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    5251 S East St Indianapolis, IN 46227

    For Lease
    $1,600 /Mo ($0.33 SF/Yr)

    Office - Indianapolis, IN

    Type:Office
    Property size:
    57,964 SF
    Lot size:
    3.10 Acres
    Days on Market:
    143
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 5251 S East St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C3
    APN
    491401119002000500
    Size
    57,964 SF
    Lot size
    3.10 Acres

    Building Details

    Year built
    1967
    Architectural style
    Other

    Keller Williams Indy South (317) 882-5900 [email protected]

    Listing agent Teresa Harwood (317) 882-5900 License #RB14039040

    Listing date Jul 17, 2025

    MLS# 21967522 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Office Space Available

    This office property, located in Indianapolis, Indiana, offers 57964 square feet of space on a 3.1-acre lot. The property is zoned C3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breaking Walls Counseling Doctor ExtraDent Computer Service LittleStinkers-Pet Waste Removal Lawn Care Service Robin Campbell Builders Construction Company Executive home care ... Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.148118
    Latitude
    39.689743

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    FAQs

    What type of property is this?
    Office building - Office space for lease in Indianapolis, Indiana.
    Where is this office building located?
    The property is located at 5251 S East St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $0.33 SF/Yr.
    What are key features of this property?
    This property features: - Built in 1967; - Location coordinates: [-86.14812,39.689743]
    (317) 882-5900
    Request Owner's contact information
    5251 S East St Indianapolis, IN 46227
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    Indianapolis, IN 46227
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5251 S East St Indianapolis, IN 46227
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