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Industrial Flex Property with Dock Access
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409 Indianapolis Ave, Lebanon, IN 46052

A substantial flex facility combines private office space with functional warehouse access and industrial zoning.

Property Size62,969 SF
Lot Size3.40 Acres
Days on Market141

Property Features for 409 Indianapolis Ave

General Information

Standard status Active
Size 62,969 SF
Lot size 3.40 Acres
Property subtype Industrial
Zoning ID

Warehouse & Industrial

Clear Height 15 ft
Office Build-Out 13,875 SF
Dock-High Doors 4
Drive-In Doors 1

Additional Details

Asking Price $2,400,000
Highway Access Yes

Building Details

Building Size 62,969 SF
Listing Agency: Colliers - Indianapolis, Indiana
Listed By: Jason Speckman · License #IN RB14023900
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:24PM

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 - Indianapolis, Indiana

Investment Insights

Based on property information with market context.

This flex property contains 62,969 SF of total space, including 13,875 SF configured as office area with numerous private offices. The balance supports warehouse-oriented operations, with clear heights ranging from 12’ to 15’, four 8’ x 10’ dock doors, and one ramped drive-in door. The site encompasses approximately 3.40 acres and is zoned ID, designated as a General Industrial District.

Access to I-65 supports regional connectivity, with Indianapolis and Indianapolis International Airport approximately 30 minutes away. The property is located at 409 Indianapolis Ave in Lebanon, Indiana, and was identified as available 6/1/2024.

Key Highlights

  • 62,969 SF total facility, including 13,875 SF of office space
  • Four 8’ x 10’ dock doors and one ramped drive‑in door
  • 12’–15’ clear heights in the warehouse area

Property Analytics

Current Use

Eco Manufacturing Industrial Manufacturer

Suggested Use

Top Pick Dental Office Parking Lot & Garage Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Big Box & Wholesale Store

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

15 ft
Clear height
4
Dock-high doors
1
Drive-in doors
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

659
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46052, IN

22,783
Population
9,935
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
177.6 sq mi
ZIP Area
128
Density / Sq Mi
$66,828
Median Household Income
$43,933
Median Earnings
$911
Median Rent
$200,300
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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Similar Off Market Nearby

  • Lisa's Cakes & Catering 836 Indianapolis Ave, Lebanon, IN 46052

Frequently Asked Questions

What type of property is this?
Flex space - A substantial flex facility combines private office space with functional warehouse access and industrial zoning.
Where is this flex space located?
The property is located at 409 Indianapolis Ave Lebanon, IN.
What are key features of this property?
This property features: 62,969 SF total facility, including 13,875 SF of office space; Four 8’ x 10’ dock doors and one ramped drive‑in door; 12’–15’ clear heights in the warehouse area
(317) 713-2100 Call to check price and availability
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