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    217 Belmont Ave Indianapolis, IN 46222

    Sponsored
    For Lease
    $2 SF/Yr

    Prime Indy warehouse space available.

    Lot size:
    490,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 490,000 square foot multi-tenant industrial complex, located at 217 S Belmont Ave, Indianapolis, IN 46222, presents a significant opportunity. The property is zoned I-4 and situated in Marion County, offering convenient access to major transportation routes. Currently, there is 64,945 square feet of immediately available warehouse and distribution space within a freestanding building. The building features ample surface parking, a significant advantage for efficient loading and unloading operations. The property's classification as both office and industrial allows for versatile usage, catering to a wide range of business needs. The substantial size of the available space makes it ideal for large-scale operations requiring significant storage and distribution capabilities. With its strategic location in Indianapolis and its impressive square footage, this property represents a compelling investment opportunity for businesses seeking to expand or establish a presence in a thriving industrial market. The multiple tenancy structure offers flexibility for various business models. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a substantial warehouse space in a prime Indianapolis location.

    Property Features for 217 Belmont Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    490,000 SF
    Total Rate
    108208.33

    Unit(s) available at that property

    Space
    Area 5
    Size
    64,945 SF
    Rate per SF
    $2

    HighLights

    • 64,945 SF of immediately available warehouse/distribution space.
    • ±2,700 SF of office space.
    • Two interior docks with levelers.
    • One 15' tall grade‑level drive‑in door.
    • 18'-22' clear height.
    • $2.65/SF gross industrial rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Omni Materials Cement Supplier Funagain Logistics Warehouse Easy Heat Pellets/Belmont ... Warehouse Lovett Pallett Recycling Manufacturer Chop Chop Tree Tree Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair 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
    -86.1958346
    Latitude
    39.7619969

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    FAQs

    What type of property is this?
    Distribution property - Prime Indy warehouse space available.
    Where is this distribution property located?
    The property is located at 217 Belmont Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: 64,945 SF of immediately available warehouse/distribution space.; ±2,700 SF of office space.; Two interior docks with levelers.
    Request Owner's contact information
    217 Belmont Ave Indianapolis, IN 46222
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    Indianapolis, IN 46222
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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
    217 Belmont Ave Indianapolis, IN 46222
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