Mixed-Use Corner Office
For Sale
Contact for pricing
Pending
5002 W 16th St, Indianapolis, IN 46224
Multi-tenant building with two main-floor office suites and two upper residential units, plus onsite parking on a corner lot.
Property Size4,345 SF
Days on Market524
Property Features for 5002 W 16th St
General Information
Standard status
Pending
Size
4,345 SF
Class
C
Total Parking Spaces
14
Property subtype
Multifamily, Office
Zoning
C-1
Lease Type
Gross
Investment Type
Value Add
Units
Multifamily Units
2
Office Units
2
Building Details
Year Built
1946
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Keller Williams Indy Metro South
Listed By:
Josh Moss, SIOR · License #RB14039981
Source:
Crexi
Added: Mar 31, 2025
Changed: Aug 8
Last Checked: Jul 24 at 5:33PM
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 Keller Williams Indy Metro South
Investment Insights
Based on property information with market context.
This multi-tenant corner property includes two office-style suites on the main floor, currently occupied by the owner and a long-time insurance agency tenant. The upper floor has two residential units and offers the ability to expand to three units; the upper units require full renovation.
The building is located within walking distance to the Indianapolis Motor Speedway and Downtown Speedway nightlife, and it includes onsite parking.
The overall configuration supports a combined office and residential use layout, with the main level in place and the upper level positioned for renovation and potential reconfiguration.
The building is located within walking distance to the Indianapolis Motor Speedway and Downtown Speedway nightlife, and it includes onsite parking.
The overall configuration supports a combined office and residential use layout, with the main level in place and the upper level positioned for renovation and potential reconfiguration.
Key Highlights
- Multi‑tenant building built in 1946 with two main‑floor office‑style suites and two upper residential units
- Main floor currently leased to a long‑time insurance agency tenant plus the current owner
- Upper floor includes two residential units and may be expandable to three units
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 46224, IN
38,822
Population
16,912
Households
2.3
Avg Household Size
32
Median Age
24%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
5,392
Density / Sq Mi
$53,731
Median Household Income
$35,726
Median Earnings
$1,048
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Office units - Multi-tenant building with two main-floor office suites and two upper residential units, plus onsite parking on a corner lot.
Where is this office units located?
The property is located at 5002 W 16th St Indianapolis, IN.
What are key features of this property?
This property features: Multi‑tenant building built in 1946 with two main‑floor office‑style suites and two upper residential units; Main floor currently leased to a long‑time insurance agency tenant plus the current owner; Upper floor includes two residential units and may be expandable to three units
