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Office-Warehouse Flex Building
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3531 W US Hwy 224, Decatur, IN 46733

Flex building with updated office space and fully air-conditioned warehouse, currently leased on a month-to-month NNN basis.

Property Size14,443 SF
Price / SF$56.43
Days on Market49

Property Features for 3531 W US Hwy 224

General Information

Standard status Active
Size 14,443 SF
Class B
Total Parking Spaces 50
Property subtype Industrial
Zoning I2 - Industrial
Occupancy 100%
Lease Type NNN

Additional Details

Highway Access Yes

Building Details

Year Built 1980
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Sturges Property Group
Listed By: Andrew Eckert · License #RB14049106
Source: Crexi
Added: Jul 13 Changed: Aug 21 Last Checked: Aug 28 at 10:04PM

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 Sturges Property Group

Investment Insights

Based on property information with market context.

This office-warehouse flex building offers a combination of office and warehouse space designed to support a range of business operations. The office area has been recently updated with new carpet, fresh paint, and energy-efficient LED lighting. The warehouse portion is fully air-conditioned, providing climate-controlled space for warehousing, light manufacturing, distribution, or similar operational needs.

The property is located along the W US Hwy 224 corridor in Decatur, Indiana, providing convenient highway access for day-to-day logistics.

Currently occupied by a month-to-month tenant on a NNN lease, the building provides immediate income in place while also offering flexibility for an owner-user or an investor.

Key Highlights

  • 14,443 SF flex building in Decatur, IN with office plus warehouse space
  • Office recently updated with new carpet, fresh paint, and energy‑efficient LED lighting
  • Warehouse is fully air‑conditioned for climate‑controlled warehousing or light manufacturing

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Storage Facility Garden Center Hotel & Motel

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46733, IN

18,669
Population
8,307
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
108
Density / Sq Mi
$63,804
Median Household Income
$41,394
Median Earnings
$818
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Flex building with updated office space and fully air-conditioned warehouse, currently leased on a month-to-month NNN basis.
Where is this flex space located?
The property is located at 3531 W US Hwy 224 Decatur, IN.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 14,443 SF flex building in Decatur, IN with office plus warehouse space; Office recently updated with new carpet, fresh paint, and energy‑efficient LED lighting; Warehouse is fully air‑conditioned for climate‑controlled warehousing or light manufacturing
(260) 424-8448 Call to check price and availability
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