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Three-Story Office Building

4165 Millersville Road, Indianapolis, IN 46205

For Sale
Contact for pricing

A fully stripped interior leaves the existing structure ready for a new buildout or adaptive reuse, subject to approvals.

Property Size23,016 SF
Lot Size1.07 Acres
Price / SF$23.90
Days on Market47

Property Features for 4165 Millersville Road

General Information

Standard status Active
Size 23,016 SF
Lot size 1.07 Acres
Property subtype Office, Land

Property Condition

Severity Major Repairs Needed
Evidence completely gutted

Site & Location

Neighborhood Meadows

Additional Details

Condition Needs Renovation
Asking Price $550,000

Building Details

Buildings 1
Stories 3
Building Size 23,016 SF
Listing Agency: DMC Real Estate
Listed By: Simon Asef · License CA #01726727
Source: Crexi
Added: Sep 26 Changed: Nov 10 Last Checked: Nov 10 at 6:20AM

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 DMC Real Estate

Rey
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Investment Insights

Based on property information with market context.

The three-story office building contains approximately 23,016 square feet on a 1.07-acre parcel. Its interior has been gutted, leaving the existing structure for renovation or adaptation to another use. The property is offered as-is.

Potential redevelopment uses include office, medical, behavioral health, educational, institutional, residential, and supportive housing, subject to zoning and governmental approvals.

Key Highlights

  • Approximately 23,016 square feet across three stories
  • 1.07‑acre site
  • Gutted interior for redevelopment or renovation

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

life changing solutions ... Home Health Care Service Meadows Community Foundation Charitable Organization Trotter Construction Co ... Construction Company

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Electrical Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

565
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office buildings in Indianapolis

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - A fully stripped interior leaves the existing structure ready for a new buildout or adaptive reuse, subject to approvals.
Where is this office building located?
The property is located at 4165 Millersville Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 23,016 square feet across three stories; 1.07‑acre site; Gutted interior for redevelopment or renovation
(818) 761-4252 Call to check price and availability
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