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    8901 Otis Ave Indianapolis, IN 46216

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    For Sale
    $6,950,000

    1939 barracks building with income-producing tenants, ready for occupancy.

    Property size:
    62,162 SF
    Lot size:
    5.01 Acres

    Property Features for 8901 Otis Ave

    General Information

    Size
    62,162 SF
    Lot size
    5.01 Acres

    Source: CBRE | Indianapolis Agent Jeff Merritt

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

    Overview

    Historical Barracks Building For Sale

    Constructed in 1939, this property originally served as a barracks. The building is partially leased to income-producing tenants with varying lease expirations. It is suitable for owner/user occupancy. The mechanical systems and roof are in good condition. There are 170 parking spaces, with additional ground available for expansion. Located approximately 2 miles east of I-465, the property benefits from numerous nearby amenities. The building has a total area of 62162 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Powless Law Firm, ... Personal Injury Attorney TiER1 Performance Indianapolis Consultant Bike Parking Bicycle Rack Schneider Geospatial Software Company THE SCHNEIDER CORPORATION Surveyor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.01218
    Latitude
    39.856017

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    FAQs

    What type of property is this?
    Office building - 1939 barracks building with income-producing tenants, ready for occupancy.
    Where is this office building located?
    The property is located at 8901 Otis Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: - Ready for Owner/User occupancy; - 170 Parking Spaces with excess ground for expansion; - Partially leased by income producing Tenants
    (317) 269-1000
    Request Owner's contact information
    8901 Otis Ave Indianapolis, IN 46216
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    Indianapolis, IN 46216
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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
    8901 Otis Ave Indianapolis, IN 46216
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