5002 W 16th St Indianapolis, IN 46224

Building Details

Year Built

1946

Listing agency Keller Williams Indy Metro South

Listed by Josh Moss, SIOR · License #RB14039981

Source Crexi

Added: Mar 31, 2025 Updated: Jul 21 at 7:41PM Checked: Jul 21 at 7:41PM

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Investment Insights

Based on property information with market context.

This multi-tenant corner property includes two office-style suites on the main floor, currently occupied by the owner and a long-time insurance agency tenant. The upper floor has two residential units and offers the ability to expand to three units; the upper units require full renovation.

The building is located within walking distance to the Indianapolis Motor Speedway and Downtown Speedway nightlife, and it includes onsite parking.

The overall configuration supports a combined office and residential use layout, with the main level in place and the upper level positioned for renovation and potential reconfiguration.

Key Highlights

• Multi‑tenant building built in 1946 with two main‑floor office‑style suites and two upper residential units
• Main floor currently leased to a long‑time insurance agency tenant plus the current owner
• Upper floor includes two residential units and may be expandable to three units

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FAQs

What type of property is this?

Office units - Multi-tenant building with two main-floor office suites and two upper residential units, plus onsite parking on a corner lot.

Where is this office units located?

The property is located at 5002 W 16th St Indianapolis, IN.

What are key features of this property?

This property features: Multi‑tenant building built in 1946 with two main‑floor office‑style suites and two upper residential units; Main floor currently leased to a long‑time insurance agency tenant plus the current owner; Upper floor includes two residential units and may be expandable to three units