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    Property profile & analytics
    OFF-MARKET Estimated value $2,130,000
    Warehouses

    1800 Churchman Ave, Indianapolis, IN 46203-2900

    95,170 SF 18.39 ac lot Built 1926
    Individually Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US31-0154744
    Property summary
    AI-generated overview

    This exceptional flex space at 1800 Churchman Ave in Indianapolis offers 214,650 square feet of versatile industrial space, perfect for multiple tenants. The property boasts approximately 18.48 acres of land and features 16 dock-high doors and 3 drive-in doors, ensuring efficient loading and unloading. Ceiling heights range from 11.5' to 17.5', providing ample vertical space. The building includes approximately 11,000 square feet of newly remodeled office space. This I-3 zoned property offers significant potential, including CSX rail access with over 1,200 feet of frontage. The property also benefits from heavy power (480 volt / 5,200 amp / 3-phase power) and a wet sprinkler system. Units are divisible down to 38,756 square feet, with the maximum contiguous space being the entire 214,650 square feet. Located approximately 1.2 miles from I-65, this property provides easy access to major transportation routes and a strong labor force. Its close proximity to downtown Indianapolis adds further appeal. Additionally, approximately 1.88 additional acres are available. This is a prime opportunity for businesses seeking a strategic location with substantial space and excellent infrastructure.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1926
    Construction TYPE NOT SPECIFIED
    Total area 95,170 SF
    Lot 18.39 ac (800,851 SF)
    APN 49-10-18-205-004.000-101
    UPID US31-0154744
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pinnacle Voice & Data Systems Telecommunications Service Mobile Phone Store
    • Used-Palletrack.com Factory Industrial Manufacturer
    • Material Handling Exchange Factory Industrial Manufacturer
    • CLL Investments,LLC Warehouse & Storage
    • CLL Real Estate Group Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.29M
    Blend (final) Blend
    $2.13M
    Owner & transaction history
    Greg W Griffin · 13 yrs held
    Greg W Griffin
    since 2013
    3 recorded transactions
    2013
    $205,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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