Industrial Lot with Three
For Sale
Contact for pricing
2000 Doctor M.L.K. Jr St, Indianapolis, IN 46202
Large industrial lot with three buildings and interstate access.
Property Size35,900 SF
Price / SF$58.50
Days on Market1541
Property Features for 2000 Doctor M.L.K. Jr St
General Information
Standard status
Active
Size
35,900 SF
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1910
Year Renovated
2018
Buildings
3
Listing Agency:
Midland Realty Group Inc
Listed By:
Jhirmal Singh · License #RB20002065
(317) 702-8049
Source:
Crexi
Added: Jul 27, 2022
Changed: Oct 3
Last Checked: Oct 12 at 7:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midland Realty Group Inc
Investment Insights
Based on property information with market context.
This large industrial lot features three buildings and is zoned I-4, making it suitable for industrial or commercial use. The property includes multiple high doors and has been recently renovated. It benefits from nearby interstate access and local traffic. Truck parking is allowed on the site. The property offers potential for various light or medium industrial uses, as well as commercial opportunities.
Key Highlights
- Large industrial lot with three buildings.
- Zoned I‑4, suitable for industrial or commercial uses.
- Multiple high doors and recently renovated.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,961
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,579,220
$3.6M
Cap Rate 7%
$2,556,586
$2.6M
Cap Rate 9%
$1,988,456
$2.0M
Market Conditions
NOI Build-Up for 35,900 SF
Gross rent
$280.0K $7.80/SF
− Vacancy
−$24.4K −$0.68/SF
EGI
$255.7K $7.12/SF
− OpEx
−$76.7K −$2.14/SF
NOI
$179.0K $4.98/SF
Area
Indianapolis, IN
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,579,220
Cap Rate 7%
$2,556,586
Cap Rate 9%
$1,988,456
Alternative Uses
Best Use
Industrial
$2.56M
$2.24M – $2.98M
NOI $178,961 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.94M
$7.82M – $10.43M
NOI $625,522 @ 7.0% cap · market cap 29.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Large industrial lot with three buildings and interstate access.
Where is this industrial property located?
The property is located at 2000 Doctor M.L.K. Jr St Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Large industrial lot with three buildings.; Zoned I‑4, suitable for industrial or commercial uses.; Multiple high doors and recently renovated.
