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Office Space Near University
For Lease
$10 SF/Yr

3610 Shelby Street, Indianapolis, IN 46227

Office space conveniently located near The University of Indianapolis and minutes from major interstates.

Space SizeContact for details
Days on Market121

Property Features for 3610 Shelby Street

General Information

Standard status Active
Property subtype Office

Additional Details

Highway Access Yes
Listing Agency: CBRE | Indianapolis
Listed By: Jeff Merritt · License #RB14033827
Source: Cbre
Added: May 14 Changed: Sep 8 Last Checked: Sep 11 at 4:48AM

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 CBRE | Indianapolis

Investment Insights

Based on property information with market context.

This offering provides office space in a convenient near-southside location of Indianapolis.

The property is positioned within minutes of I-465, I-65, and the broader US Interstate system, and it is within one block of The University of Indianapolis campus.

For additional details on the specific suite layout, finishes, and availability terms, please inquire with the listing broker.

Key Highlights

  • Office space near The University of Indianapolis
  • Within one block of The University of Indianapolis campus
  • Minutes to I‑465, I‑65, and the US Interstate system

Property Analytics

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Open Analytics

Current Use

FIRST ONSITE Property ... Hardware & Home Improvement Moore Restoration Inc Hardware & Home Improvement Moore Advanced Services ... Community Health Centre

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Real Estate Agency Carpet & Flooring Store Acupuncture Tech Support Center

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

771
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$19.88 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
11,399 SF
Avg Space Size

This space is priced 50% below the average of $19.88 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office building - Office space conveniently located near The University of Indianapolis and minutes from major interstates.
Where is this office building located?
The property is located at 3610 Shelby Street Indianapolis, IN.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Office space near The University of Indianapolis; Within one block of The University of Indianapolis campus; Minutes to I‑465, I‑65, and the US Interstate system
More about this property
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