6,000 SF of office buildout, 4 dock-high doors, and 1 drive-in door. Warehouse functionality is supported by 30' x 30' column spacing and 16'4" clear height, with a configuration that can accommodate a range of storage and operational layouts.
The site is positioned for strong area access, with immediate access to I-465 and less than 1 mile to the interstate. Additional connectivity includes convenient access to I-70, Sam Jones Expressway, and Indianapolis International Airport, supporting regional distribution and service-oriented industrial needs. The property also provides ample parking and truck circulation for vehicle and fleet operations.
Zoned I-3 (Heavy Industrial), the facility is intended for a wide range of industrial uses and can fit owner-users, contractors, distributors, light manufacturers, and service industrial operators. The combination of office buildout, dock and drive-in access, and practical site circulation makes it well-suited for warehousing, equipment storage, regional distribution, manufacturing, or a corporate service headquarters that requires on-site operational space.
The site is positioned for strong area access, with immediate access to I-465 and less than 1 mile to the interstate. Additional connectivity includes convenient access to I-70, Sam Jones Expressway, and Indianapolis International Airport, supporting regional distribution and service-oriented industrial needs. The property also provides ample parking and truck circulation for vehicle and fleet operations.
Zoned I-3 (Heavy Industrial), the facility is intended for a wide range of industrial uses and can fit owner-users, contractors, distributors, light manufacturers, and service industrial operators. The combination of office buildout, dock and drive-in access, and practical site circulation makes it well-suited for warehousing, equipment storage, regional distribution, manufacturing, or a corporate service headquarters that requires on-site operational space.
Key Highlights
- 49,000 SF industrial facility on 3.34 acres in Indianapolis’ southwest industrial submarket
- Immediate access to I‑465 (less than 1 mile) with convenient routes to I‑70 and Sam Jones Expressway
- Warehouse features 4 dock‑high doors and 1 drive‑in door, with ample parking and truck circulation
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 | $382.2k | $7.80 |
| − Vacancy | −$33.3k | −$0.68 |
| EGI | $348.9k | $7.12 |
| − OpEx | −$52.3k | −$1.07 |
| NOI | $296.6k | $6.05 |
49,000 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.24M
$3.71M – $4.94M
NOI $296,606 @ 7.0% cap · market cap 6.82%
Second Best
Industrial
$3.49M
$3.05M – $4.07M
NOI $244,264 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$12.20M
$10.67M – $14.23M
NOI $853,776 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- MQ Learning Center — 2301 Executive Dr, Indianapolis, IN 46241
- Enterprise Holdings H Lot — 1602 S High School Rd, Indianapolis, IN 46241
- K&N warehouse — US-40, Indianapolis, IN 46241
- Self Storage — 5730 Fortune Cir W, Indianapolis, IN 46241
- All My Sons Moving & Storage — 1936 S Lynhurst Dr, Indianapolis, IN 46241
Frequently Asked Questions
What type of property is this?
Warehouse - 49,000 SF heavy industrial facility with multiple dock-high doors, office buildout, and 16'4" clear height.
Where is this warehouse located?
The property is located at 2334 Production Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 49,000 SF industrial facility on 3.34 acres in Indianapolis’ southwest industrial submarket; Immediate access to I‑465 (less than 1 mile) with convenient routes to I‑70 and Sam Jones Expressway; Warehouse features 4 dock‑high doors and 1 drive‑in door, with ample parking and truck circulation
