Manufacturing Campus with Highway
For Sale
$4,250,000
2427 N Ritter Ave, Indianapolis, IN 46218
Multi-building industrial campus with gated access, fencing, and infrastructure suited to manufacturing, warehousing, or distribution operations.
Property Size67,288 SF
Lot Size4.34 Acres
Price / SF$63.16
Days on Market114
Property Features for 2427 N Ritter Ave
General Information
Standard status
Active
Size
67,288 SF
Lot size
4.34 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
1
Drive-In Doors
15
Building Details
Building Size
67,288 SF
Year Built
1974
Listing Agency:
ALO Property Group
Listed By:
Pat Huffine · License #IN #RB21000964
(317) 670-0373
Source:
Alopg
Added: Jun 25
Changed: Oct 11
Last Checked: Oct 14 at 7:48PM
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 ALO Property Group
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Investment Insights
Based on property information with market context.
This manufacturing campus comprises 67,288 SF across multiple industrial-use buildings on 4.34 acres. The property was built in 1974 and includes clear heights ranging from 10 to 28 feet, 15 drive-in doors, and one dock. A gated entrance and fully fenced perimeter support controlled site access, while the acreage provides room for parking, truck circulation, and expansion.
The property is positioned along I-70 in Indianapolis, with proximity to I-465 and highway-facing exposure. Its central Midwest location supports logistics-oriented operations, and the campus configuration can accommodate manufacturing, warehousing, or distribution uses. Multiple buildings provide a substantial industrial footprint for users requiring space across production, storage, and shipping functions.
The property is positioned along I-70 in Indianapolis, with proximity to I-465 and highway-facing exposure. Its central Midwest location supports logistics-oriented operations, and the campus configuration can accommodate manufacturing, warehousing, or distribution uses. Multiple buildings provide a substantial industrial footprint for users requiring space across production, storage, and shipping functions.
Key Highlights
- 67,288 SF across multiple industrial‑use buildings
- 4.34‑acre site with space for parking, truck circulation, and expansion
- 10' - 28' clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$335,429
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,708,580
$6.7M
Cap Rate 7%
$4,791,843
$4.8M
Cap Rate 9%
$3,726,989
$3.7M
Market Conditions
NOI Build-Up for 67,288 SF
Gross rent
$524.8K $7.80/SF
− Vacancy
−$45.7K −$0.68/SF
EGI
$479.2K $7.12/SF
− OpEx
−$143.8K −$2.14/SF
NOI
$335.4K $4.98/SF
Area
Indianapolis, IN
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,708,580
Cap Rate 7%
$4,791,843
Cap Rate 9%
$3,726,989
Alternative Uses
Best Use
Warehouse
$5.82M
$5.09M – $6.79M
NOI $407,307 @ 7.0% cap · market cap 9.58%
Second Best
Industrial
$4.79M
$4.19M – $5.59M
NOI $335,429 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$16.75M
$14.66M – $19.54M
NOI $1,172,426 @ 7.0% cap · market cap 27.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
28 ft
Clear height
1
Dock-high doors
15
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Manufacturing property - Multi-building industrial campus with gated access, fencing, and infrastructure suited to manufacturing, warehousing, or distribution operations.
Where is this manufacturing property located?
The property is located at 2427 N Ritter Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 67,288 SF across multiple industrial‑use buildings; 4.34‑acre site with space for parking, truck circulation, and expansion; 10' - 28' clear heights
