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Industrial Land for Build-to-Suit Development
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N 500 E & SR 44, Franklin, IN 46131

Build-to-suit and new speculative industrial land with multiple development size options for logistics and manufacturing use.

Property Size1,169,168 SF
Days on Market1019

Property Features for N 500 E & SR 44

General Information

Standard status Active
Size 1,169,168 SF
Property subtype INDUSTRIAL
Listing Agency: Cushman & Wakefield | Indianapolis
Listed By: Luke J. Wessel, SIOR
Source: Moodyscre
Added: Oct 17, 2023 Changed: Jul 30 Last Checked: Jul 31 at 12:23PM

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 Cushman & Wakefield | Indianapolis

Investment Insights

Based on property information with market context.

I-65 South Commerce Park offers industrial land build-to-suit sites and new speculative construction options. Development sizes range from 249,000 square feet to 1.2 million square feet, with the overall property size listed at 1,169,168 square feet. The offering is positioned for logistics, air cargo, manufacturing, and related industrial uses.

The park is located on Interstate 65 at the N 500 E & SR 44 site in Franklin, Indiana. The property is described as being about thirty-five miles from the Indianapolis International Airport and near the second largest FedEx hub in the United States.

For tenants or developers evaluating space requirements within the park’s stated size range, this industrial land platform supports both build-to-suit and speculative development configurations.

Key Highlights

  • Industrial land build‑to‑suit sites and new speculative construction at I‑65 South Commerce Park
  • Development options from 249,000 square feet to 1.2 million square feet
  • Overall property size listed at 1,169,168 square feet

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Plumbing Service Grocery & Convenience 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby

Demographics for 46131, IN

32,869
Population
13,151
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
261
Density / Sq Mi
$81,914
Median Household Income
$44,797
Median Earnings
$1,114
Median Rent
$227,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - Build-to-suit and new speculative industrial land with multiple development size options for logistics and manufacturing use.
Where is this industrial land located?
The property is located at N 500 E & SR 44 Franklin, IN.
What are key features of this property?
This property features: Industrial land build‑to‑suit sites and new speculative construction at I‑65 South Commerce Park; Development options from 249,000 square feet to 1.2 million square feet; Overall property size listed at 1,169,168 square feet
(317) 639-0471 Call to check price and availability
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