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Three-Building Office Portfolio

5101-5105 Madison Ave, Indianapolis, IN 46227

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For Sale

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Multi-building office portfolio spanning three contiguous parcels, offered individually or together for multi-tenant or owner-user use.

Type:OFFICE

Property size:

32,600 SF

Lot size:

3.00 Acres

Price / SF:

$107/SF

HighLights

32,600 SF multi‑building office portfolio across three contiguous parcels
Three buildings: 5101 (two‑story), 5103 (single‑story), and 5105 (single‑story)
Constructed in 1979 (5103), 1980 (5101), and 1987 (5105)
Total site is approximately 3.00 acres with three contiguous parcels
Buildings are available individually or as a portfolio acquisition
Adjacent fourth building available separately, with potential sale‑leaseback

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Listing Contact

Ralph Balber

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For Sale

Contact for pricing

Multi-building office portfolio spanning three contiguous parcels, offered individually or together for multi-tenant or owner-user use.

Type:OFFICE

Property size:

32,600 SF

Lot size:

3.00 Acres

Price / SF:

$107/SF

Added:: Jun 5, 2026
Days on Market:: 8
Last Refresh:: Jun 10 at 2:31 am

Property Features for 5101-5105 Madison Ave

General Information

Standard status: Active
Size: 32,600 SF
Lot size: 3.00 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Ralph Balber

Listing agent Ralph Balber License #RB14044276

Listing office Alo Property Group

Listing date Jun 5, 2026

Source Moodyscre

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 Alo Property Group

HighLights

32,600 SF multi‑building office portfolio across three contiguous parcels
Three buildings: 5101 (two‑story), 5103 (single‑story), and 5105 (single‑story)
Constructed in 1979 (5103), 1980 (5101), and 1987 (5105)
Total site is approximately 3.00 acres with three contiguous parcels
Buildings are available individually or as a portfolio acquisition
Adjacent fourth building available separately, with potential sale‑leaseback

Overview

This offering is a three-building office portfolio totaling 32,600 square feet across three contiguous parcels. The buildings include a two-story office building at 5101 and two single-story office buildings at 5103 and 5105. The properties were constructed in 1980 (5101), 1979 (5103), and 1987 (5105). The portfolio is available as a complete acquisition or as individual building purchases.

The buildings are located on approximately 3.00 acres and are spread across separate parcels, which can simplify separate ownership or multi-tenant operation depending on the strategy. A fourth adjacent building is also available separately, with the seller noting potential sale-leaseback consideration for that additional structure.

For tenants, investors, or owner-users evaluating office space options, the configuration provides flexibility to acquire a single building or assemble a broader portfolio footprint. With three buildings at different construction vintages and a mix of single- and two-story layouts, the asset can support both multi-tenant investment strategies and consolidated owner-occupied plans, subject to each party’s operating and occupancy goals.

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.135167
Latitude: 39.691575

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For sale
Office buildings
IN
Indianapolis
46227
5101-5105 Madison Ave

What type of property is this?

Office building - Multi-building office portfolio spanning three contiguous parcels, offered individually or together for multi-tenant or owner-user use.

Where is this office building located?

The property is located at 5101-5105 Madison Ave Indianapolis, IN.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 32,600 SF multi‑building office portfolio across three contiguous parcels; Three buildings: 5101 (two‑story), 5103 (single‑story), and 5105 (single‑story); Constructed in 1979 (5103), 1980 (5101), and 1987 (5105)

5101-5105 Madison Ave, Indianapolis, IN 46227

Multi-building office portfolio spanning three contiguous parcels, offered individually or together for multi-tenant or owner-user use.

Property Features for 5101-5105 Madison Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Value-Add Commercial Opportunity in Indianapolis

Hard-Corner Retail/Office Building

Freestanding Office Building on Shadeland

Freestanding Office Building on Shadeland

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Keystone Avenue Redevelopment Opportunity

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