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    2401 Directors Row Indianapolis, IN 46241

    For Lease
    $10 SF/Yr

    Modern Flex Space, I-465 Access

    Lot size:
    214,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Directors Row Business Park offers a unique opportunity to lease 34,450 square feet of prime flex space in Building 2401. Currently undergoing a comprehensive conversion from traditional office to modern flex space, this property is slated for completion on August 1st, 2024. The renovation includes the demolition of existing office space and the strategic addition of three 10' x 10' drive-in doors, enhancing functionality and accessibility for various business needs. Built in 1985, the building boasts ample parking, catering to both employees and clients. Its strategic location within Directors Row Business Park provides easy access to major transportation arteries, including I-465 and I-70, ensuring seamless connectivity to Downtown Indianapolis and the Indianapolis International Airport. The property is zoned I-3 and CS, offering flexibility for a wide range of commercial uses. Its proximity to the popular Park Fletcher Business Park further enhances its desirability and potential for synergistic business relationships. This is an exceptional opportunity to secure a modern, well-located flex space in a thriving business community. The total building size is 214,200 square feet, with multiple tenants currently occupying the building. This specific unit offers a significant upgrade in functionality and accessibility, making it ideal for businesses requiring both office and warehouse space.

    Property Features for 2401 Directors Row

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    214,200 SF
    Total Rate
    187425

    Building Details

    Year Built
    1985

    Unit(s) available at that property

    Space
    2401-G
    Size
    7,013 SF
    Space
    2401-F
    Size
    12,717 SF
    Space
    2401-L
    Size
    1,127 SF
    Space
    2401-A-C
    Size
    10,650 SF
    Space
    2485-A-C
    Size
    20,700 SF
    Rate per SF
    $10

    HighLights

    • 34,450 SF flex/office space undergoing conversion.
    • Office demolition and installation of three 10' x 10' drive‑in doors are underway, with completion expected August 1, 2024.
    • 1985 construction.
    • Ample employee and client parking.
    • I‑3 and CS zoning.
    • Excellent location near Park Fletcher Business Park, I‑465, I‑70, Downtown Indianapolis, and Indianapolis International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Align CEC, Indianapolis Civil Engineering Company Kelvion Inc Industrial Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Auto Repair Shop Wholesale Shop 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
    -86.2630763
    Latitude
    39.7327375

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    FAQs

    What type of property is this?
    Flex space - Modern Flex Space, I-465 Access
    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 $0.00-$10 SF/Yr.
    What are key features of this property?
    This property features: 34,450 SF flex/office space undergoing conversion.; Office demolition and installation of three 10' x 10' drive-in doors are underway, with completion expected August 1, 2024.; 1985 construction.
    Request Owner's contact information
    2401 Directors Row Indianapolis, IN 46241
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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
    2401 Directors Row Indianapolis, IN 46241
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