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Flex Industrial Suites with Loading
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5508 Elmwood Ave, Indianapolis, IN 46203

Flexible shallow-bay suites include dock and drive-in loading with 14’ clear height and ample parking.

Space Size1,200 SF - 3,600 SF
Days on Market138

Property Features for 5508 Elmwood Ave

General Information

Standard status Active
Size 1,200 SF - 3,600 SF
Property subtype INDUSTRIAL

Additional Details

Highway Access Yes
Clear Height 14 ft

Spaces For Lease

at 5508 Elmwood Ave Contact us

Building 4

Floor
1
Size
1,200 SF
Type
INDUSTRIAL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- (4) Buildings totaling ±133,200 SF - Flexible shallow-bay industrial suites ranging...
show more
Contact us

Building 4

Floor
1
Size
3,600 SF
Type
INDUSTRIAL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- (4) Buildings totaling ±133,200 SF - Flexible shallow-bay industrial suites ranging...
show more
Contact us
Listing Agency: Colliers
Listed By: James Cristee
Source: Moodyscre
Added: Apr 27 Changed: Aug 16 Last Checked: Sep 10 at 1:06PM

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 Colliers

Investment Insights

Based on property information with market context.

This flex industrial campus includes four buildings totaling approximately 133,200 square feet, offering shallow-bay suites sized from 1,200 to 4,650 square feet. Spaces feature dock and drive-in loading and a 14’ clear height, supported by ample on-site parking for a range of industrial and office users.

The property is positioned as a prime infill location with immediate access to I-465, providing efficient connectivity to Indianapolis’ interstate system.

New ownership is investing significant capital into interior and exterior improvements, supporting a maintained and upgraded operating environment across the buildings.

Key Highlights

  • (4) industrial buildings totaling 133,200 SF
  • Flexible shallow‑bay suites ranging from 1,200 SF to 4,650 SF
  • Dock & drive‑in loading available with 14’ clear height

Property Analytics

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Open Analytics

Current Use

Intoxalock Ignition Interlock Building Supply Jas Graphics Inc Factory Hoosier 360 Photography Service CCS Construction Services Construction Company

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Parking Lot & Garage Dental Office Gym & Fitness Center

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

14 ft
Clear height
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

564
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$11.84 /SF/Yr
Avg Asking Price
$4.16–$18 /SF/Yr
Price Range
14,040 SF
Avg Space Size

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Flex space - Flexible shallow-bay suites include dock and drive-in loading with 14’ clear height and ample parking.
Where is this flex space located?
The property is located at 5508 Elmwood Ave Indianapolis, IN.
What are key features of this property?
This property features: (4) industrial buildings totaling 133,200 SF; Flexible shallow‑bay suites ranging from 1,200 SF to 4,650 SF; Dock & drive‑in loading available with 14’ clear height
(317) 713-2345 Call to check price and availability
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