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Divisible Flex Space with Garage Door
New
For Lease
$1,999/Mo

3358 N Capitol Ave, Indianapolis, IN 46208

Combined storefront, office, and rear work areas support varied commercial layouts.

Space SizeContact for details
Days on Market3

Property Features for 3358 N Capitol Ave

General Information

Standard status Active

Space & Availability

Divisible Yes
Space Use Warehouse
Listing Agency: Indiana Real Estate Alliance,
Listed By: Randy Myers
Source: Megandusing
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 3:01PM

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 Indiana Real Estate Alliance,

Investment Insights

Based on property information with market context.

This flex-space property at 3358 N Capitol Ave in Indianapolis combines customer-facing and operational areas within one building. The front portion is configured for retail and office use, while the rear provides warehouse or workshop space with a garage door. The space can be divided, allowing the existing layout to be arranged into separate areas. Interior improvements are described as vanilla boxed, providing a basic commercial finish suitable for a range of business configurations.

Key Highlights

  • Divisible flex‑space layout
  • Front retail and office areas
  • Rear warehouse or workshop space

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Real Estate Agency Electrical Service

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

NNN (Triple Net)
Lease Type
$1.29 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

837
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Indianapolis, IN

$11.84 /SF/Yr
Avg Asking Price
$4.16–$18 /SF/Yr
Price Range
14,040 SF
Avg Space Size

This space is priced 27% below the average of $11.84 /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
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Frequently Asked Questions

What type of property is this?
Flex space - Combined storefront, office, and rear work areas support varied commercial layouts.
Where is this flex space located?
The property is located at 3358 N Capitol Ave Indianapolis, IN.
What is the lease rate?
The lease rate is $1,999/Mo.
What are key features of this property?
This property features: Divisible flex‑space layout; Front retail and office areas; Rear warehouse or workshop space
More about this property
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