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Property profile & analytics
OFF-MARKET Estimated value $1,870,000
Manufacturing properties

6302 Churchman Byp Indianapolis, IN 46203-6119

130,800 SF 13.69 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-0659467
Property summary
AI-generated overview

This expansive 130,800 square foot manufacturing facility, situated on a generous 13.69-acre lot in Indianapolis, Indiana, presents a unique opportunity for businesses seeking significant space and operational flexibility. The property, located at 6302 Churchman Bypass, boasts a versatile layout suitable for a variety of manufacturing operations. The building features ceiling heights ranging from 17 to 30 feet, providing ample vertical clearance for equipment and processes. Nine loading docks and one drive-in door ensure efficient loading and unloading of materials. The property is zoned I-3, allowing for a wide range of industrial uses. Recently renovated in 2024, the facility is in excellent condition and ready for immediate occupancy. The entire 130,800 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. While the entire building is available, a minimum divisible space of 56,000 square feet is also possible. This prime location in Marion County, Indiana, with its zip code 46203, offers excellent access to transportation networks and a skilled workforce. This is an exceptional opportunity to acquire a substantial, modern manufacturing facility in a strategic location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Construction METAL FRAME
Total area 130,800 SF
Lot 13.69 ac (596,484 SF)
Zoning code ZO01
APN 49-10-26-114-002.000-320
UPID US31-0659467
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cenveo Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.45M
Blend (final) Blend
$1.87M
Owner & transaction history
Envelope Product Group LLC · 3 yrs held
Envelope Product Group LLC
since 2022
Last sale
$1.8M
7 recorded transactions
2022
Price N/A
2014
Price N/A
2014
Price N/A
2011
Price N/A
2011
$1.8M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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