Standalone Office Building with
4929 E 96th Street, Indianapolis, IN 46240
New
SINGLE_FAMILY - Indianapolis, IN
Type:Office
Property size:
11,780 SFLot size:
1.34 AcresPrice / SF:
$250/SF- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 7:06 pm
Property Features for 4929 E 96th Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Commercial General Office
- Standard status
- Active
- APN
- 490216009003000800
- Lot size
- 1.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 49-02-16-109-003.000-800 AND 49-02-16-109-006.000-800 (Outlot #1 of the River Ridge Crossing Shopping Center?
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air, Natural Gas, Electric (Heating)
- Cooling system
- Central Air
- Water front features
- Lake Front
- Water front
- 1
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Roof type
- Flat
Listing agent Mick Scheetz (317) 844-5111
Listing office CENTURY 21 Scheetz 270, Indianapolis, IN (317) 844-5111
Listing date Jun 25, 2026
MLS# 22110521
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.
HighLights
- 11,780 SF standalone office building on a 1.2‑acre lakefront lot
- Built in 2004 with remodeled improvements and windows on all sides for abundant natural light
- 28 private offices plus open work areas with built‑in workstations
- Multiple conference rooms, front lobby, and full kitchen
- Multiple entrances for flexible client access or departmental separation
- Central air with forced‑air heating; flat roof; sprinkler and alarm system; ample on‑site parking
Overview
This standalone office building totals 11,780 SF and is situated on a lakefront lot. Built in 2004 and remodeled, the property features a functional interior layout designed for day-one occupancy, including 28 private offices, open work areas with built-in workstations, multiple conference rooms, a front lobby, and a full kitchen. The building also includes multiple entrances, supporting flexible client access and potential separation of departmental operations, along with sprinkler and alarm systems.
The site is described as highly visible and accessible, located at the gateway to Carmel and Fishers. The property sits on a 1.2-acre lakefront lot and offers ample on-site parking for employees and visitors. The listing also notes easy access to the interstate and major throughfares.
For tenants, buyers, and owner-users, the configuration supports a traditional professional office environment with both private and collaborative work settings, plus dedicated conference space and an in-building kitchen. Multiple entrances can help streamline day-to-day flow for staff and clients, while the presence of offices on all sides and abundant natural light may improve the day-to-day workplace experience. The property is marketed as move-in ready with connectivity noted in the listing, and it is positioned under Commercial General Office zoning.
The site is described as highly visible and accessible, located at the gateway to Carmel and Fishers. The property sits on a 1.2-acre lakefront lot and offers ample on-site parking for employees and visitors. The listing also notes easy access to the interstate and major throughfares.
For tenants, buyers, and owner-users, the configuration supports a traditional professional office environment with both private and collaborative work settings, plus dedicated conference space and an in-building kitchen. Multiple entrances can help streamline day-to-day flow for staff and clients, while the presence of offices on all sides and abundant natural light may improve the day-to-day workplace experience. The property is marketed as move-in ready with connectivity noted in the listing, and it is positioned under Commercial General Office zoning.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $254.4k | $21.60 |
| − Vacancy | −$47.1k | −$4.00 |
| EGI | $207.4k | $17.60 |
| − OpEx | −$51.8k | −$4.40 |
| NOI | $155.5k | $13.20 |
11,780 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,531 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,255 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Dominion Title
Title Company
Dante Fiore, CENTURY ...
Real Estate Agency
Ryan Morris - Realtor ...
Real Estate Agency
Molly Creamer, Creamer ...
Real Estate Agency
The Geesaman Team
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.086484
- Latitude
- 39.926555
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Move-in ready office building with 28 private offices, conference rooms, and multiple entrances on a lakefront lot.
Where is this office building located?
The property is located at 4929 E 96th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 11,780 SF standalone office building on a 1.2‑acre lakefront lot; Built in 2004 with remodeled improvements and windows on all sides for abundant natural light; 28 private offices plus open work areas with built‑in workstations
