1450 Commerce Pkwy Franklin, IN 46131
For Sale
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This exceptional 178,060-square-foot industrial property, located in Johnson County's thriving industrial hub, presents a significant investment opportunity. The single-tenant building, constructed in 1994, features a steel-framed metal panel structure with a durable standing seam metal roof. The 32.6-acre site offers ample parking (170 spaces) and approximately 15 acres of excess land for future expansion. The building boasts approximately 158,000 square feet of warehouse space and 20,000 square feet of office space. Warehouse features include a clear height ranging from 20 to 25 feet (up to 20 feet under crane operations), flexible column spacing (40-52 feet), eight loading docks with manual levelers and dock locks, and two drive-in doors. The property benefits from a robust 8,000-amp electrical capacity (two 4,000-amp services), T5 and T12 lighting, and three crane spans with varying lengths and capacities. Its General Industrial (IG) zoning allows for diverse manufacturing and industrial uses. The prime location offers easy access to Interstates 65 and US Route 31, providing seamless connectivity to Interstate 465, Indianapolis International Airport, and the broader metro area. This property is ideally suited for businesses seeking efficient, high-capacity manufacturing and warehouse space in a strategic location within a strong industrial market. The APN is 41-08-11-043-001.000-009.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.