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Industrial Space Near Park Fletcher
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2401 Directors Row, Indianapolis, IN 46241

34,450 SF flex space near Indianapolis Airport.

Space Size6,250 SF - 11,450 SF
Property Size214,200 SF
Days on Market1474

Property Features for 2401 Directors Row

General Information

Standard status Active
Size 6,250 SF - 11,450 SF
Property subtype Office, Industrial
Lease Type Modified Gross

Building Details

Building Size 214,200 SF
Year Built 1985
Tenancy Multiple

Spaces For Lease

at 2401 Directors Row Contact us

2485 - B

Size
11,450 SF
Type
Industrial, Office
Lease Type
Modified Gross
Availability
Active
Contact us

2485 - C

Size
6,250 SF
Type
Industrial, Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Ziff Properties, Inc
Listed By: Alec Boyle, CCIM · License #SC 130764
Source: Crexi
Added: Aug 2, 2022 Changed: Aug 8 Last Checked: May 12 at 9:28PM

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 Ziff Properties, Inc

Investment Insights

Based on property information with market context.

This 34,450 square foot flex space is located near the Park Fletcher Business Park, offering convenient access to I-465 and I-70. It is also in close proximity to Downtown Indianapolis and the Indianapolis International Airport. Built in 1985, the property is zoned I-3, CS. An office/warehouse conversion is underway, including office demolition and the addition of three 10’ x 10’ drive-in doors, with an expected completion date of August 1, 2024. Ample parking is available for both employees and clients.

Key Highlights

  • 34,450 total SF of office/warehouse space
  • Convenient access to I‑465 and I‑70
  • Office/Warehouse conversion complete with (3) 10’ x 10’ drive‑in doors (Expected completion: 8/1/2024)

Property Analytics

Current Use

Align CEC, Indianapolis General Contractor Kelvion Inc Factory

Suggested Use

Top Pick Dental Office Spa & Massage Center Hair Salon (Bike/Boat/Book/etc) Store Carpet & Flooring Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

478
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46241, IN

33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$20.07 /SF/Yr
Avg Asking Price
$1.17–$95.52 /SF/Yr
Price Range
17,019 SF
Avg Space Size

This space is priced 45% below the average of $20.07 /SF/Yr.

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Flex space - 34,450 SF flex space near Indianapolis Airport.
Where is this flex space located?
The property is located at 2401 Directors Row Indianapolis, IN.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: 34,450 total SF of office/warehouse space; Convenient access to I‑465 and I‑70; Office/Warehouse conversion complete with (3) 10’ x 10’ drive‑in doors (Expected completion: 8/1/2024)
(843) 724-3473 Call to check price and availability
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