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    2051 Sherbrook Ave Indianapolis, IN 46218

    Sponsored
    For Sale
    $3,000,000

    41,932 SF Warehouse - Owner/User

    Property size:
    41,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This expansive 41,932-square-foot industrial warehouse, located at 2051 Sherbrook Ave, Indianapolis, IN 46218, presents a prime owner-user opportunity. Situated on a 1.17-acre lot, this single-story building boasts a 15' 6" ceiling height and features five loading docks (three 8'x10' and two 8'x9' docks with levelers), plus one 14' drive-in door. Recent renovations (2023) include new LED lighting, dock doors, hanging heaters, windows, and a complete interior/exterior paint job. A new security system with cameras enhances safety. The property offers 3-phase, 800-amp, 240/120V power and a fully sprinklered fire protection system. Its location provides excellent access to I-70 and I-465, making it strategically advantageous for distribution and manufacturing operations. Asking price is $3,000,000 ($71.54/sq ft). The property is currently vacant.

    Property Features for 2051 Sherbrook Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    41,932 SF
    Lot Size
    50,965 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Large industrial warehouse with recent capital improvements.
    • Five loading docks: three 8'x10' and two 8'x9' docks, all with levelers; plus one 14' drive‑in door.
    • 11'2" clear ceiling height.
    • 800‑amp, 3‑phase, 240/120V power.
    • New LED lighting throughout.
    • Fully sprinklered fire protection system.
    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
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1256466
    Latitude
    39.7954377

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    FAQs

    What type of property is this?
    Distribution property - 41,932 SF Warehouse - Owner/User
    Where is this distribution property located?
    The property is located at 2051 Sherbrook Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Large industrial warehouse with recent capital improvements.; Five loading docks: three 8'x10' and two 8'x9' docks, all with levelers; plus one 14' drive-in door.; 11'2" clear ceiling height.
    Request Owner's contact information
    2051 Sherbrook Ave 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
    2051 Sherbrook Ave Indianapolis, IN 46218
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