Rare Large User Opportunity with Rail Potential in… — Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Indianapolis, IN 46203

Description

Industrial For Lease | 8,500 - 214,650 SF For Sale | Building Size: 22,929 SF | Lot Size: 18.48 ac ± 214,650 sf For Sale or Lease Downtown - Seller Financing Potential$10,000.00 Racking Allowance, plus free design, through Landlord’s contractor, with minimum of five-year term. Key Facts Suite 1: 56,625 SF Suite 3: 58,877 SF Suite 4: 38,756 SF Suite 5: 50,744 SF Suites 2-3: 115,502 SF Suites 4-5: 89,500 SF Suites 2-4: 154,215 SF Suites 1-5: 214,650 SF

Market Context

This industrial in Indianapolis, IN is listed for lease. It has been on the market for 176 days. Compare it against other industrial listings for lease 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).

Estimated Market Rate

$0.62/SF/mo – $0.84/SF/mo

Mid: $0.73/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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