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Single-Tenant Medical Office
For Sale
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Pending

5750 W 56th St, Indianapolis, IN 46254

Single-tenant medical office with a newly extended five-year lease in place under a passive single-net structure.

Days on Market113

Property Features for 5750 W 56th St

General Information

Standard status Pending
Property subtype Office

Building Details

Tenancy Single
Listing Agency: Marcus & Millichap - Orange County
Listed By: Blake Davey · License #CA 01994926
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Jul 30 at 4:05PM

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 Marcus & Millichap - Orange County

Investment Insights

Based on property information with market context.

The subject property is a single-tenant medical office in Indianapolis. The current tenant has maintained historical occupancy for seven years and has just signed a brand-new five-year lease extension. As recently amended, the extension provides for less landlord responsibilities, creating a more passive single-net lease profile for a future owner.

This is a for-sale opportunity to acquire a stabilized medical office asset with an active tenant and an extended lease term.

The property’s investment structure is centered on the amended passive single-net arrangement, with lease performance supported by the tenant’s continued occupancy and the newly executed extension.

Key Highlights

  • Single‑tenant medical office in Indianapolis
  • Current tenant has 7 years of historical occupancy
  • Tenant signed a brand‑new five‑year lease extension

Property Analytics

Current Use

Shalom Health Care ... Medical Clinic Dr. Margarita Wiersema Pediatrician Dr. Hemalatha Hemachandra Pediatrician Kambiz Karimi Physician Hokanson Co Inc Construction Company

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency Restaurant Spa & Massage Center Pharmacy

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

225
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46254, IN

40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
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
Rey
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Similar Off Market Nearby

  • The Paw Patch — 5510 Lafayette Rd, Indianapolis, IN 46254
  • VETERINARY HOSPITAL — Indianapolis, IN 46254

Frequently Asked Questions

What type of property is this?
Medical Office Space - Single-tenant medical office with a newly extended five-year lease in place under a passive single-net structure.
Where is this medical office space located?
The property is located at 5750 W 56th St Indianapolis, IN.
What are key features of this property?
This property features: Single‑tenant medical office in Indianapolis; Current tenant has 7 years of historical occupancy; Tenant signed a brand‑new five‑year lease extension
More about this property
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