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Industrial Warehouse with Dock & Drive-In
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3131 N Franklin Rd, Indianapolis, IN 46226

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

Property Size16,200 SF
Days on Market129

Property Features for 3131 N Franklin Rd

General Information

Standard status Active
Size 16,200 SF
Property subtype INDUSTRIAL
Zoning I-2 & I-4
Lease Type SF/yr

Warehouse & Industrial

Clear Height 24 ft
Sprinkler System Yes

Additional Details

Business Included No
Listing Agency: Colliers
Listed By: Tyler Wilson SIOR
Source: Moodyscre
Added: Mar 24 Changed: Jul 28 Last Checked: Jul 30 at 2:22PM

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

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

346
Businesses Nearby
Balanced
Demand for This Use

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

$12.25 /SF/Yr
Avg Asking Price
$5.5–$43.42 /SF/Yr
Price Range
30,561 SF
Avg Space Size

This space is priced 39% below the average of $12.25 /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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • U-STOR Self Storage — 7801 E 38th St, Indianapolis, IN 46226

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
(317) 213-4412 Call to check price and availability
More about this property
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