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    3131 Franklin Rd Indianapolis, IN 46226

    Sponsored
    For Lease
    $5 SF/Yr

    Large warehouse space; I-465 & I-70 access

    Lot size:
    486,634 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Marion County industrial property, located at 3131 N Franklin Rd, offers a substantial 486,634 square feet of versatile manufacturing, distribution, and warehouse space. The building features a flexible layout suitable for multiple tenants, with 80,179 to 86,400 square feet currently available. Enjoy convenient access to major transportation arteries, I-465 and I-70, ensuring efficient logistics. The property boasts a high ceiling clearance ranging from 20 to 24 feet, providing ample vertical space for operations. Loading is facilitated by both dock-high and drive-in options, optimizing efficiency. The building is equipped with a comprehensive WET sprinkler system for fire protection and benefits from robust 480V, 3-phase power. Ample parking is available for employees and clients, and there's potential for valuable outdoor storage. The property is zoned I-2 & I-4, allowing for a variety of industrial uses. This prime location and comprehensive features make this an ideal opportunity for businesses seeking a large-scale industrial space in a strategic location.

    Property Features for 3131 Franklin Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    486,634 SF
    Total Rate
    212902.38

    Unit(s) available at that property

    Space
    Suite A
    Size
    80,179 SF
    Rate per SF
    $5
    Space
    Suite E
    Size
    86,400 SF
    Rate per SF
    $5

    HighLights

    • 486,634 SF industrial building.
    • 80,179 - 86,400 SF available for lease.
    • Features dock‑high and drive‑in loading.
    • 20'-24' clear ceiling height.
    • I‑2 & I‑4 zoning.
    • Equipped with a wet sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flowers Baking Co Bakery Abrasive Products LLC Abrasives Supplier Corken Steel Products ... Heating Equipment Supplier DZ Investments LLC Metal Processing Company Lester Sales Company Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0239741
    Latitude
    39.8152943

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    FAQs

    What type of property is this?
    Distribution property - Large warehouse space; I-465 & I-70 access
    Where is this distribution property located?
    The property is located at 3131 Franklin Rd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 486,634 SF industrial building.; 80,179 - 86,400 SF available for lease.; Features dock-high and drive-in loading.
    Request Owner's contact information
    3131 Franklin Rd Indianapolis, IN 46226
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    Indianapolis, IN 46226
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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
    3131 Franklin Rd Indianapolis, IN 46226
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