10809 E US HIGHWAY 136, INDIANAPOLIS, IN 46234 — Sale in Indianapolis, IN

  • Price: $1.9M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Indianapolis, IN 46234
  • Size: 16,680 SF
  • Year built: 1991

Investment Figures

Price per square foot
$114

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Recently renovated by an international company, this showroom and warehouse facility combines European-inspired design with modern functionality. A remarkably successful adaptive reuse project, this former bowling alley has been transformed into a modern showroom, office, and warehouse facility while preserving the building's character. Just minutes from Lucas Oil Indianapolis Raceway Park, Interstate 74, Interstate 465, and Indianapolis International Airport. The 16,680 SF building sits on 2.78 acres on the west side of Indianapolis. The flexible showroom features 3,100 SF of office, conference, reception, and display space with abundant natural light and 13-foot ceilings. The remaining 13,700 SF is configured as modern warehouse and storage space with ceiling heights ranging from 20 to 23 feet. Zoned General Business with a future land-use designation within Hendricks County's Town Growth Area (Indianapolis mailing address). Paved lot for 65 Cars. Ideal for a distinctive corporate headquarters, showroom / warehouse, distribution center, race car design and production, or other commercial uses. Building SF: 16680 | Land Size: 2.78 Ac | Year Built: 1991 | Listing Type: FOR SALE

Market Context

This industrial in Indianapolis, IN is listed for sale at $1,899,000 across 16,680 SF. The building dates to 1991. It has been on the market for 52 days. Compare it against other industrial listings for sale in Indianapolis, IN — view the full market.

As of Q1 2026, the Indianapolis industrial market showed a 7.0% vacancy rate, average asking rents near $6.35/SF/yr, and cap rates around 6.1%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Indianapolis?
About 6.1% as of Q1 2026, per multiple brokerage reports.
Is the Indianapolis industrial market tightening or softening?
Vacancy is around 7.0% (Q1 2026).

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