5701 Elmwood Ave Indianapolis, IN 46203-6013
This exceptional 195,228-square-foot industrial complex at 5701 Elmwood Ave, Indianapolis, IN 46203, offers a prime location with excellent interstate visibility and immediate access to I-465. The property, built in 1968, features a 202,577-square-foot building with a flexible layout ideal for various industrial uses. The space boasts a 16' to 20' clear height, providing ample room for storage and operations. Convenient loading options include both dock and drive-in access, ensuring efficient material handling. The property is zoned I-3, allowing for a wide range of industrial activities. Its strategic location offers numerous advantages, including proximity to a variety of amenities such as retail, restaurants, and hotels, enhancing the convenience for employees and visitors. The estimated 2024 operating expenses are $2.30 per square foot. This property presents a unique opportunity for businesses seeking a well-located, functional, and versatile industrial space in a thriving Indianapolis market. The high visibility and convenient access to major transportation routes make this an exceptional investment opportunity.
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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, INIndianapolis. Always verify with local authorities before improvements.
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.