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    5224 S East St Indianapolis, IN 46227

    For Sale
    $2,100,000

    39,812 SF office building with below-market rents for sale.

    Property size:
    39,812 SF
    Lot size:
    1.69 Acres

    Property Features for 5224 S East St

    General Information

    Size
    39,812 SF
    Lot size
    1.69 Acres

    Source: Premier Commercial Real Estate Services, Inc. Agent Will Conway

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Office Building Investment Opportunity

    This 39,812 square foot building located on S. East St. in Indianapolis is an office building suitable for investors. The property offers spaces ranging from 1,102 to 2,980 square feet. The property is presented as a long-term equity building opportunity with control over workspace. The property has below-market rents.
    Location Intelligence

    Current Use by Public Records

    Frontline Technical Sales ... Industrial Equipment Supplier Dr. Patrick J. ... Family Practice Physician Dr. Jeffrey M. ... Family Practice Physician Dr. H G. ... Family Practice Physician Zen Penguin Wellness Alternative Medicine Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.149818
    Latitude
    39.690888

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    FAQs

    What type of property is this?
    Office building - 39,812 SF office building with below-market rents for sale.
    Where is this office building located?
    The property is located at 5224 S East St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - 39,812 SF building offers a prime investment opportunity.; - Spaces range from 1,102 to 2,980 square feet.; - Ideal space for office building investors.
    (317) 379-6334
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    5224 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
    5224 S East St Indianapolis, IN 46227
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