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    1450 Commerce Pkwy Franklin, IN 46131

    Sponsored
    For Lease
    Contact for pricing

    178,060 SF Manufacturing/Warehouse

    Lot size:
    178,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 178,060-square-foot industrial property, located in Johnson County's thriving industrial hub, presents a significant investment opportunity. The single-tenant building, constructed in 1994, features a steel-framed metal panel structure with a durable standing seam metal roof. The 32.6-acre site offers ample parking (170 spaces) and approximately 15 acres of excess land for future expansion. The building boasts approximately 158,000 square feet of warehouse space and 20,000 square feet of office space. Warehouse features include a clear height ranging from 20 to 25 feet (up to 20 feet under crane operations), flexible column spacing (40-52 feet), eight loading docks with manual levelers and dock locks, and two drive-in doors. The property benefits from a robust 8,000-amp electrical capacity (two 4,000-amp services), T5 and T12 lighting, and three crane spans with varying lengths and capacities. Its General Industrial (IG) zoning allows for diverse manufacturing and industrial uses. The prime location offers easy access to Interstates 65 and US Route 31, providing seamless connectivity to Interstate 465, Indianapolis International Airport, and the broader metro area. This property is ideally suited for businesses seeking efficient, high-capacity manufacturing and warehouse space in a strategic location within a strong industrial market. The APN is 41-08-11-043-001.000-009.

    Property Features for 1450 Commerce Pkwy

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    178,060 SF
    Class
    B

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    178,060 SF

    HighLights

    • 178,060 SF industrial building on 32.6 acres in Johnson County.
    • Single‑tenant, Class B building constructed in 1994.
    • Features 158,000 SF of warehouse space and 20,000 SF of office space.
    • 8 loading docks, 2 drive‑in doors, 8,000 AMP power, and three crane spans.
    • Excellent highway access via I‑65 and US Route 31, minutes from I‑465.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0526417
    Latitude
    39.4949504

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    FAQs

    What type of property is this?
    Distribution property - 178,060 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 1450 Commerce Pkwy Franklin, IN.
    What are key features of this property?
    This property features: 178,060 SF industrial building on 32.6 acres in Johnson County.; Single-tenant, Class B building constructed in 1994.; Features 158,000 SF of warehouse space and 20,000 SF of office space.
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    1450 Commerce Pkwy Franklin, IN 46131
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    Franklin, IN 46131
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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
    1450 Commerce Pkwy Franklin, IN 46131
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