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Multi-Office Medical Space
New
For Sale
$260,000

1109 N Shadeland Avenue, Indianapolis, IN 46219

Commercial Sale, Indianapolis, IN

Property SizeContact for details
Lot Size0.30 Acres
Days on Market1

Property Features for 1109 N Shadeland Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-1
High school Warren Central High School
Elementary school district MSD Warren Township
Middle school district MSD Warren Township
High school district MSD Warren Township
Directions GPS Friendly
Subdivision 4905 - Marion - Warren
Standard status Active
APN 490736115023000700
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Irving Ridge Add 1st Sec L76
Tax Annual Amount 4688
Legal Description Irving Ridge Add 1st Sec L76

Utilities

Utilities Cable Available

Amenities

conference room
kitchen
bathroom
Listing Agency: Carpenter, REALTORS(R)
Listed By: Robert Lane · License #AB21005206
Added: Oct 7 Last Checked: Oct 7 at 10:06PM
MLS# 22129886

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.

Configured as a professional office, the space has multiple offices, a conference room, a kitchen, and one bathroom. Furniture is available with a purchase or lease. The property is also offered for lease, and its C-1 zoning is stated in the listing.

The 0.3-acre site is on Shadeland Avenue, with access to I-465 and I-70. Off-street parking accommodates five vehicles.

Key Highlights

  • Multiple offices, a conference room, kitchen, and one bathroom
  • 0.3‑acre site with off‑street parking for five vehicles
  • Access to I‑465 and I‑70 from Shadeland Avenue

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Building Supply Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46219, IN

36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Medical Office Space - An existing professional office includes a conference room, kitchen, and off-street parking.
Where is this medical office space located?
The property is located at 1109 N Shadeland Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Multiple offices, a conference room, kitchen, and one bathroom; 0.3‑acre site with off‑street parking for five vehicles; Access to I‑465 and I‑70 from Shadeland Avenue
More about this property
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