2855 N Franklin Rd, Indianapolis, IN 46219

Properties For Sale

at 2855 N Franklin Rd Contact us

Listing agent Alex Davenport License #RB14046182 Show Phone

Listing office Colliers Show Phone

Listing date Sep 2, 2025

Source Moodyscre

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Overview

Located on the eastside of Indianapolis, 20 minutes east of Downtown Indianapolis, the property at 2855 N Franklin Road offers 323,001 square feet of warehouse and office space on 33.1 acres. Zoned I-3, the property is currently 87.14% leased to six established tenants, with a weighted average lease term (WALT) of 6.09 years. The property features 20 dock doors, 7 drive-in doors, and 642 auto parking spaces. In-place rents currently average 25% below market. This property is suitable for investors seeking entry into the Indianapolis market or aiming to expand an existing portfolio. The asset is strategically positioned for both value appreciation and income growth.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.0249

Latitude

39.8093

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FAQs

What type of property is this?

Industrial property - 323,001 SF warehouse on 33.1 acres, 87% leased.

Where is this industrial property located?

The property is located at 2855 N Franklin Rd Indianapolis, IN.

What are key features of this property?

This property features: Significant value‑add opportunity with in‑place rents averaging 25% below market.; Stable, long‑term income with 87.14% occupancy and a weighted average lease term (WALT) of 6.09 years.; Large industrial property featuring 323,001 square feet of warehouse and office space on 33.1 acres.