Two-Bay Flex
5108 Topp Drive E, Indianapolis, IN 46218
For Lease
New
$1,500-$2,500/Mo
Commercial Lease, Indianapolis, IN
Space Size800 SF - 2,500 SF
Lot Size0.30 Acres
Days on Market2
Property Features for 5108 Topp Drive E
General Information
Property type
Property subtype
Zoning
Parking features
Security features
Fencing
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
electric fence
gated entrance
mechanics room
Building Details
Year built
Floors in Building
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Jason Alsup · License IN RB14035549
(812) 734-6048
Added: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 22135727
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property contains two distinct spaces: an 800-square-foot office with a designated area in the storage yard for vehicles and equipment, and a 1,700-square-foot shop with two bays and a separate mechanics room. The spaces may be leased individually or together. The property sits on a 0.3-acre lot and has I2 zoning.
An electric fence and gated entrance secure the property. The shop configuration supports vehicle or equipment repair, fleet maintenance, and fabrication, while the office space includes an area for equipment storage.
An electric fence and gated entrance secure the property. The shop configuration supports vehicle or equipment repair, fleet maintenance, and fabrication, while the office space includes an area for equipment storage.
Key Highlights
- 1,700‑square‑foot shop with two bays and a separate mechanics room
- 800‑square‑foot office with designated storage‑yard area for vehicles and equipment
- Two spaces can be leased separately or together
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Service bays
Yes
Fenced yard
NNN (Triple Net)
Lease Type
$2.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$12.49 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
9,446 SF
Avg Space Size
This space is priced 41% above the average of $12.49 /SF/Yr.
Properties on Market for Flex space in Indianapolis
Vacancy Rate% for Industrial in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Flex space - Separate suites offer office and equipment-storage space alongside a service shop.
Where is this flex space located?
The property is located at 5108 Topp Drive E Indianapolis, IN.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: 1,700‑square‑foot shop with two bays and a separate mechanics room; 800‑square‑foot office with designated storage‑yard area for vehicles and equipment; Two spaces can be leased separately or together
