Renovated Multi-Tenant Flex
For Lease
$18-$20 SF/Yr
9130 Otis Avenue, Indianapolis, IN 46216
Commercial Lease, Indianapolis, IN
Space Size13,848 SF
Property Size25,000 SF
Lot Size1.14 Acres
Days on Market753
Property Features for 9130 Otis Avenue
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
DP
Elementary school district
MSD Lawrence Township
Middle school district
MSD Lawrence Township
High school district
MSD Lawrence Township
Directions
East on E 56th Street from I-465 towards Ft Harrison. North on Post Rd, East on Otis Ave, North on Britz Rd to Bldg on right. Park on the north side of the building.
Subdivision
4904 - Marion - Lawrence
Standard status
Active
APN
490805105007000407
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Pt Sw1/4 S5 T16n R5e Comm Sw Cor Sw1/4 N497.79 E428.96 N37.73 To P.O.B. E3.42 Se14.47 E114.32 N85.08' E76.38' N65.66' E8.24'N131.18'' W210.65'' S268.76'' To Beg 1.143 Ac.
Legal Description
Pt Sw1/4 S5 T16n R5e Comm Sw Cor Sw1/4 N497.79 E428.96 N37.73 To P.O.B. E3.42 Se14.47 E114.32 N85.08' E76.38' N65.66' E8.24'N131.18'' W210.65'' S268.76'' To Beg 1.143 Ac.
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1908
Floors in Building
2
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
(317) 564-7100
Listed By:
Robert Sorrell · License #RB14042253
(317) 509-7943
Added: Aug 22, 2024
Changed: Aug 28
Last Checked: Sep 13 at 12:06AM
MLS# 21993781
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.
Renovated flex property combining industrial, office, and adaptable commercial space within a multi-tenant complex. The building contains approximately 25,000 SF overall, with approximately 13,848 SF currently available for one occupant or multiple users. The property occupies 1.14 acres of developed land and includes common parking, forced-air heating, and central air conditioning. Originally constructed in 1908, the building has been repositioned as a multi-use complex with professionally managed space.
Located in Lawrence Village at Fort Harrison, the property is approximately 2 miles from I-465, with access to I-69, I-74, I-70, and I-65. Dining options are within walking distance, and Fort Harrison State Park is less than a mile away. The property is zoned DP.
Located in Lawrence Village at Fort Harrison, the property is approximately 2 miles from I-465, with access to I-69, I-74, I-70, and I-65. Dining options are within walking distance, and Fort Harrison State Park is less than a mile away. The property is zoned DP.
Key Highlights
- Approximately 13,848 SF available within a 25,000 SF multi‑tenant complex
- Flex, industrial, and office configuration supports single‑tenant or multi‑tenant occupancy
- 1.14 acres of developed land with common parking
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46216, IN
2,343
Population
1,509
Households
1.6
Avg Household Size
47
Median Age
52%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
756
Density / Sq Mi
$56,838
Median Household Income
$44,399
Median Earnings
$1,282
Median Rent
$253,800
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
$11.84 /SF/Yr
Avg Asking Price
$4.16–$18 /SF/Yr
Price Range
14,040 SF
Avg Space Size
This space is priced 60% above the average of $11.84 /SF/Yr.
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space supports single-tenant or multi-tenant occupancy with office and industrial functionality.
Where is this flex space located?
The property is located at 9130 Otis Avenue Indianapolis, IN.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Approximately 13,848 SF available within a 25,000 SF multi‑tenant complex; Flex, industrial, and office configuration supports single‑tenant or multi‑tenant occupancy; 1.14 acres of developed land with common parking
