Building Details

Buildings 2

Construction metal-clad

Tenancy Multi

Spaces For Lease

at 968 Ripley Street

LIGHT INDUSTRIAL SPACE FOR LEASE! $13/SF/Yr

Size 21,000 SF

Type INDUSTRIAL

Lease Type OTHER

Availability AVAILABLE, Completion in JANUARY 2027

This is a 2-building complex which consists of two high-quality, metal-clad buildings designed to accommodate a total of eight office-warehouse tenant spaces. Each building features the following: Eight proposed individual office-warehouse units, each equipped with office areas, warehouse storage, private overhead doors, and operational workspace. This property has perimeter fencing, security cameras throughout. Building 1 is due to be completed January of 2027. Building 1 features 4 units 5,000 SF - 21,000 SF min/max. Each unit is equipped with a 14'x14' OHD, two offices and his and her bathrooms. Building 2 features 4 units 3,750 SF - 15,000 SF min/max. Each unit is equipped with a 12' x 14' OHD, two offices and his and her bathrooms. These office-warehouse spaces are ideal for small to mid-sized businesses seeking a professional environment with integrated storage and operational capabilities. The development supports a variety of industries, including logistics, manufacturing, distribution, and professional services. The property is located directly next to Kaplan Trucking on Ripley Street aka SR 51. US Route 6 is 5 minutes away. US Route 20 is 1.5 miles north. I-80/I-94 is ½ mile south and I-90 (Indiana Toll Road) is 2.5 miles south. In the vicinity of Flying J's Travel Center, Drive Co CDL Learning Center, TA Travel Center, Burger King, Wendy's, J&J Pizza Shed, Smother E's BBQ and Lake Station Ace Hardware. 2025 INDOT traffic counts 12,476 cars/day on Ripley and 26,223 on Indiana Toll Road.

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Listing Agency: Commercial In-Sites, LLC

Listed By: David A Lasser Show Phone

Source: Moodyscre

Added: Oct 15 Changed: Oct 21 Last Checked: Oct 23 at 6:49AM

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Investment Insights

Based on property information with market context.

This two-building flex property is planned for eight office-warehouse units, with four units in each building. Each space combines office areas, warehouse storage and operational workspace. Building 1 offers unit sizes from 5,000 SF to 21,000 SF, with 14-foot-by-14-foot overhead doors, two offices and two bathrooms per unit. Building 2 offers spaces from 3,750 SF to 15,000 SF, with 12-foot-by-14-foot overhead doors, two offices and two bathrooms per unit. Building 1 is scheduled for completion in January 2027. The site also has perimeter fencing and security cameras.

The property fronts Ripley Street, also identified as SR 51, next to Kaplan Trucking. US Route 20 is 1.5 miles north, I-80/I-94 is one-half mile south, and I-90 is 2.5 miles south. US Route 6 is five minutes away. Nearby businesses and services include Flying J’s Travel Center, TA Travel Center, Drive Co CDL Learning Center, restaurants and Lake Station Ace Hardware. 2025 INDOT traffic counts are 12,476 cars per day on Ripley Street and 26,223 on the Indiana Toll Road.

Key Highlights

• Two‑building office‑warehouse complex planned for eight units, with four in each building
• Building 1 units range from 5,000 SF to 21,000 SF; 14‑foot‑by‑14‑foot overhead doors, two offices and two bathrooms per unit
• Building 2 units range from 3,750 SF to 15,000 SF; 12‑foot‑by‑14‑foot overhead doors, two offices and two bathrooms per unit

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply HVAC Service Spa & Massage Center Plumbing 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

Multi-tenant

Tenancy

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

$1.95 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

99

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 46405, IN

11,860

Population

4,566

Households

2.6

Avg Household Size

37

Median Age

10%

College-Educated

80%

High-School Grad

9.0 sq mi

ZIP Area

1,318

Density / Sq Mi

$57,005

Median Household Income

$34,058

Median Earnings

$1,136

Median Rent

$123,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Multi-tenant space pairs private offices with warehouse storage and dedicated overhead doors.

Where is this flex space located?

The property is located at 968 Ripley Street Lake Station, IN.

What is the lease rate?

The lease rate is $13 SF/Yr.

What are key features of this property?

This property features: Two‑building office‑warehouse complex planned for eight units, with four in each building; Building 1 units range from 5,000 SF to 21,000 SF; 14‑foot‑by‑14‑foot overhead doors, two offices and two bathrooms per unit; Building 2 units range from 3,750 SF to 15,000 SF; 12‑foot‑by‑14‑foot overhead doors, two offices and two bathrooms per unit