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Office Building with Multiple Entrances
New
For Sale
$800,000

1202 S Lynhurst Dr, Indianapolis, IN 46241

C4-zoned office property with chapel areas, private offices, storage, and convenient access to I-465 and I-70.

Property Size8,311 SF
Price / SF$96.26
Days on Market2

Property Features for 1202 S Lynhurst Dr

General Information

Standard status Active
Size 8,311 SF
Zoning C4

Additional Details

Highway Access Yes
Listing Agency: Carpenter, REALTORS
Listed By: Tracy Bailey
Source: Eveloteam
Added: Sep 4 Last Checked: Sep 4 at 3:21PM

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 Carpenter, REALTORS

Investment Insights

Based on property information with market context.

Located at 1202 S Lynhurst Drive, this 8,311-square-foot office building includes 7,861 square feet of finished space and a 450-square-foot attached garage. The existing configuration includes three large chapel areas, offices, storage rooms, multiple entrances, separate stall restrooms, and a living area with kitchenette and full bathroom. The property is currently operating as a funeral home.

C4 zoning supports a range of listed uses, including business offices, emergency shelter, community centers, museums, libraries, galleries, religious uses, medical and dental offices, clinics, and financial or insurance services. The property is minutes from I-465 and Sam Jones Parkway/I-70. A neighboring owner may be open to an agreement covering parking lot maintenance and use for additional parking solutions.

Key Highlights

  • 8,311 SF total space, including 7,861 SF of finished building area
  • 450 SF attached garage
  • Three large chapel areas with offices, storage, and multiple entrances

Property Analytics

Current Use

Lynhurst Family Mortuary ... Social Service Agency Singleton Community Mortuary ... Social Service Agency Anatomy Sharing Network Social Service Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Dental Office Hair Salon

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

510
Businesses Nearby

Demographics for 46241, IN

33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Office building - C4-zoned office property with chapel areas, private offices, storage, and convenient access to I-465 and I-70.
Where is this office building located?
The property is located at 1202 S Lynhurst Dr Indianapolis, IN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 8,311 SF total space, including 7,861 SF of finished building area; 450 SF attached garage; Three large chapel areas with offices, storage, and multiple entrances
More about this property
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