245 S Franklin Rd — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Indianapolis, IN 46219
  • Size: 45,000 SF

Description

Commercial property listing from JLL. Property: 245 S Franklin Rd.

Market Context

This industrial in Indianapolis, IN is listed for sale across 45,000 SF. It has been on the market for 166 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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