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Office Space with New Finishes
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5450 Emerson Way, Indianapolis, IN

Lower level office space with new finishes and LED lighting.

Property Size3,500 SF
Lot Size3.55 Acres
Days on Market1096

Property Features for 5450 Emerson Way

General Information

Standard status Active
Size 3,500 SF
Lot size 3.55 Acres
Property subtype OFFICE
Listing Agency: Colliers
Listed By: Huston Spencer
Source: Moodyscre
Added: Aug 1, 2023 Changed: Jul 6 Last Checked: Jul 21 at 6:02AM

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 Colliers

Investment Insights

Based on property information with market context.

This lower-level office space offers approximately 3,500 square feet. The space features new finishes and upgraded LED lighting. Exterior signage is available for select users. The property includes 54 parking spaces. It is located close to amenities and restaurants.

Key Highlights

  • ± 3,500 SF of lower level space available
  • 54 auto parking spaces
  • New finishes with LED lighting upgrades**

Property Analytics

Current Use

Dollar General Grocery & Convenience Store Western Union Bank KeyMe Locksmiths Locksmith

Suggested Use

Top Pick Dental Office Nail Salon Real Estate Agency Electrical Service Bakery (Bike/Boat/Book/etc) 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

NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

270
Businesses Nearby

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 48% 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
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Frequently Asked Questions

What type of property is this?
Office units - Lower level office space with new finishes and LED lighting.
Where is this office units located?
The property is located at 5450 Emerson Way Indianapolis, IN.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: ± 3,500 SF of lower level space available; 54 auto parking spaces; New finishes with LED lighting upgrades**
(317) 713-2130 Call to check price and availability
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