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    1761 Sherman Dr Indianapolis, IN 46218

    Sponsored
    For Lease
    $9 SF/Yr

    10 Buildings, 33 Acres, Multiple Spaces Available

    Lot size:
    20,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, the Brookside Industrial Centre, presents a unique investment opportunity in Indianapolis, Indiana. Located at 1761 N Sherman Dr, Indianapolis, IN 46218, this expansive 33.95-acre site boasts ten single-story industrial buildings, offering a diverse range of flexible spaces. The property is zoned I-3 and situated in the Indianapolis submarket of Marion County, conveniently located near the intersection of Sherman Drive and 16th Street. Tenants can choose from available spaces ranging from 2,700 square feet to 15,000 square feet, catering to a variety of business needs. Each building features a generous 14-foot ceiling height, providing ample vertical space for storage and operations. The property's multiple-tenancy structure offers flexibility for both individual businesses and larger corporate entities. This prime location in Indianapolis offers excellent access to major transportation routes, making it an ideal choice for distribution and logistics companies. The Brookside Industrial Centre represents a rare opportunity to acquire a substantial industrial portfolio in a thriving market. Contact us today to learn more about the available spaces and explore the potential of this exceptional property.

    Property Features for 1761 Sherman Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,580 SF

    Building Details

    Buildings
    10
    Stories
    1

    Unit(s) available at that property

    Space
    1761 N Sherman Drive Suite H
    Size
    2,700 SF
    Rate per SF
    $9
    Space
    1761 N Sherman Drive Suite B
    Size
    2,880 SF
    Rate per SF
    $9
    Space
    Land
    Size
    15,000 SF

    HighLights

    • Located at the corner of Sherman Drive & 16th Street, Indianapolis Near East Side.
    • I‑3 Zoning.
    • Situated on the IndyGo bus line.
    • 1.5 miles from Interstate 70.
    • Features dock‑high and drive‑in access.
    • Under new ownership and management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jenkins' Career Corner ... Association Or Organization NertExtriym LLC Information Services Lupitas beauty salon Beauty Salon Good Nature Organic ... Lawn Care Service AJ Infinity Stone Countertop Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1009742
    Latitude
    39.7901171

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    FAQs

    What type of property is this?
    Distribution property - 10 Buildings, 33 Acres, Multiple Spaces Available
    Where is this distribution property located?
    The property is located at 1761 Sherman Dr Indianapolis, IN.
    What is the lease rate?
    The lease rate is $0.00-$9 SF/Yr.
    What are key features of this property?
    This property features: Located at the corner of Sherman Drive & 16th Street, Indianapolis Near East Side.; I-3 Zoning.; Situated on the IndyGo bus line.
    Request Owner's contact information
    1761 Sherman Dr Indianapolis, IN 46218
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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
    1761 Sherman Dr Indianapolis, IN 46218
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