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Industrial Flex Building with Lab Buildout
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7820 Innovation Blvd, Indianapolis, IN 46278

Modern industrial/R&D/flex building constructed in 2011 with lab-ready improvements and backup generators.

Property Size18,400 SF
Days on Market137

Property Features for 7820 Innovation Blvd

General Information

Standard status Active
Size 18,400 SF
Property subtype INDUSTRIAL
Zoning ZO01

Additional Details

Highway Access Yes
Dock-High Doors 1

Amenities

back-up generators

Building Details

Year Built 2011
Listing Agency: Premier Commercial Real Estate Services, Inc.
Listed By: Jim Logan
Source: Moodyscre
Added: Mar 16 Changed: Jul 28 Last Checked: Jul 30 at 1:52PM

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.

Investment Insights

Based on property information with market context.

This modern industrial/R&D/flex building was constructed in 2011 and includes lab buildout reportedly completed to top pharmaceutical company specifications. The property is zoned ZO01 and is equipped with backup generators. The building also includes one dock door to support loading needs.

The asset is located at 7820 Innovation Blvd in the Indianapolis area, with very close proximity to major interstates and Indianapolis International Airport. It is also surrounded by amenities of all kinds.

For tenants or operators seeking a flex-capable space with lab-oriented infrastructure, this facility offers a purpose-built industrial/R&D configuration within a well-connected Indianapolis location.

Key Highlights

  • 18,733 SF modern industrial/R&D/flex building for sale
  • Labs built to top pharmaceutical company specifications
  • Constructed in 2011

Property Analytics

Current Use

Closure Systems International Industrial Manufacturer Inception LLC Medical Clinic Candlewood suites Homestay Greeley & Hansen Engineering Consultant AllPaid, Inc Corporate Office

Suggested Use

Top Pick Dental Office Restaurant Real Estate Agency Parking Lot & Garage Hair Salon Nail Salon

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
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46278, IN

8,910
Population
3,357
Households
2.7
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
675
Density / Sq Mi
$153,930
Median Household Income
$79,007
Median Earnings
$1,172
Median Rent
$420,200
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
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Frequently Asked Questions

What type of property is this?
Flex space - Modern industrial/R&D/flex building constructed in 2011 with lab-ready improvements and backup generators.
Where is this flex space located?
The property is located at 7820 Innovation Blvd Indianapolis, IN.
What are key features of this property?
This property features: 18,733 SF modern industrial/R&D/flex building for sale; Labs built to top pharmaceutical company specifications; Constructed in 2011
(317) 697-6139 Call to check price and availability
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