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Indianapolis Office Building Investment Opportunity

5218 S East St, Indianapolis, IN

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For Sale

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5,775 SF office building with customizable interiors and flexible floorplans.

Type:OFFICE

Property size:

5,775 SF

Lot size:

1.15 Acres

Price / SF:

$147/SF

HighLights

Prime location just off US 31 and close to I‑465.
Opportunity for long‑term equity building.
Below‑market rents offer immediate investment potential.
Flexible floor plans allow for customizable interiors.
Building size of 5,775 SF.
Suites range from 1,102 to 2,980 square feet.

We can help!

Listing Contact

Will Conway

Learn more

For Sale

Contact for pricing

5,775 SF office building with customizable interiors and flexible floorplans.

Type:OFFICE

Property size:

5,775 SF

Lot size:

1.15 Acres

Price / SF:

$147/SF

Added:: Jun 24, 2025
Days on Market:: 355
Last Refresh:: May 20 at 9:23 pm

Property Features for 5218 S East St

General Information

Standard status: Active
Size: 5,775 SF
Lot size: 1.15 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Will Conway

Listing agent Will Conway License #RB17000936

Listing office Premier Commercial Real Estate Services, Inc.

Listing date Jun 24, 2025

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 Premier Commercial Real Estate Services, Inc.

HighLights

Prime location just off US 31 and close to I‑465.
Opportunity for long‑term equity building.
Below‑market rents offer immediate investment potential.
Flexible floor plans allow for customizable interiors.
Building size of 5,775 SF.
Suites range from 1,102 to 2,980 square feet.

Overview

This 5,775 SF building located at 5218 S. East St. in Indianapolis is an ideal investment opportunity for office building investors. The property offers spaces ranging from 1,102 to 2,980 square feet. Customizable interiors and flexible floor plans provide control over workspace. The location is just off of US 31 and in close proximity to I-465. With below-market rents, investors can capitalize on this lucrative asset and tailor it to their specific needs, providing great long-term equity building.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$124.7k	$21.60
− Vacancy	−$23.1k	−$4.00
EGI	$101.7k	$17.60
− OpEx	−$25.4k	−$4.40
NOI	$76.2k	$13.20

5,775 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.09M

$953.1K – $1.27M (±1% cap)

NOI $76,247 @ 7.0% cap · market cap 8.97%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,624 @ 7.0% cap · market cap 11.84%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Iris M. Crider-Nash, ... Medical Clinic Burt Mary Family Counselor NuVitasGroup Medical Clinic Hope For Tomorrow Charitable Organization Gail Mercer Counselor

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.1498
Latitude: 39.6913

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What type of property is this?

Office building - 5,775 SF office building with customizable interiors and flexible floorplans.

Where is this office building located?

The property is located at 5218 S East St Indianapolis, IN.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Prime location just off US 31 and close to I‑465.; Opportunity for long‑term equity building.; Below‑market rents offer immediate investment potential.

5218 S East St, Indianapolis, IN

5,775 SF office building with customizable interiors and flexible floorplans.

Property Features for 5218 S East St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

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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