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3131 N Franklin Rd $7.50/SF/Yr

Floor

1

Size

16,200 SF

Type

INDUSTRIAL

Lease Type

NNN

Availability

AVAILABLE, Now

Sublease

No

- 486,634 total SF building - 180,000 SF total SF available (Up to 93,600 SF contiguous... available) - Dock and drive-in loading - 20' - 24' clear height - Zoned I-2 & I-4 - WET sprinkler system

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Listing Agency: Colliers Show Phone

Listed By: Tyler Wilson SIOR Show Phone

Source: Moodyscre

Added: Mar 24 Changed: Sep 5 Last Checked: Sep 13 at 11:32AM

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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 Colliers

Investment Insights

Based on property information with market context.

This industrial warehouse features both dock and drive-in loading, with clear height ranging from 20' to 24'. The property includes a wet sprinkler system and is zoned I-2 & I-4, supporting a range of industrial uses.

The building totals 486,634 SF, with 180,000 SF currently available. Up to 93,600 SF may be available on a contiguous basis, providing flexibility for tenants seeking larger, uninterrupted space.

Available space is offered within a single warehouse building configuration designed for straightforward material handling, supported by the existing loading features and ceiling height.

Key Highlights

• 486,634 SF total industrial building with up to 180,000 SF available
• Up to 93,600 SF contiguous space available
• Dock and drive‑in loading

Property Analytics

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Current Use

Flowers Baking Co Bakery Abrasive Products LLC Mill Corken Steel Products ... Big Box & Wholesale Store DZ Investments LLC Metal Fabrication Plant Lester Sales Company Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon

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

Lease Details

24 ft

Clear height

Yes

Sprinkler system

NNN (Triple Net)

Lease Type

$1.13 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

233

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 46226, IN

43,997

Population

21,380

Households

2.1

Avg Household Size

35

Median Age

24%

College-Educated

81%

High-School Grad

14.8 sq mi

ZIP Area

2,973

Density / Sq Mi

$47,086

Median Household Income

$34,225

Median Earnings

$1,045

Median Rent

$148,900

Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$10.82 /SF/Yr

Avg Asking Price

$7–$15 /SF/Yr

Price Range

43,477 SF

Avg Space Size

This space is priced 31% below the average of $10.82 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Large industrial building offers dock and drive-in loading, 20' to 24' clear height, and wet sprinkler coverage.

Where is this warehouse located?

The property is located at 3131 N Franklin Rd Indianapolis, IN.

What is the lease rate?

The lease rate is $7.50 SF/Yr.

What are key features of this property?

This property features: 486,634 SF total industrial building with up to 180,000 SF available; Up to 93,600 SF contiguous space available; Dock and drive‑in loading