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Class A Office Suites Available
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5225 Exploration Drive, Indianapolis, IN 46241

Class A office building with lab and R&D space.

Space SizeContact for details
Days on Market152

Property Features for 5225 Exploration Drive

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE - Indianapolis
Listed By: Jeff Merritt · License #RB14033827
Source: Cbre
Added: Mar 25 Changed: Aug 23 Last Checked: Aug 23 at 5:09AM

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 CBRE - Indianapolis

Investment Insights

Based on property information with market context.

This Class A office building, encompassing 54,000 square feet, is situated within Ameriplex Business Park. It offers convenient access to I-70 and is located a 9-minute drive from the Indianapolis International Airport. Traditional office suites are available, with opportunities for build-out of lab and R&D spaces. The property features attentive, local property management. Available suites include: L1-213 with 1,044 square feet, L1-217 with 2,209 square feet, and N1-120 with 2,209 square feet, totaling 5,462 square feet.

Key Highlights

  • Class A office building within Ameriplex Business Park.
  • Convenient access to I‑70 and Indianapolis International Airport.
  • A total of 5,462 SF available.

Property Analytics

Current Use

Financial Vision LLC ... (Bike/Boat/Book/etc) Store OsOlase Logistics Company Miller Consulting Group, ... Engineering Consultant Institute For Diversity Certification Training Center Purdue Tech Center College

Suggested Use

Top Pick Dental Office Electrical Service Spa & Massage Center Hair Salon (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

329
Businesses Nearby

Demographics for 46241, IN

33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$19.9 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
12,754 SF
Avg Space Size

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Class A office building with lab and R&D space.
Where is this office building located?
The property is located at 5225 Exploration Drive Indianapolis, IN.
What are key features of this property?
This property features: Class A office building within Ameriplex Business Park.; Convenient access to I‑70 and Indianapolis International Airport.; A total of 5,462 SF available.
More about this property
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