Refrigerated Cold Storage
For Sale
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4001 West Minnesota Street, Indianapolis, IN 46241
Refrigerated warehouse space includes dock access and flexible lease terms.
Property Size190,540 SF
Price / SF$141.70
Days on Market196
Property Features for 4001 West Minnesota Street
General Information
Standard status
Active
Size
190,540 SF
Total Parking Spaces
275
Property subtype
Industrial, Mixed Use
Zoning
Industrial
Occupancy
98%
Lease Type
NNN
Net Operating Income
$2,054,244
Site & Location
Neighborhood
Stout Field
Additional Details
Cold Storage
Yes
Building Details
Year Renovated
2025
Buildings
1
Tenancy
Multi
Listing Agency:
The DiSalvo Group
Listed By:
Joseph DiSalvo · License #IN RB14051407
(317) 410-8788
Source:
Crexi
Added: Apr 11
Changed: Oct 10
Last Checked: Oct 23 at 3:56AM
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 The DiSalvo Group
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Investment Insights
Based on property information with market context.
Located at 4001 W Minnesota St in Indianapolis, this refrigerated cold storage warehouse provides up to 10,000 square feet of temperature-controlled storage space. The facility includes up to six dock doors for loading and receiving operations.
The property is positioned near downtown Indianapolis and Indianapolis International Airport. Flexible lease terms are available, supporting a range of occupancy structures for users seeking cold storage capacity in the Indianapolis area.
The property is positioned near downtown Indianapolis and Indianapolis International Airport. Flexible lease terms are available, supporting a range of occupancy structures for users seeking cold storage capacity in the Indianapolis area.
Key Highlights
- Up to 10,000 Sqft of cold storage warehouse space
- Up to six dock doors
- Near downtown Indianapolis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,153,375
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,067,500
$23.1M
Cap Rate 7%
$16,476,786
$16.5M
Cap Rate 9%
$12,815,278
$12.8M
Market Conditions
NOI Build-Up for 190,540 SF
Gross rent
$1.49M $7.80/SF
− Vacancy
−$129.3K −$0.68/SF
EGI
$1.36M $7.12/SF
− OpEx
−$203.5K −$1.07/SF
NOI
$1.15M $6.05/SF
Area
Indianapolis, IN
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,067,500
Cap Rate 7%
$16,476,786
Cap Rate 9%
$12,815,278
Alternative Uses
Best Use
Warehouse
$16.48M
$14.42M – $19.22M
NOI $1,153,375 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$47.43M
$41.50M – $55.33M
NOI $3,319,969 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 46241, IN
33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Refrigerated warehouse space includes dock access and flexible lease terms.
Where is this refrigerated & cold storage located?
The property is located at 4001 West Minnesota Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $27,000,000.
What are key features of this property?
This property features: Up to 10,000 Sqft of cold storage warehouse space; Up to six dock doors; Near downtown Indianapolis
