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Modern Flex Space with Warehouse
For Lease
$6,500/Mo per office

1628 S East St, Indianapolis, IN 46225

Adaptable commercial space combines offices, coworking areas, retail potential, and a finished warehouse under one roof.

Space SizeContact for details
Days on Market33

Property Features for 1628 S East St

General Information

Standard status Active

Building Details

Year Built 2021
Listing Agency: Two Chicks Homes
Listed By: Mina Starsiak · License #RB14041669
Source: Megandusing
Added: Jul 28 Changed: Aug 29 Last Checked: Aug 29 at 3:38PM

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 Two Chicks Homes

Investment Insights

Based on property information with market context.

Completed in 2021, this 6,300 SF flex property combines multiple office configurations with coworking areas, retail space, and a finished warehouse. Large windows bring natural light into the interior, while modern finishes and custom-built elements shape the workspace. A glass-enclosed office is positioned near the main entrance, and a rear garage door provides access to the warehouse area. The building also includes a second-floor kitchen with stone countertops and high-end appliances.

The property is located at 1628 S East St in Indianapolis, along the East Street commercial corridor. Restaurants, businesses, recreational facilities, Garfield Park, and Fountain Square are within minutes. Interstate 70 and Interstate 65 are also nearby, while Indianapolis International Airport is approximately a 15-minute drive away. On-site parking includes three spaces at the rear, with capacity for six vehicles parked tandem, plus free street parking around the building.

Key Highlights

  • 6,300 SF flex property completed in 2021
  • Finished warehouse with thickened slab and rear garage door
  • Multiple offices, coworking areas, and retail space

Property Analytics

Current Use

Antigone Books (Bike/Boat/Book/etc) Store TCH Inc. Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith HVAC Service Computer & Electronic Repair Pet Grooming Service Electrical Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

653
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46225, IN

6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$23.17 /SF/Yr
Avg Asking Price
$12–$95.52 /SF/Yr
Price Range
14,704 SF
Avg Space Size

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

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Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial space combines offices, coworking areas, retail potential, and a finished warehouse under one roof.
Where is this flex space located?
The property is located at 1628 S East St Indianapolis, IN.
What is the lease rate?
The lease rate is $6,500/Mo per office.
What are key features of this property?
This property features: 6,300 SF flex property completed in 2021; Finished warehouse with thickened slab and rear garage door; Multiple offices, coworking areas, and retail space
More about this property
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