Building Details

Building Size 36,692 SF

Buildings 1

Tenancy Multi

Listing Agency: SVN | Northern Commercial

Listed By: Wade Wilson · License ##RB20000720 Show Phone

Source: Commercialcafe

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 16 at 6:19AM

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Investment Insights

Based on property information with market context.

This 37,000-SF heavy industrial property occupies 4.57 acres and is configured for multiple tenants. An 11,800-SF portion is available for immediate occupancy. Improvements include a coated roof, remodeled offices, LED lighting, new drive-in doors, updated gutters, and exterior paint. Yard work added and expanded the outdoor storage area, which totals nearly three acres.

The property sits directly off Indianapolis Avenue in Lebanon, approximately one mile from I-65. Three tenants currently occupy the building.

Key Highlights

• 37,000 SF heavy industrial building on 4.57 acres
• 11,800 SF available for immediate occupancy
• Nearly three acres of outdoor storage

Property Analytics

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Current Use

Surplus City Liquidators Liquidator SCL Corporate Office

Suggested Use

Top Pick Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store Skin Care Clinic Parking Lot & Garage Carpet & Flooring 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

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

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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Contact for pricing

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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 multi-tenant facility includes space available for immediate occupancy.

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 building on 4.57 acres; 11,800 SF available for immediate occupancy; Nearly three acres of outdoor storage