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Industrial Flex Building
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707-709 North Senate Avenue, Indianapolis, IN 46202

Vacant single-story property with dock and drive-in loading, an adjacent paved lot, and CBD2 zoning.

Property Size13,333 SF
Lot Size0.75 Acres
Days on Market5

Property Features for 707-709 North Senate Avenue

General Information

Standard status Active
Size 13,333 SF
Total Parking Spaces 30
Lot size 0.75 Acres
Property subtype Industrial
Zoning CBD2

Warehouse & Industrial

Dock-High Doors 1
Drive-In Doors 1

Additional Details

Road Access Yes
Land Use industrial

Amenities

loading dock
drive-in door

Building Details

Building Size 13,333 SF
Year Built 1962
Buildings 1
Stories 1
Abandoned No
Listing Agency: ALO Property Group
Listed By: Ralph Balber · License #RB14044276
Source: Alopg
Added: Aug 28 Changed: Aug 30 Last Checked: Sep 1 at 4:06PM

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 ALO Property Group

Investment Insights

Based on property information with market context.

This vacant flex-space property includes a single-story industrial building constructed in 1962 and an adjoining paved parking parcel. The building contains approximately 13,333 SF, with one exterior dock and one drive-in door. The combined land area is approximately 0.75 acres, with about 30 parking spaces.

The property is located on North Senate Avenue in downtown Indianapolis, near the IU Health campus and major downtown infrastructure. CBD2 zoning applies to the primary parcel, with RC identified as secondary zoning. Two parcels comprise the offering, providing an industrial asset with an associated parking lot and documented zoning framework.

Key Highlights

  • ±13,333 SF industrial building constructed in 1962
  • Adjacent paved parking lot parcel totaling approximately ±0.75 acres
  • Loading includes 1 ext. dock and 1 drive‑in

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Pet Grooming Service Tanning Salon HVAC Service Home Appliance 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

1
Dock-high doors
1
Drive-in doors
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

5,008
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46202, IN

22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Flex space - Vacant single-story property with dock and drive-in loading, an adjacent paved lot, and CBD2 zoning.
Where is this flex space located?
The property is located at 707-709 North Senate Avenue Indianapolis, IN.
What are key features of this property?
This property features: ±13,333 SF industrial building constructed in 1962; Adjacent paved parking lot parcel totaling approximately ±0.75 acres; Loading includes 1 ext. dock and 1 drive‑in
More about this property
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