Renovated Multi-Tenant
New
For Sale
$2,950,000
510 Indianapolis Ave, Lebanon, IN 46052
Renovated warehouse property with outdoor storage and immediate owner-user occupancy available.
Property Size36,692 SF
Lot Size4.57 Acres
Price / SF$79.73
Days on Market3
Property Features for 510 Indianapolis Ave
General Information
Standard status
Active
Size
36,692 SF
Lot size
4.57 Acres
Property subtype
Industrial - Warehouse/Distribution
Net Operating Income
$341,488
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Cap Rate
11.57%
Building Details
Building Size
36,692 SF
Buildings
1
Tenancy
Multi
Listing Agency:
SVN | Northern Commercial
Listed By:
Wade Wilson · License ##RB20000720
(317) 863-9271
Source:
Commercialcafe
Added: Sep 21
Last Checked: Sep 22 at 1:28PM
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 SVN | Northern Commercial
Investment Insights
Based on property information with market context.
This heavy industrial property contains +/- 37,000 SF across a 4.57-acre site in Lebanon, Indiana. The facility includes 11,800 SF of warehouse area available for immediate owner-user occupancy, along with nearly three acres of additional outdoor storage. Recent capital improvements include a roof coating, expanded and improved yard base, remodeled offices, LED lighting, new drive-in doors, exterior paint, and new gutters.
The building is currently occupied by three tenants and is positioned directly off Indianapolis Avenue, with Highway I-65 approximately 1 mile away. The property offers a combination of warehouse space, outdoor storage, renovated office areas, and updated building systems suited to heavy industrial operations. A 11.57% going-in Cap Rate is also cited for the existing tenancy.
The building is currently occupied by three tenants and is positioned directly off Indianapolis Avenue, with Highway I-65 approximately 1 mile away. The property offers a combination of warehouse space, outdoor storage, renovated office areas, and updated building systems suited to heavy industrial operations. A 11.57% going-in Cap Rate is also cited for the existing tenancy.
Key Highlights
- +/- 37,000 SF heavy industrial property on 4.57 acres
- 11,800 SF of warehouse space available for immediate owner‑user occupancy
- Nearly three acres of additional outdoor storage
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Secure Storage — 1601 Indianapolis Ave, Lebanon, IN 46052
- Lebanon Self Storage — 333 Indianapolis Ave, Lebanon, IN 46052
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse property with outdoor storage and immediate owner-user occupancy available.
Where is this warehouse located?
The property is located at 510 Indianapolis Ave Lebanon, IN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: +/- 37,000 SF heavy industrial property on 4.57 acres; 11,800 SF of warehouse space available for immediate owner‑user occupancy; Nearly three acres of additional outdoor storage
