Three-Building Office
For Sale
Contact for pricing
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 Size32,600 SF
Lot Size3.00 Acres
Price / SF$107.36
Days on Market100
Property Features for 5101-5105 Madison Ave
General Information
Standard status
Active
Size
32,600 SF
Lot size
3.00 Acres
Property subtype
OFFICE
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Alo Property Group
(317) 853-7500
Listed By:
Ralph Balber · License #RB14044276
(317) 281-8847
Source:
Moodyscre
Added: Jun 5
Changed: Sep 9
Last Checked: Sep 11 at 9:02AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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)
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
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Market
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
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)
