7520 West Washington St. — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Indianapolis, IN 46231
  • Year built: 1944

Description

Exceptional commercial opportunity situated on State Road 40, one of the most heavily traveled corridors connecting Indianapolis to Plainfield, offering unmatched visibility and accessibility for businesses of all types. Located just one block from Indianapolis International Airport and private terminals, this versatile 4+ acre property commands attention from a constant stream of commuters, travelers, and commercial traffic daily. Adjacent to an established gas station, the site benefits from built-in complementary traffic and a proven commercial ecosystem. The property features extra land available for additional building development, providing tremendous upside potential for owner-users or investors looking to expand usable square footage. Acceptable uses are extensive and include storage, warehousing, distribution, manufacturing, outdoor storage, recycling station, heavy vehicle wash, auto and truck sales and service, truck stop, firearms sales, grocery, liquor store, light and heavy general retail. Adding immediate financial stability, the property boasts long-standing tenants with year-to-year leases and income already in place, making this a rare blend of cash-flow certainty and future development potential in one of Indiana's most strategically located commercial corridors. Land Size: 4.2 Ac | Year Built: 1944 | Listing Type: FOR SALE

Market Context

This industrial in Indianapolis, IN is listed for sale. The building dates to 1944. It has been on the market for 70 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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