C3 Office Building for
For Lease
$1,160/Mo
5251 S East Street, Indianapolis, IN 46227
Commercial Lease, Indianapolis, IN
Space SizeContact for details
Lot Size3.10 Acres
Days on Market53
Property Features for 5251 S East Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C3
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Subdivision
4907 - Marion - Perry
Standard status
Active
APN
491401119002000500
Lot size
3.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Beg 990' S Of Nw Cor E 489.11' Sw 319.96' Se178.26' Sw 213.26' Nw Irr L 240.13' N 414.72' Tobeg Ne1/4 S1 T14 R3 3.1Ac
Legal Description
Beg 990' S Of Nw Cor E 489.11' Sw 319.96' Se178.26' Sw 213.26' Nw Irr L 240.13' N 414.72' Tobeg Ne1/4 S1 T14 R3 3.1Ac
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 882-5900
Listed By:
Morgan Mathauer · License #RB23000355
(765) 318-8053
Added: Jul 24
Changed: Aug 28
Last Checked: Sep 14 at 12:06AM
MLS# 22113827
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is offered for lease and is identified under office buildings and office spaces property types. The site is zoned C3, supporting a range of commercial uses consistent with that zoning classification.
The property is located at 5251 S East Street, Indianapolis, IN 46227, in Marion County. The lot size is listed as 3.1 acres, providing a larger parcel configuration for tenants or users seeking a C3-zoned office presence.
As presented, the offering is a leased office building/office space in an established Indianapolis setting, with zoning clearly noted as C3. Please confirm specific building details and any use restrictions directly with the listing broker and local authorities.
The property is located at 5251 S East Street, Indianapolis, IN 46227, in Marion County. The lot size is listed as 3.1 acres, providing a larger parcel configuration for tenants or users seeking a C3-zoned office presence.
As presented, the offering is a leased office building/office space in an established Indianapolis setting, with zoning clearly noted as C3. Please confirm specific building details and any use restrictions directly with the listing broker and local authorities.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$19.88 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
11,399 SF
Avg Space Size
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building available for lease under C3 zoning in Indianapolis, Indiana 46227.
Where is this office building located?
The property is located at 5251 S East Street Indianapolis, IN.
What is the lease rate?
The lease rate is $1,160/Mo.
