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    2505 Sherman Dr Indianapolis, IN 46218

    Sponsored
    For Lease
    $12,000 /Mo

    11.8-acre industrial lot, I-2 zoning.

    Lot size:
    514,008 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.8-acre industrial land parcel, located at 2505 N Sherman Dr in Indianapolis, Indiana, presents a unique opportunity for businesses seeking ample outdoor storage space. The property boasts I-2 zoning, ideal for a variety of industrial uses. The lot is conveniently situated in the Near Eastside of Indianapolis and is currently improved with a gravel surface, providing immediate usability. With approximately 320 feet of frontage on N Sherman Drive, the property offers excellent visibility and accessibility. Its strategic location provides quick access to major transportation arteries, including Interstate 70 (just 2 miles away) and Interstate 465 (5 miles away), ensuring efficient logistics and distribution. The property is available for lease as a single tenant space, offering flexibility and control. The 11.8-acre lot size is also potentially divisible, offering further customization options to suit specific business needs. This prime location and versatile land make this an attractive option for companies requiring substantial outdoor storage or industrial operations in the Indianapolis area. The zip code is 46218.

    Property Features for 2505 Sherman Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    514,008 SF
    Total Rate
    12000

    Unit(s) available at that property

    Space
    Available Space
    Size
    514,008 SF
    Rate per SF
    $12,000

    HighLights

    • ±11.8‑acre divisible parcel.
    • I‑2 zoning.
    • Gravel lot.
    • Outdoor storage use.
    • 320 feet of frontage on N Sherman Dr.
    • Two miles from I‑70.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -86.100558
    Latitude
    39.804113

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    FAQs

    What type of property is this?
    Land - 11.8-acre industrial lot, I-2 zoning.
    Where is this land located?
    The property is located at 2505 Sherman Dr Indianapolis, IN.
    What is the lease rate?
    The lease rate is $12,000 /Mo.
    What are key features of this property?
    This property features: ±11.8-acre divisible parcel.; I-2 zoning.; Gravel lot.
    Request Owner's contact information
    2505 Sherman Dr Indianapolis, IN 46218
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    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
    2505 Sherman Dr Indianapolis, IN 46218
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