Indianapolis, IN industrial market
Indianapolis industrial fundamentals remain resilient with vacancy declining into the single digits and asking rents holding around $6.00 to $7.70 per square foot NNN. Recent sales and active offerings for small to mid-bay facilities show valuations generally concentrating between $75 and $175 per square foot. Because no specific street address was provided, comps reflect citywide transactions and live listings.
What's driving Industrial prices in Indianapolis
Indianapolis industrial values have stabilized with modest annual appreciation supported by steady tenant absorption.
- Vacancy contraction down to 6.9% to 7.6% lifting landlord leverage
- Moderating speculative deliveries easing supply-side pricing pressure
- Sustained logistics and manufacturing tenant demand along I-65 and I-465
Market intelligence
Tracking this market · 8 comps · latest deal Jul 2026.
This quarter: 0 comps added to our corpus in Q4 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum FlatPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned.
Recent Industrial comps in Indianapolis, IN
| Address | Date | Type | Size (SF) | Clear Height | Dock Doors | Price / Rate | $/SF | Cap Rate | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|---|
| 7201 New Augusta Rd, Indianapolis, IN 46268 listing | Listed Oct 2026 | Sale | 5200 | 14 ft | 4 dock-high | $825,000 | $159 | Multi-tenant | 2001 | |
| 6550 Guion Rd, Indianapolis, IN 46268 listing | Listed Sep 2026 | Sale | 11610 | 16 ft | 3 grade-level | $1,102,950 | $95 | Multi-tenant | 1972 | |
| 7141-7151 E 46th St, Indianapolis, IN 46226 estimate | Listed Sep 2026 | Sale | 16000 | 16 ft | 4 grade-level | $1,300,000 | $81 | 8.72% | Multi-tenant, 100% occupied | 1978 |
| 3145 Doctor Andrew J Brown Ave, Indianapolis, IN 46205 listing | Listed Sep 2026 | Sale | 8460 | 11 ft | 1 dock-high, 2 grade-level | $650,000 | $77 | Vacant | 1940 | |
| 2185 N Sherman Dr, Indianapolis, IN 46218 listing | Listed Sep 2026 | Sale | 28100 | 22 ft | 2 dock-high, 1 grade-level | $2,595,000 | $92 | Owner-user | 1968 | |
| 1058 S Ewing St, Indianapolis, IN 46203 estimate | Jul 2026 | Sale | 2400 | 12 ft | 1 grade-level | $244,000 | $102 | Owner-user | 1962 | |
| 6230 Corporate Dr, Indianapolis, IN 46278 listing | Listed Jul 2026 | Sale | 11581 | 20 ft | 2 dock-high, 3 grade-level | $1,995,000 | $172 | Owner-user | 2002 | |
| 2334 Production Dr, Indianapolis, IN 46241 listing | Listed May 2026 | Sale | 49000 | 16 ft | 4 dock-high, 1 grade-level | $4,350,000 | $89 | Owner-user | 1967 | |
| Median of 8 recent sales · $94/SF | $94 | |||||||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Indianapolis, IN, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.