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Freestanding Flex Space
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5540 Western Ave, Connersville, IN 47331

Industrial-zoned facility with warehouse capacity, office areas, and dedicated loading access.

Property Size15,520 SF
Lot Size1.64 Acres
Price / SF$50
Days on Market24

Property Features for 5540 Western Ave

General Information

Standard status Active
Size 15,520 SF
Lot size 1.64 Acres
Property subtype Industrial
Zoning Industrial
Investment Type Owner/User

Warehouse & Industrial

Clear Height 18 ft
Dock-High Doors 1
Drive-In Doors 1

Additional Details

Asking Price $776,000

Amenities

conference room

Building Details

Year Built 2000
Buildings 1
Building Size 15,520 SF
Listing Agency: AFFINITY
Listed By: Jordon Hodges · License #RB23001108
Source: Crexi
Added: Aug 7 Changed: Aug 29 Last Checked: Aug 29 at 1:02PM

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 AFFINITY

Investment Insights

Based on property information with market context.

This freestanding flex space at 5540 Western Ave includes 15,520 square feet on a 1.640-acre site. Constructed in 2000, the facility combines warehouse-oriented areas with approximately 18% office buildout and a dedicated conference room. Clear heights range from 15 feet to 18 feet, supporting varied industrial operations.

Loading is handled through one drive-in door and one dock door with an exterior shelter. The property is positioned in Connersville, Indiana, within East Central Indiana and offers a standalone site configuration with direct operational access. Industrial zoning and the mix of warehouse, office, and shipping features support manufacturing, warehousing, or distribution functions as described for the facility.

Key Highlights

  • 15,520 SF freestanding facility on 1.640 acres
  • 15’ to 18’ clear height
  • Approximately 18% office buildout with dedicated conference room

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Locksmith Garden Center Bakery Computer & Electronic Repair HVAC Service Electrical Service

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

18 ft
Clear height
1
Dock-high doors
1
Drive-in doors

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby
Well-served
Demand for This Use

Demographics for 47331, IN

22,782
Population
10,625
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
191.6 sq mi
ZIP Area
119
Density / Sq Mi
$56,530
Median Household Income
$38,494
Median Earnings
$777
Median Rent
$115,300
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial-zoned facility with warehouse capacity, office areas, and dedicated loading access.
Where is this flex space located?
The property is located at 5540 Western Ave Connersville, IN.
What is the asking price?
The asking price for this property is $776,000.
What are key features of this property?
This property features: 15,520 SF freestanding facility on 1.640 acres; 15’ to 18’ clear height; Approximately 18% office buildout with dedicated conference room
More about this property
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