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4521 Independence Sq, Indianapolis, IN 46203

Vacant, well-maintained space offers a functional layout, ample parking, and access to several permitted commercial uses.

Space Size4,928 SF
Days on Market102

Property Features for 4521 Independence Sq

General Information

Standard status Active
Size 4,928 SF
Property subtype OFFICE

Space & Availability

Condition Move-in Ready
Available From Immediate

Additional Details

Highway Access Yes

Spaces For Lease

at 4521 Independence Sq
4521 Independence Sq, Indianapolis, IN 46203 $18/SF/Yr
Size 4,928 SF
Type OFFICE
Availability AVAILABLE
This is your opportunity to secure a highly visible, highly accessible commercial site in one of Indianapolis’ most connected corridors. Move-In Ready - vacant, well-maintained, and fully positioned for immediate occupancy or investment. Turnkey Features - functional layout with ample parking in a tightening commercial submarket. Unmatched Access - located at 4521 Independence Square, just minutes from I-465, I-65, and I-74. Regional Reach - effortless transit to Downtown Indy, Greenwood, Beech Grove, and surrounding neighborhoods. Built-in Demand - positioned in a high-density area surrounded by steady residential expansion and industrial growth. Versatile Permitted Uses - professional & medical offices, daycare or educational facilities, veterinary clinics & pet services, and small-format retail and neighborhood-serving businesses
Contact us
Listing Agency: F.C. Tucker Company
Listed By: Annie Scott · License #RB15000739
Source: Moodyscre
Added: Jun 29 Changed: Oct 2 Last Checked: Oct 7 at 2:59PM

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 F.C. Tucker Company

Investment Insights

Based on property information with market context.

The 4,928-square-foot office property at 4521 Independence Sq is vacant, well-maintained, and arranged with a functional layout for immediate occupancy. Ample parking is available on site, supporting professional office operations and other approved commercial applications.

Permitted uses identified for the property include professional and medical offices, daycare or educational facilities, veterinary clinics and pet services, and small-format retail or neighborhood-serving businesses. The site is near I-465, I-65, and I-74, with access to Downtown Indianapolis, Greenwood, Beech Grove, and surrounding neighborhoods.

Key Highlights

  • 4,928 square feet of office space
  • Vacant and well‑maintained for immediate occupancy
  • Functional interior layout with ample parking

Property Analytics

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Current Use

Ide Management Group Consultant

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Auto Parts Store Dental Office Gym & Fitness 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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

760
Businesses Nearby

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Indianapolis, IN

$26.15 /SF/Yr
Avg Asking Price
$1.97–$275 /SF/Yr
Price Range
8,654 SF
Avg Space Size

This space is priced 31% below the average of $26.15 /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 units - Vacant, well-maintained space offers a functional layout, ample parking, and access to several permitted commercial uses.
Where is this office units located?
The property is located at 4521 Independence Sq Indianapolis, IN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 4,928 square feet of office space; Vacant and well‑maintained for immediate occupancy; Functional interior layout with ample parking
(317) 902-8622 Call to check price and availability
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