3340 Shelby St Indianapolis, IN 46227-3258
This exceptional industrial property, located at 3340 Shelby St, Indianapolis, IN 46227, presents a unique opportunity. The 7,465 square foot building sits on a fully paved 6.57-acre lot, offering ample space for truck terminal operations. Built in 1952 and extensively renovated in 2023, the single-story structure boasts a functional layout. Approximately 3,694 square feet are dedicated to office space, featuring a welcoming lobby, five private offices, three bathrooms, and a driver's lounge. The remaining 3,771 square feet comprises warehouse space, equipped with three existing 9'x9' dock doors, with the potential to add eleven more. The high ceilings, ranging from 11.5' to 13', provide excellent vertical clearance. The property's I-3 zoning ensures flexibility for various industrial uses. Its strategic location, just 1.5 miles from both I-465 and I-65, provides easy access to major transportation arteries and is only a few miles from downtown Indianapolis. The $16,000 per month NNN lease makes this a compelling investment. This fully paved lot offers significant potential for a variety of businesses seeking a well-maintained and conveniently located industrial space.
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Bakers Express Freight Service Logistics Company
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INCosts & 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.