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Flex Suites with Dock & Drive-In Loading
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5602 Elmwood Ave, Indianapolis, IN 46203

Flexible shallow-bay industrial suites with dock and drive-in loading plus ample parking for a range of users.

Property Size1,200 SF - 4,650 SF
Days on Market95

Property Features for 5602 Elmwood Ave

General Information

Standard status Active
Size 1,200 SF - 4,650 SF
Net Rentable 1,200 SF
Property subtype INDUSTRIAL

Additional Details

Available Space 1,200-4,650 SF
Highway Access Yes
Clear Height 14 ft

Building Details

Buildings 4
Building Size 133,200 SF
Listing Agency: Colliers
Listed By: Korey Ryan
Source: Moodyscre
Added: Apr 27 Changed: Jul 30 Last Checked: Jul 30 at 6:24AM

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 property features (4) buildings totaling 133,200 SF, offering flexible shallow-bay suites ranging from 1,200 SF to 4,650 SF. Units are supported by dock and drive-in loading and 14’ clear height, making the space suitable for a variety of industrial and office users. Ample parking is available to support tenant and customer needs.

The property is positioned in an Indianapolis infill location with immediate access to I-465, providing efficient connectivity to the interstate system.

New ownership is investing significant capital into interior and exterior improvements, enhancing the overall building environment for incoming tenants.

Key Highlights

  • (4) buildings totaling 133,200 SF
  • Shallow‑bay flexible suites from 1,200 SF to 4,650 SF
  • Dock and drive‑in loading

Property Analytics

Current Use

The Dry Out Guys Hardware & Home Improvement Clear Choice Windows ... Building Supply Park Elmwood Warehouse & Storage Harris Products Group Big Box & Wholesale Store A3P Logistics Group ... Logistics Company

Suggested Use

Top Pick Law Firm Parking Lot & Garage Hair Salon (Bike/Boat/Book/etc) Store Bakery Veterinary Clinic

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

862
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

Market

Lease Benchmarks for Indianapolis, IN

$80.57 /SF/Yr
Avg Asking Price
$8–$141 /SF/Yr
Price Range
4,767 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
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Frequently Asked Questions

What type of property is this?
Flex space - Flexible shallow-bay industrial suites with dock and drive-in loading plus ample parking for a range of users.
Where is this flex space located?
The property is located at 5602 Elmwood Ave Indianapolis, IN.
What are key features of this property?
This property features: (4) buildings totaling 133,200 SF; Shallow‑bay flexible suites from 1,200 SF to 4,650 SF; Dock and drive‑in loading
(317) 713-2345 Call to check price and availability
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