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    1450 Commerce Pkwy Franklin, IN 46131

    For Sale
    $12,000,000

    178,060 SF Warehouse, $12M

    Property size:
    178,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 178,060-square-foot industrial property in Franklin, Indiana, is available for $12,000,000. Located on a 32.6-acre site in Johnson County, this Class B, single-story building offers significant potential for owner-users. Built in 1994, the property features a steel-framed metal panel structure with a standing seam metal roof, 7 loading docks, 3 dock-high doors, and a 25-foot ceiling height. The warehouse boasts flexible column spacing (40-52 feet) and ample parking (170 spaces). The property includes approximately 158,000 square feet of warehouse space and 20,000 square feet of office space. It benefits from a strategic layout with T5 and T12 lighting, heavy power (8,000 amps divided into two 4,000-amp services), and three crane spans with varying capacities. The property is zoned General Industrial (GI) and enjoys excellent access to Interstates 65 and 465, US Route 31, and Indianapolis International Airport. The location offers proximity to a thriving manufacturing hub, including companies like NSK Precision, GMI Corporation, Caterpillar, and KYB. Approximately 15 acres of excess land provide room for expansion. This vacant property presents a unique opportunity for businesses seeking a well-equipped, strategically located industrial facility.

    Property Features for 1450 Commerce Pkwy

    General Information

    Property type
    Distribution properties
    Square Feet
    178,060 SF
    Class
    B

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 178,060 SF industrial building in Franklin, IN, available for $12,000,000.
    • Class B, single‑story building on a 32.6‑acre site in Johnson County.
    • Features 7 loading docks, 3 dock‑high doors, and 25' ceilings.
    • Offers 158,000 SF of warehouse space and 20,000 SF of office space, plus 15 acres of excess land.
    • Includes 8,000 amps of heavy power, three crane spans, and ample parking (170 spaces).
    • Excellent access to I‑65, I‑465, US 31, and Indianapolis International Airport, near major manufacturers.
    Property Profile Insight Report 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 Warehouse, $12M
    Where is this distribution property located?
    The property is located at 1450 Commerce Pkwy Franklin, IN.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: 178,060 SF industrial building in Franklin, IN, available for $12,000,000.; Class B, single-story building on a 32.6-acre site in Johnson County.; Features 7 loading docks, 3 dock-high doors, and 25' ceilings.
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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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