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1398 Shadeland Ave, Indianapolis, IN 46219

Flexible office suites available in a convenient Indianapolis location.

Property Size6,000 SF
Days on Market1417

Property Features for 1398 Shadeland Ave

General Information

Standard status Active
Size 6,000 SF
Property subtype Office
Listing Agency: Premier Commercial TCN Worldwide Real Estate
Listed By: Pete Alveal · License #IN123455
Source: Crexi
Added: Sep 15, 2022 Changed: Jul 6 Last Checked: Jul 31 at 8:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial TCN Worldwide Real Estate

Investment Insights

Based on property information with market context.

Located at 1398 N. Shadeland Ave. in Indianapolis, IN, this property offers adaptable office space suitable for various business needs. The property features a smaller suite on the lower level, or the entire main level with 3,000 to 6,000 square feet. Lease rates and terms are negotiable. The office space includes private conference rooms and common area break rooms. Certain suites offer signage options. The property is located just south of E. 16th St. and Shadeland Ave., providing great visibility and high traffic count. With convenient access to I-465 and I-70, the location is a short drive to downtown Indianapolis and its surrounding areas. The area surrounding the property offers a mix of amenities for office tenants, with proximity to major roadways and public transportation.

Key Highlights

  • Prime location with high visibility and traffic count, just south of E. 16th St. & Shadeland Ave.
  • Excellent access to I‑465 and I‑70, providing a short drive to downtown Indianapolis.
  • Flexible space options: smaller suite on the lower level or entire main level (3,000 - 6,000 SF).

Property Analytics

Current Use

Brian Ciesil American ... Insurance Agency Omega Retirement Plans ... Insurance Agency IMO Marketing Group ... Insurance Agency Diversified Business Systems, ... Business Service Center Home Instead Home Health Care Service

Suggested Use

Top Pick Parking Lot & Garage Law Firm HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Computer & Electronic Repair

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

NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

514
Businesses Nearby

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

Market

Lease Benchmarks for Indianapolis, IN

$21.07 /SF/Yr
Avg Asking Price
$10–$95.52 /SF/Yr
Price Range
6,646 SF
Avg Space Size

This space is priced 22% below the average of $21.07 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office suites available in a convenient Indianapolis location.
Where is this office units located?
The property is located at 1398 Shadeland Ave Indianapolis, IN.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Prime location with high visibility and traffic count, just south of E. 16th St. & Shadeland Ave.; Excellent access to I‑465 and I‑70, providing a short drive to downtown Indianapolis.; Flexible space options: smaller suite on the lower level or entire main level (3,000 - 6,000 SF).
(317) 997-9362 Call to check price and availability
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