Office Flex Building For Sale

10022 Lantern Rd, Fishers, IN 46037

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For Sale

Contact for pricing

Office flex building with immediate occupancy in prime location.

Type:Industrial, Office

Property size:

20,669 SF

Price / SF:

$159/SF

HighLights

Prime location in a wealthy and fast‑growing suburb with proximity to Fishers District and major highways (I‑69 & SR 37).
± 7,100 SF available for immediate occupancy in a ± 20,669 SF office flex building.
High‑end interior finish quality.
Abundance of natural light throughout the building.
Three (3) drive‑in doors.
± 4.89 / 1,000 SF parking ratio with a fully repaired parking lot.

We can help!

Contact an agent

Andrew Urban

For Sale

Contact for pricing

Office flex building with immediate occupancy in prime location.

Type:Industrial, Office

Property size:

20,669 SF

Price / SF:

$159/SF

Added:: May 20, 2025
Days on Market:: 403
Last Refresh:: Mar 17 at 1:18 pm

Property Features for 10022 Lantern Rd

General Information

Standard status: Active
Size: 20,669 SF
Property subtype: Industrial, Office

We can help!

Contact an agent

Andrew Urban

Listing office Colliers - Indianapolis, Indiana

Listing date May 20, 2025

Source Crexi

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 - Indianapolis, Indiana

HighLights

Prime location in a wealthy and fast‑growing suburb with proximity to Fishers District and major highways (I‑69 & SR 37).
± 7,100 SF available for immediate occupancy in a ± 20,669 SF office flex building.
High‑end interior finish quality.
Abundance of natural light throughout the building.
Three (3) drive‑in doors.
± 4.89 / 1,000 SF parking ratio with a fully repaired parking lot.

Overview

This office flex building offers approximately 20,669 square feet, with about 7,100 square feet available for immediate occupancy. The property is situated in a prime location within a rapidly growing suburban area. Its location provides proximity to the Fishers District, various amenities, and convenient access to I-69 and SR 37. The building features abundant natural light and high-end interior finishes. It also includes three drive-in doors. The parking ratio is approximately 4.89 per 1,000 square feet. The parking lot has been fully repaired with new painted lines, sealed cracks, and fresh paving. The property is intended for commercial real estate use.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$434.0k	$21.00
− Vacancy	−$80.3k	−$3.89
EGI	$353.7k	$17.12
− OpEx	−$88.4k	−$4.28
NOI	$265.3k	$12.84

20,669 SF · lease $21.00/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.79M

$3.32M – $4.42M (±1% cap)

NOI $265,312 @ 7.0% cap · market cap 8.04%

Second Best

Flex RnD

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $176,050 @ 7.0% cap · market cap 5.33%

Theoretical Best

Office A

$5.09M

$4.45M – $5.94M (±1% cap)

NOI $356,218 @ 7.0% cap · market cap 10.79%

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

Property Profile Location Intelligence

Current Use by Public Records

Recovery Force Health ... Hospital Equipment And Supplies Recovery Force, LLC Corporate Office FedEx Drop Box Postal Service PreGame Global Headquarters Corporate Office Sarcom Inc IT Consulting Firm

Suggested Use

Location Insight

Map
Local Demand

City: Fishers
County: Hancock
State: Indiana
Longitude: -86.014311
Latitude: 39.9334726

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For sale
Flex space
IN
Fishers
46037
10022 Lantern Rd

What type of property is this?

Flex space - Office flex building with immediate occupancy in prime location.

Where is this flex space located?

The property is located at 10022 Lantern Rd Fishers, IN.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Prime location in a wealthy and fast‑growing suburb with proximity to Fishers District and major highways (I‑69 & SR 37).; **± 7,100 SF available for immediate occupancy** in a ± 20,669 SF office flex building.; **High‑end interior finish quality.**

10022 Lantern Rd, Fishers, IN 46037

Office flex building with immediate occupancy in prime location.

Property Features for 10022 Lantern Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Updated Office Space in Fishers

Flexible Space in Nickel Plate

Fishers Office Suite For Sale

Three-Story Office Building For Sale

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Established Restaurant Business For Sale

Class A Office Building

Absolute NNN Lease Investment

New Retail Investment Opportunity

Retail Space on Allisonville Road

42,859 SF Flex/Industrial Property

Former Kroger Building For Sale

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