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Modern Industrial Facility in Sellersburg
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5040 Progress Way, Sellersburg, IN 47172

Like-new industrial facility with office and warehouse space for lease.

Space Size9,950 SF
Lot Size3.67 Acres
Days on Market105

Property Features for 5040 Progress Way

General Information

Standard status Active
Size 9,950 SF
Lot size 3.67 Acres
Property subtype Industrial

Building Details

Building Size 9,950 SF
Year Built 2019
Tenancy Single

Spaces For Lease

at 5040 Progress Way Contact us

Full Building

Size
9,950 SF
Type
Industrial
Lease Type
NNN
Availability
Active
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Listing Agency: Covet Realty
Listed By: Jason Wade · License #213580
Source: Crexi
Added: May 16 Changed: Aug 24 Last Checked: Aug 28 at 11:18AM

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 Covet Realty

Investment Insights

Based on property information with market context.

This commercial building, constructed in 2019, offers 9,950± square feet of space, featuring a combination of modern office and functional warehouse areas. The property is located in the Sellersburg Industrial Park on a 3.666± acre lot zoned I-2 Heavy Industrial. The site is suitable for manufacturing, logistics, distribution, or trucking operations. The property includes approximately 14,000 square feet of paved parking, partial chain-link fencing, and frontage on both Progress Way (approximately 580 feet) and Bean Road (approximately 360 feet). The building contains approximately 4,900 square feet of finished office space and 5,050 square feet of clear-span warehouse space. The first-floor office area includes a reception area, a 650 square foot conference room, open workspaces, a large employee break room with appliances, black-framed doors and windows, high ceilings, low-maintenance flooring, and recessed fluorescent lighting. The second-floor office area, accessible by front and rear stairwells, features a 630 square foot executive office suite with a private bath and shower, four additional private offices, and a security/camera system room. The warehouse area has 22-foot eave heights, three 12' x 14' overhead doors with wall-mounted LiftMaster openers, three man doors, concrete aprons, steel pipe air compressor lines, restroom facilities, and three large gas furnaces. The exterior features metal siding with a partial stone facade, landscaped grounds, and concrete sidewalks. The property is located adjacent to Clark Regional Airport and 1.5 miles from I-65 and is currently utilized by a cargo and freight trucking operation.

Key Highlights

  • Like‑new industrial facility built in 2019, ready for immediate occupancy.
  • Excellent location: adjacent to Clark Regional Airport and 1.5 miles from I‑65.
  • Versatile space: 9,950 SF building with a well‑designed combination of modern office space and functional clear‑span warehouse/shop area.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Dental Office Storage Facility Spa & Massage Center Restaurant

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

72
Businesses Nearby
Balanced
Demand for This Use

Demographics for 47172, IN

19,821
Population
8,537
Households
2.3
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
24.3 sq mi
ZIP Area
816
Density / Sq Mi
$80,525
Median Household Income
$48,560
Median Earnings
$1,152
Median Rent
$249,200
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?
Flex space - Like-new industrial facility with office and warehouse space for lease.
Where is this flex space located?
The property is located at 5040 Progress Way Sellersburg, IN.
What are key features of this property?
This property features: Like‑new industrial facility built in 2019, ready for immediate occupancy.; Excellent location: adjacent to Clark Regional Airport and 1.5 miles from I‑65.; Versatile space: 9,950 SF building with a well‑designed combination of modern office space and functional clear‑span warehouse/shop area.
More about this property
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