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Industrial/Flex Space Available For Lease
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1203 Indy Way, Indianapolis, IN 46214

Multi-tenant industrial/flex property with easy highway access.

Space Size1,783 SF
Property Size44,164 SF
Lot Size1.93 Acres
Days on Market1684

Property Features for 1203 Indy Way

General Information

Standard status Active
Size 1,783 SF
Lot size 1.93 Acres
Property subtype Industrial
Lease Type Modified Gross

Building Details

Building Size 44,164 SF
Tenancy Multiple

Spaces For Lease

at 1203 Indy Way Contact us

1222

Size
1,783 SF
Type
Industrial
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Corporate Commercial Group
Listed By: Keith Dedrick · License #IN RB14029789
Source: Crexi
Added: Jan 3, 2022 Changed: Aug 8 Last Checked: Aug 13 at 5:04PM

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 Corporate Commercial Group

Investment Insights

Based on property information with market context.

The property at 1203 Indy Way/Place is a multi-tenant industrial/flex property comprising approximately 44,164 square feet. It is situated on a fully improved 1.93-acre site. The location provides convenient access to I-65, I-70, and I-74 via the western portion of the I-465 Indianapolis loop. This well-maintained property is suitable for a variety of users seeking quality industrial/flex space.

Key Highlights

  • Multi‑tenant industrial/flex property with +/- 44,164 square feet.
  • Easy access to I‑65, I‑70, and I‑74 via I‑465.
  • Situated on a fully improved 1.93‑acre site.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Spa & Massage Center Law Firm Skin Care Clinic Bakery Cafe & Coffee Shop Electrical Service

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
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46214, IN

26,314
Population
11,228
Households
2.3
Avg Household Size
35
Median Age
27%
College-Educated
91%
High-School Grad
7.5 sq mi
ZIP Area
3,509
Density / Sq Mi
$58,863
Median Household Income
$40,688
Median Earnings
$1,116
Median Rent
$180,200
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 60% 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
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Frequently Asked Questions

What type of property is this?
Flex space - Multi-tenant industrial/flex property with easy highway access.
Where is this flex space located?
The property is located at 1203 Indy Way Indianapolis, IN.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Multi‑tenant industrial/flex property with +/- 44,164 square feet.; Easy access to I‑65, I‑70, and I‑74 via I‑465.; Situated on a fully improved 1.93‑acre site.
(317) 502-3622 Call to check price and availability
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