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Office-Configured Flex Space
New
For Lease
$16.60 SF/Yr

7765 Milhouse Rd, Indianapolis, IN 46241

Each suite combines a private office and restroom with an open, climate-controlled work area.

Space Size1,800 SF
Property Size7,200 SF
Lot Size3.20 Acres
Days on Market5

Property Features for 7765 Milhouse Rd

General Information

Standard status Active
Size 1,800 SF
Net Rentable 1,800 SF
Lot size 3.20 Acres
Property subtype Industrial
Lease Term Flat Fee $100; MG; Flat Maintenance Fee of $100

Space & Availability

Available Space 1,800 SF
Space Use Flex

Warehouse & Industrial

Clear Height 14 ft
Drive-In Doors 1
Conditioned Warehouse Yes

Additional Details

Highway Access Yes

Building Details

Building Size 7,200 SF
Year Built 2026

Spaces For Lease

at 7765 Milhouse Rd Contact us

Unit 1 $16.60/SF/Yr

Size 1,800 SF
Type Flex Space
Term Negotiable
Contact us

Unit 2 $16.60/SF/Yr

Size 1,800 SF
Type Flex Space
Term Negotiable
Contact us

Unit 3 $16.60/SF/Yr

Size 1,800 SF
Type Flex Space
Term Negotiable
Contact us

Unit 4 $16.60/SF/Yr

Size 1,800 SF
Type Flex Space
Term Negotiable
Contact us
Listing Agency: Lee & Associates | Indianapolis
Listed By: Spero Pulos · License #INST200755
Source: Lee-associates
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 5 at 4:53PM

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 Lee & Associates | Indianapolis

Investment Insights

Based on property information with market context.

This flex property offers suites of approximately 1,800 SF, each with a private office, restroom, and open warehouse or work area. A drive-in overhead door serves each suite, and the work areas have heating, air conditioning, and warehouse lighting. The stated clear height is approximately 14 feet, with on-site parking available.

The property occupies an approximately 3.20-acre site on Indianapolis’ southwest side, with access to I-70 and I-465. Indianapolis International Airport is minutes away.

Key Highlights

  • Suites are approximately 1,800 SF each
  • Each suite has a private office, restroom, open work area, and one drive‑in overhead door
  • Approximately 14' clear height

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Auto Parts Store Pharmacy Storage Facility

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
1
Drive-in doors
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.49 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

133
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46241, IN

33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
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

$12.21 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
9,569 SF
Avg Space Size

This space is priced 36% above the average of $12.21 /SF/Yr.

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 - Each suite combines a private office and restroom with an open, climate-controlled work area.
Where is this flex space located?
The property is located at 7765 Milhouse Rd Indianapolis, IN.
What is the lease rate?
The lease rate is $16.60 SF/Yr.
What are key features of this property?
This property features: Suites are approximately 1,800 SF each; Each suite has a private office, restroom, open work area, and one drive‑in overhead door; Approximately 14' clear height
More about this property
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