Office Building with Detached
For Lease
$6,900/Mo
2131 E 54th Street, Indianapolis, IN 46220
Commercial Lease, Indianapolis, IN
Space Size5,530 SF
Lot Size0.64 Acres
Days on Market142
Property Features for 2131 E 54th Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C-1
Fencing
Privacy
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4903 - Marion - Washington
Standard status
Active
APN
490707141015000801
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Malott Park Pt Ol 5 Beg 255Ft E Of Nw Cor S184.29Ft E 180Ft N 184.29Ft W 180Ft To Beg0.641Ac
Legal Description
Malott Park Pt Ol 5 Beg 255Ft E Of Nw Cor S184.29Ft E 180Ft N 184.29Ft W 180Ft To Beg0.641Ac
Amenities
fenced outdoor area
detached garage
Building Details
Year built
1964
Floors in Building
1
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
(317) 564-7100
Listed By:
Sharon Stamper Thompson · License ##RB14044406
(317) 564-7100
Added: Apr 9
Changed: Aug 20
Last Checked: Aug 28 at 7:06AM
MLS# 22093638
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1964, this 5,530-square-foot office building is configured for flexible occupancy and can accommodate one to three users. The property includes a fenced outdoor area and a detached 22' x 24' garage, adding practical support space beyond the main structure. Prior uses included daycare, church, and office functions.
The property encompasses 0.64 acres in Indianapolis’s Broad Ripple area, with access and exposure along the north Indianapolis corridor. C-1 zoning supports the current office classification, while the building’s prior use history reflects a range of institutional and professional applications.
The property encompasses 0.64 acres in Indianapolis’s Broad Ripple area, with access and exposure along the north Indianapolis corridor. C-1 zoning supports the current office classification, while the building’s prior use history reflects a range of institutional and professional applications.
Key Highlights
- 5,530‑square‑foot office building on 0.64 acres
- C‑1 zoning
- Layout supports one to three users
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
Market
Lease Benchmarks for Indianapolis, IN
$20.48 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
12,891 SF
Avg Space Size
This space is priced 27% below the average of $20.48 /SF/Yr.
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible C-1 office property with a fenced outdoor area and adaptable layout for multiple users.
Where is this office building located?
The property is located at 2131 E 54th Street Indianapolis, IN.
What is the lease rate?
The lease rate is $6,900/Mo.
What are key features of this property?
This property features: 5,530‑square‑foot office building on 0.64 acres; C‑1 zoning; Layout supports one to three users
