Multi-Building Office
For Sale
$3,500,000
5101 5103 5105 Madison Avenue, Indianapolis, IN 46227
Three contiguous office buildings offer flexible configurations across multiple parcels for individual or portfolio acquisition.
Property Size32,600 SF
Lot Size3.00 Acres
Price / SF$107.36
Days on Market154
Property Features for 5101 5103 5105 Madison Avenue
General Information
Standard status
Active
Size
32,600 SF
Class
B
Lot size
3.00 Acres
Property subtype
Office
Building Details
Building Size
32,600 SF
Year Built
1979
Tenancy
Multi
Listing Agency:
ALO Property Group
(317) 281-8847
Listed By:
Ralph Balber · License #RB14044276
(317) 281-8847
Source:
Alopg
Added: Mar 28
Changed: Aug 26
Last Checked: Aug 28 at 7:15AM
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 ALO Property Group
Investment Insights
Based on property information with market context.
5101, 5103, and 5105 Madison Avenue comprise a multi-building office portfolio totaling 32,600 SF on approximately 3.00 acres. The offering includes three office buildings constructed in 1970, 1998, and 2000, arranged across three contiguous parcels, with one two-story structure and two single-story buildings.
The buildings can be acquired individually or together as a portfolio, and the current configuration is described as suitable for multi-tenant occupancy or owner-user integration. An adjacent fourth building is also available separately, with the option to structure the transaction as a sale-leaseback.
This portfolio is positioned to support multiple investment approaches, including stabilized holding, phased acquisition, or strategic repositioning, based on how the buyer structures acquisition and operations.
The buildings can be acquired individually or together as a portfolio, and the current configuration is described as suitable for multi-tenant occupancy or owner-user integration. An adjacent fourth building is also available separately, with the option to structure the transaction as a sale-leaseback.
This portfolio is positioned to support multiple investment approaches, including stabilized holding, phased acquisition, or strategic repositioning, based on how the buyer structures acquisition and operations.
Key Highlights
- 32,600 SF multi‑building office portfolio at 5101, 5103, and 5105 Madison Avenue
- Three office buildings on approximately 3.00 acres across three contiguous parcels
- Buildings constructed in 1970, 1998, and 2000; includes one two‑story structure and two single‑story buildings
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three contiguous office buildings offer flexible configurations across multiple parcels for individual or portfolio acquisition.
Where is this office building located?
The property is located at 5101 5103 5105 Madison Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 32,600 SF multi‑building office portfolio at 5101, 5103, and 5105 Madison Avenue; Three office buildings on approximately 3.00 acres across three contiguous parcels; Buildings constructed in 1970, 1998, and 2000; includes one two‑story structure and two single‑story buildings
