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Renovated Office Suite
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8545 US 31 S, Indianapolis, IN 46227

Renovated office space includes three offices, a conference room, reception, and two restrooms, plus a garage with conversion potential.

Property Size1,630 SF
Lot Size0.46 Acres
Days on Market141

Property Features for 8545 US 31 S

General Information

Standard status Active
Size 1,630 SF
Lot size 0.46 Acres
Property subtype Office
Zoning C-1

Site & Location

Traffic Count 52,000 vehicles/day
Highway Access Yes
Road Access Yes

Amenities

3 offices
conference room
two restrooms (one ADA compliant)
reception area
storage space
garage

Building Details

Year Renovated 2016
Stories 1
Listing Agency: Blackwell Commercial Real Estate
Listed By: Melissa Blackwell · License #IN RB15000222
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 10:04AM

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 Blackwell Commercial Real Estate

Investment Insights

Based on property information with market context.

This one-story office building offers renovated space with a layout designed for day-to-day operations, including three offices, a conference room, a reception area, and storage. The property includes two restrooms, with one ADA-compliant. There is also a ramp for accessibility, and a garage that can be turned into additional office space or storage, creating room for expansion.

The building sits on a hard corner of US 31 with access both north and south, and it offers visibility along US 31, listed at 52,000 vehicles per day.

Zoned C-1, the property provides an established office configuration in a commercially oriented setting, with the garage offering practical flexibility for future space planning.

Key Highlights

  • 1,630 SF available office space on 0.46 AC
  • Renovated in 2016 with 3 offices, conference room, reception, and storage
  • Two restrooms including one ADA compliant

Property Analytics

Current Use

Krasutsky & Hervey, LLC Law Firm Aspire Insurance Brokerage Insurance Agency Aspire Tax & Accounting ... Accounting Firm

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Electrical Service Parking Lot & Garage Big Box & Wholesale Store

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

52,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,157
Businesses Nearby

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

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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Frequently Asked Questions

What type of property is this?
Office units - Renovated office space includes three offices, a conference room, reception, and two restrooms, plus a garage with conversion potential.
Where is this office units located?
The property is located at 8545 US 31 S Indianapolis, IN.
What are key features of this property?
This property features: 1,630 SF available office space on 0.46 AC; Renovated in 2016 with 3 offices, conference room, reception, and storage; Two restrooms including one ADA compliant
(317) 384-9756 Call to check price and availability
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