Freestanding Medical Office
For Sale
Contact for pricing
5155 Pennwood Drive, Indianapolis, IN 46205
Freestanding office building featuring a high-density clinical build-out suitable for medical and related headquarters.
Property Size11,948 SF
Price / SF$125.54
Days on Market133
Property Features for 5155 Pennwood Drive
General Information
Standard status
Active
Size
11,948 SF
Class
B
Total Parking Spaces
50
Property subtype
Office
Zoning
C-3, SU-7
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2008
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Listing Agency:
92c Partners
Listed By:
Whitney Gurman Roberts · License #RB18001960
Source:
Crexi
Added: Apr 29
Changed: Sep 3
Last Checked: Sep 7 at 2:03AM
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 92c Partners
Investment Insights
Based on property information with market context.
This freestanding office building is designed with a high-density clinical build-out, making it well-suited for organizations seeking ready-to-operate space. The property is positioned as a professional office environment, pairing the functionality of a clinical configuration with the overall feel of an office park setting.
The building is located at 5155 Pennwood Drive in Indianapolis, Indiana, and is presented as an attractive option for medical, behavioral health, or nonprofit headquarters use based on the existing interior build-out and configuration.
The building is located at 5155 Pennwood Drive in Indianapolis, Indiana, and is presented as an attractive option for medical, behavioral health, or nonprofit headquarters use based on the existing interior build-out and configuration.
Key Highlights
- Freestanding office building built in 2008
- High‑density clinical build‑out designed for medical use and related headquarters
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding office building featuring a high-density clinical build-out suitable for medical and related headquarters.
Where is this medical office space located?
The property is located at 5155 Pennwood Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding office building built in 2008; High‑density clinical build‑out designed for medical use and related headquarters
