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202 S MT ZION RD, LEBANON, IN 46052

MS
Semler Commercial Real Estate Services, Inc.
MW
IN RB14042884
Cushman & Wakefield - Indianapolis, Indiana
Listed by Semler Commercial Real Estate Services, Inc., Cushman & Wakefield - Indianapolis, Indiana
Unpriced
1 day on market
Updated 0 days ago

202 S MOUNT ZION RD LEBANON IN 46052

Details
APN 06-10-35-000-001.003-002
Property Type Industrial
Sub Type R&D, Manufacturing
Square Footage 46,800
Net Rentable (SqFt) 46,800
Units 1
NOI $348,600
Tenancy Single
Lease Type NNN
Lease Term 10.7
Lease Expiration 08/31/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options 1- 5 year
Class B
Year Built 1995
Buildings 1
Stories 1
Acreage 9.000
Zoning PBI - Planned Business Industrial
Parking Spaces 100 spaces
Parking Per SqFt 2.14
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 01/01/2018
Ground Lease No
Ceiling Height 17
Loading Docks 1
Dock High Doors 2
Sale Condition N/A

100% Leased 46,800 SF industrial building in Lebanon, IN

Marketing description

Located approximately 30 miles northwest of Downtown Indianapolis and 30 miles southeast of West Lafayette (Purdue University), Lebanon has rapidly emerged as one of the premier advanced manufacturing and logistics markets in the Midwest. Positioned along the Interstate 65 corridor, the community provides exceptional regional access to Indianapolis, Chicago, Louisville, Cincinnati, and the broader Midwest distribution network.

Lebanon's transformation is being driven by the LEAP (Limitless Exploration/Advanced Pace) Innovation District, a 9,000+ acre master-planned advanced manufacturing campus that has attracted billions of dollars in public and private investment. The district is anchored by Eli Lilly and Company's new manufacturing campus, representing a commitment of more than $24 billion and one of the largest pharmaceutical manufacturing investments in U.S. history. The campus is expected to create approximately 1,300 high-paying permanent jobs, while supporting thousands of construction and supplier-related positions.

Further strengthening the market, Meta has announced a major hyperscale data center in Lebanon, representing an investment approaching $1 billion and reinforcing Boone County as a destination for technology, advanced manufacturing, and critical infrastructure. The project is expected to generate hundreds of construction jobs and long-term technology positions while attracting additional infrastructure investment throughout the region.

The LEAP District has also attracted significant investment from suppliers and supporting industries, including Amazon, Caterpillar, SHEIN/Becknell, and numerous logistics, packaging, and advanced manufacturing companies. These investments continue to fuel population growth, workforce expansion, residential development, and increased demand for industrial and commercial real estate.

With immediate access to Interstate 65, a highly educated workforce supported by Purdue University, and proximity to the Indianapolis metropolitan area, Lebanon offers investors a compelling combination of stable economic fundamentals, exceptional infrastructure, and long-term growth potential.

Investment highlights

Long-Term Value Creation Opportunity - Existing lease provides stable income today while the below market rental rate and strategic LEAP District location offers investors the potential to signficanlty increase cash flow through a future lease exnetsnion or redevelopment. The building is expandable by approxiamelty 25,000 SF.

Listing Contacts

MS
Semler Commercial Real Estate Services, Inc.
MW
IN RB14042884
Cushman & Wakefield - Indianapolis, Indiana
Listed by Semler Commercial Real Estate Services, Inc., Cushman & Wakefield - Indianapolis, Indiana

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$348,600.00
$29,050.00/mo

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Zoning

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LI IndustrialLight IndustrialLight Industrial
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Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics

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