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    4001 Minnesota St Indianapolis, IN 46241

    Sponsored
    For Lease
    $14 SF/Yr

    64,705 SF Cold Storage, 23 Docks, I-3 Zoning

    Lot size:
    64,705 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This Marion County industrial property offers 64,705 square feet of cold storage space, with 23 loading docks providing efficient access. Currently, 12,788 square feet is available for lease. The building boasts ceiling heights ranging from 19 to 21 feet, accommodating various storage needs. The property features both dock and drive-in loading capabilities, ensuring convenient operations. Ample parking is available on-site for both cars and trailers. Recent improvements include a complete roof replacement (2019-2023), new exterior paint (2024), and a comprehensive LED lighting upgrade (2024). Significant upgrades to the refrigeration system have been implemented, including relocating 90% of the ammonia piping to the roof, installing new ammonia detection sensors and a purging system, and ongoing condenser coil replacements. The property is zoned I-3 and offers flexible office space options. Future improvements planned include asphalt and concrete repairs (slated for 2025). This is a rare opportunity to secure high-quality cold storage space in a prime location with a strong history of maintenance and upgrades. The property's modern infrastructure and recent improvements make it an ideal choice for businesses seeking efficient and reliable cold storage solutions. Contact us today to learn more about this exceptional opportunity.

    Property Features for 4001 Minnesota St

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,705 SF
    Total Rate
    78185.21

    Unit(s) available at that property

    Space
    Room 7
    Size
    23,345 SF
    Rate per SF
    $14

    HighLights

    • 64,705 SF industrial cold storage facility in Marion County.
    • 23,345 SF of cold storage space currently available for lease.
    • Features 19'-21' ceiling heights, 23 loading docks, and ample parking.
    • Recent improvements include new exterior paint (2024), LED lighting upgrades (2024), and significant refrigeration system enhancements.
    • I‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    SUNSHINE BOUQUET Wholesaler FedEx Drop Box Mailing Service Hanzo Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2317216
    Latitude
    39.7409954

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 64,705 SF Cold Storage, 23 Docks, I-3 Zoning
    Where is this refrigerated / cold storage located?
    The property is located at 4001 Minnesota St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 64,705 SF industrial cold storage facility in Marion County.; 23,345 SF of cold storage space currently available for lease.; Features 19'-21' ceiling heights, 23 loading docks, and ample parking.
    Request Owner's contact information
    4001 Minnesota St Indianapolis, IN 46241
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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
    4001 Minnesota St Indianapolis, IN 46241
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