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Warehouse Space with Loading Access
For Lease
$78,000

505 Walnut St, Shirley, IN 47384

Functional industrial space offers high ceilings, dock access, an overhead door, and gas heat.

Space Size6,500 SF
Days on Market63

Property Features for 505 Walnut St

General Information

Standard status Active
Size 6,500 SF
Net Rentable 6,500 SF

Space & Availability

Available Space 6,500 SF
Contiguous Space 6,500 SF
Space Use Warehouse

Additional Details

Highway Access Yes
Warehouse Space 6,500 SF

Building Details

Year Built 1989
Tenancy Multi
Listing Agency: F.C. Tucker/Crossroads Real Estate
Listed By: Mike McKown
Source: Kmsrealestategroup
Added: Aug 18 Changed: Oct 3 Last Checked: Oct 7 at 2:19PM

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 F.C. Tucker/Crossroads Real Estate

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Investment Insights

Based on property information with market context.

The 6,500-square-foot warehouse unit is located within a larger commercial building constructed in 1989. Its layout provides substantial storage capacity, with high ceilings, a high overhead door, and loading docks that support receiving and dispatch activities. Gas heat serves the space for year-round operation.

Positioned at 505 Walnut St. in Shirley, Indiana, the property is minutes from Interstate 70. The interstate access connects the facility with broader regional transportation routes, while the building’s warehouse configuration supports practical storage and distribution needs.

Key Highlights

  • 6,500‑square‑foot warehouse unit within a larger commercial building
  • High ceilings provide vertical storage capacity
  • High overhead door supports equipment and goods movement

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Florist (Bike/Boat/Book/etc) Store Hair Salon Wine and Liquor Store 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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

49
Businesses Nearby
Well-served
Demand for This Use

Demographics for 47384, IN

1,936
Population
792
Households
2.4
Avg Household Size
45
Median Age
13%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
62
Density / Sq Mi
$72,083
Median Household Income
$46,176
Median Earnings
$720
Median Rent
$124,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Warehouse - Functional industrial space offers high ceilings, dock access, an overhead door, and gas heat.
Where is this warehouse located?
The property is located at 505 Walnut St Shirley, IN.
What is the lease rate?
The lease rate is $78,000.
What are key features of this property?
This property features: 6,500‑square‑foot warehouse unit within a larger commercial building; High ceilings provide vertical storage capacity; High overhead door supports equipment and goods movement
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