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    5342 Elmwood Ave Indianapolis, IN 46203

    Sponsored
    For Lease
    $10 SF/Yr

    Prime Indy Flex/Office/Warehouse Space

    Lot size:
    29,103 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Griffin Buildings at 5342 Elmwood Avenue in Indianapolis, Indiana, offer a versatile multi-tenant industrial/flex property totaling approximately 29,103 square feet. This well-maintained property sits on a fully improved 3.62-acre site, providing ample space and convenient access to major transportation arteries. Its strategic location offers easy access to Interstates 69, 74, 65, and 70 via the southern I-465 loop, ensuring efficient logistics and convenient commutes for employees and clients. The property's flexible design caters to a wide range of business needs, encompassing traditional office space, adaptable flex space, and warehouse capabilities. Currently, one office space of 3,468 square feet is available. Located in Marion County, Indiana, with a 46203 zip code, this property presents a compelling opportunity for businesses seeking high-quality industrial/flex space in a prime Indianapolis location. The property's size and location make it ideal for companies requiring a blend of office, warehouse, and flexible workspace. This is a rare opportunity to secure a well-maintained and strategically located property in a thriving Indianapolis market. The property's multiple tenancy structure offers flexibility for businesses of varying sizes.

    Property Features for 5342 Elmwood Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,103 SF
    Total Rate
    24252.5

    Unit(s) available at that property

    Space
    Suite A
    Size
    3,468 SF
    Rate per SF
    $10

    HighLights

    • 29,103 SF multi‑tenant industrial/flex property in Indianapolis, IN.
    • Located on a 3.62‑acre site with excellent access to I‑69, I‑74, I‑65, and I‑70 via I‑465.
    • Features a mix of office, flex, and warehouse space.
    • 3,468 SF of office space currently available for lease.
    • Situated in a prime Indianapolis location (46203 zip code).
    Property Profile Location Intelligence

    Current Use by Public Records

    Tom's Auto Clinic ... Auto Repair Shop Carrs Automotive LLC Auto Body Shop Indy Jump Party Equipment Rental Service Tfis Security Security Guard Service Digital Video Concepts Audio Visual Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0763359
    Latitude
    39.7065232

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    FAQs

    What type of property is this?
    Distribution property - Prime Indy Flex/Office/Warehouse Space
    Where is this distribution property located?
    The property is located at 5342 Elmwood Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 29,103 SF multi-tenant industrial/flex property in Indianapolis, IN.; Located on a 3.62-acre site with excellent access to I-69, I-74, I-65, and I-70 via I-465.; Features a mix of office, flex, and warehouse space.
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    Indianapolis, IN 46203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5342 Elmwood Ave Indianapolis, IN 46203
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