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Industrial Property
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245 S Franklin Rd, Indianapolis, IN 46219

Industrial asset with substantial building area and a reported 6.50% cap rate.

Property Size45,000 SF
Days on Market189

Property Features for 245 S Franklin Rd

General Information

Standard status Active
Size 45,000 SF
Class A
Property subtype industrial

Additional Details

Cap Rate 6.5%

Properties For Sale

at 245 S Franklin Rd
Available Space Immediate
Floor 1
Size 45,000-118,850 SF
Term Negotiable
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Listing Agency: Indianapolis
Listed By: Ryan Sondles · License #RB22002036
Source: Property.jll
Added: Apr 11 Changed: Oct 15 Last Checked: Oct 14 at 8:08PM

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 Indianapolis

Rey
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Investment Insights

Based on property information with market context.

The property is an industrial asset containing 118,850 square feet of building area. It is located at 245 S Franklin Rd in Indianapolis, Indiana.

The offering reflects a reported 6.50% cap rate and is presented for sale.

Key Highlights

  • 118,850 SF industrial property
  • Reported 6.50% cap rate
  • 245 S Franklin Rd, Indianapolis, IN 46219

Property Analytics

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Current Use

BOXED.COM INDY Department Store McFarling Foods Warehouse & Storage

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Pharmacy Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

351
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Industrial property - Industrial asset with substantial building area and a reported 6.50% cap rate.
Where is this industrial property located?
The property is located at 245 S Franklin Rd Indianapolis, IN.
What are key features of this property?
This property features: 118,850 SF industrial property; Reported 6.50% cap rate; 245 S Franklin Rd, Indianapolis, IN 46219
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