Back to Search

Indianapolis Commercial Property for Sale

5214 S East St, Indianapolis, IN 46227

View on Map

For Sale

$3,680,000

Commercial property in Indianapolis with strategic access and growth potential.

Type:Office

Property size:

39,153 SF

Price / SF:

$93/SF

HighLights

Strategic transportation access: Immediate connectivity to US‑31, I‑65, and I‑465.
Access to a growing suburban workforce with proximity to the broader Indianapolis labor pool.
Competitive cost structure: Lower occupancy and operating costs.
Pro‑business environment with ongoing reinvestment and local support.
Population growth in Greenwood and surrounding areas.
Strong economic drivers due to proximity to Downtown Indianapolis, regional retail, and healthcare.

We can help!

Listing Contact

Joseph DiSalvo

Learn more

For Sale

$3,680,000

Commercial property in Indianapolis with strategic access and growth potential.

Type:Office

Property size:

39,153 SF

Price / SF:

$93/SF

Added:: Apr 9, 2026
Days on Market:: 66
Last Refresh:: Apr 9 at 8:05 pm

Property Features for 5214 S East St

General Information

Standard status: Active
Size: 39,153 SF
Property subtype: Office

Building Details

Year Built: 1986

We can help!

Listing Contact

Joseph DiSalvo

Listing agent Joseph DiSalvo License #License(s): IN: RB14051407

Listing office Marcus & Millichap | Indianapolis

Listing date Apr 9, 2026

Source Marcusmillichap

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 Marcus & Millichap | Indianapolis

HighLights

Strategic transportation access: Immediate connectivity to US‑31, I‑65, and I‑465.
Access to a growing suburban workforce with proximity to the broader Indianapolis labor pool.
Competitive cost structure: Lower occupancy and operating costs.
Pro‑business environment with ongoing reinvestment and local support.
Population growth in Greenwood and surrounding areas.
Strong economic drivers due to proximity to Downtown Indianapolis, regional retail, and healthcare.

Overview

This commercial property is located in Greenwood and the surrounding Southern Indianapolis region, an area that continues to attract industrial and residential investment due to population growth, residential expansion, and strategic access to I-65 and I-465. The location supports local business demand, growth in medical office, professional services, and small business users, as well as the expansion of retail and service corridors along US-31. Office parks and commercial corridors in the submarket experience stable tenant demand, with ongoing reinvestment and repositioning of existing assets. The property benefits from proximity to Downtown Indianapolis, a regional retail and commercial concentration along the US-31 corridor, and a strong healthcare presence. It also offers immediate connectivity to US-31, I-65, and I-465, providing efficient access to Downtown Indianapolis and regional markets. The area has a growing suburban workforce and competitive occupancy and operating costs. The property is situated within a pro-business environment with ongoing reinvestment and local support for commercial development along key corridors. The property size is 39153 square feet.

Location Intelligence

Current Use by Public Records

John Steinkamp and Associates Law Firm Keri B. Fagg, ... Physician Tamara L. Gasaway, ... Physician Brian A. Horner, PT Physician Lindsey M. Lauderdale, ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.149816
Latitude: 39.691271

Nearby Similar for Sale

$685,000

Restaurant/QSR With Drive-Thru Potential

Restaurant-ready space with recent upgrades, signalized access, and prominent visibility along a major northside retail corridor.

5527 N Keystone Avenue, Indianapolis, IN 46220

View Details
$149,000

6,022 SF

Value-Add Commercial Opportunity in Indianapolis

Four-unit commercial property for renovation and repositioning near downtown.

3427 W Michigan Street, Indianapolis, IN 46222

View Details
$550,000

Hard-Corner Retail/Office Building

C-3 zoned building on a hard corner with strong traffic exposure, onsite parking, and flexible retail or office use.

5243 Rockville Road, Indianapolis, IN 46224

View Details
$260,000

1,996 SF

Freestanding Office Building on Shadeland

Single-story office building on 0.30 acres, C-1 zoning.

1109 N Shadeland Avenue, Indianapolis, IN 46219

View Details
$399,000

2,274 SF

Freestanding Office Building on Shadeland

Single-story office building with C-1 zoning in Indianapolis.

1101 N Shadeland Avenue, Indianapolis, IN 46219

View Details
$560,000

Flexible Office Building with Detached Garage

C-1 zoned building with a fenced outdoor area and detached garage, suited for office or education-oriented uses.

2131 E 54th Street, Indianapolis, IN 46220

View Details
$2,475,000

Renovated Office Flex Complex

Multi-tenant office and flex space with common parking and five leasable suites offering flexible occupancy options.

9130 Otis Avenue, Indianapolis, IN 46216

View Details
$4,350,000

Heavy Industrial Dock-High Warehouse

49,000 SF heavy industrial facility with multiple dock-high doors, office buildout, and 16'4" clear height.

2334 Production Drive, Indianapolis, IN 46241

View Details
$1,000,000

Corner Two-Tenant Retail and Auto Site

Remodeled two-tenant corner property in C-5 zoning, positioned for retail and auto-related business uses near major corridors.

1121 E Troy Avenue, Indianapolis, IN 46203

View Details
$700,000

Multi-Office Building with Private Parking

Commercial-office building with 16 offices, large windows, and a private parking lot near major thoroughfares.

1300 N Pennsylvania Street, Indianapolis, IN 46202

View Details
$1,200,000

Auto Shop with Paint Booth

Automotive repair facility with a custom paint booth, office, and multiple work bays supported by front and rear vehicle access.

7086 Southeastern Avenue, Indianapolis, IN 46239

View Details
$1,499,999

10,789 SF

Keystone Avenue Redevelopment Opportunity

1.63 acres with flexible zoning in evolving urban area.

4498 North Keystone Avenue, Indianapolis, IN 46205

View Details

For sale
Office buildings
IN
Indianapolis
46227
5214 S East St

What type of property is this?

Office building - Commercial property in Indianapolis with strategic access and growth potential.

Where is this office building located?

The property is located at 5214 S East St Indianapolis, IN.

What is the asking price?

The asking price for this property is $3,680,000.

What are key features of this property?

This property features: Strategic transportation access: Immediate connectivity to US‑31, I‑65, and I‑465.; Access to a growing suburban workforce with proximity to the broader Indianapolis labor pool.; Competitive cost structure: Lower occupancy and operating costs.

5214 S East St, Indianapolis, IN 46227

Commercial property in Indianapolis with strategic access and growth potential.

Property Features for 5214 S East St

General Information

Building Details

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

FAQs

Create New Password