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Indianapolis Industrial/Flex Space For Lease
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5620 Massachusetts Ave. Indianapolis, Indianapolis, IN 46218

Versatile industrial/flex space with customizable layouts and secured outdoor storage.

Space Size3,500 SF
Property Size8,000 SF
Days on Market397

Property Features for 5620 Massachusetts Ave. Indianapolis

General Information

Standard status Active
Size 3,500 SF
Class B
Property subtype Industrial/Flex

Site & Location

Neighborhood Arlington Woods

Building Details

Building Size 8,000 SF
Year Renovated 2025

Spaces For Lease

at 5620 Massachusetts Ave. Indianapolis
5640 Mass Ave.
Size 3,500 SF
Type Flex Space
Term Negotiable
Rate Contact for pricing
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Listing Agency: Premier Commercial Real Estate Services, Inc.
Listed By: Sam Garvin · License #RB22001032
Source: Tcnworldwide
Added: Sep 25, 2025 Changed: Oct 25 Last Checked: Oct 26 at 1:46PM

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 Premier Commercial Real Estate Services, Inc.

Rey
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Investment Insights

Based on property information with market context.

This property offers versatile industrial/flex space ranging from 3,500 to 9,000 square feet, suitable for various business needs. It is strategically located with convenient access to major transportation routes, facilitating connections to regional and national markets. The property features customizable layouts, allowing tenants to tailor the space to their specific operational requirements. Additionally, it includes 2.5 acres of fenced and secured outdoor storage or parking, providing extra convenience and security. The property is situated in Indianapolis's industrial and flex space district, surrounded by amenities and conveniences, and is also located minutes from the Mass Ave. Cultural Arts District. The space includes four drive-in doors, each measuring 14 feet by 14 feet, and features a 16-foot clear height. Renovations are planned for 2025, enhancing the property's appeal.

Key Highlights

  • Strategic location with easy access to major transportation routes and interstates for regional and national market connectivity.
  • 2. 5 AC of fenced & secured outdoor storage or parking.
  • Versatile industrial/flex space ranging from 3,500‑9,000 SF.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Indiana Property Services Landscaping LMGCUSTOMZ Auto Repair Shop

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

328
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Indianapolis, IN

$12.33 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
9,552 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

Frequently Asked Questions

What type of property is this?
Flex space - Versatile industrial/flex space with customizable layouts and secured outdoor storage.
Where is this flex space located?
The property is located at 5620 Massachusetts Ave. Indianapolis Indianapolis, IN.
What are key features of this property?
This property features: Strategic location with easy access to major transportation routes and interstates for regional and national market connectivity.; 2. 5 AC of fenced & secured outdoor storage or parking.; Versatile industrial/flex space ranging from 3,500‑9,000 SF.
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