221 Franklin RdIndianapolis, IN 46219

Property Details for 221 Franklin Rd

Year built

1972

Construction

TYPE NOT SPECIFIED

Lot size

29.61 AC

Property size (Sq ft)

768,000 SF

Zone code

ZO03

Property type

Industrial properties

Property subtype

Other warehouses

APN

49-09-07-115-001.000-700

APU

490907115001000700

Description

This exceptional Indianapolis industrial property, located at 221 S Franklin Rd, 46219, offers a total of 204,800 square feet of versatile space, ideal for manufacturing, distribution, or warehousing. The property features two available suites: Suite 100 encompasses 128,000 square feet, including 4,550 square feet of office space, and boasts 14 loading docks and one drive-in door (12' x 14'). Suite 200 offers 76,800 square feet with build-to-suit office options and 5 loading docks. Both suites benefit from a generous 40' x 40' column spacing and impressive 24-25 foot clear ceiling heights. The building is equipped with an ESFR sprinkler system and heavy power. The property is zoned I-3 and serviced by all city utilities. Strategically located less than one mile from I-465, this property provides excellent access to major transportation routes. The entire space is available for lease at $4.25 per square foot, NNN, with estimated 2024 operating expenses of $1.69 per square foot. Cross street is E Washington Street. This is a multi-tenant property.

• Alternative Use

  Use

  Valuation

  Residential

  $114,497,792

  Hospitality

  $104,879,368

  Educational

  $87,258,400

  Medical

  $90,259,352

  Retail

  $135,735,296

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7675

Longitude

-86.0204

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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