C3 Zoned Office
For Lease
$1,170/Mo
5251 S East Street, Indianapolis, IN 46227
Commercial Lease, Indianapolis, IN
Space SizeContact for details
Lot Size3.10 Acres
Days on Market150
Property Features for 5251 S East Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C3
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Subdivision
4907 - Marion - Perry
Standard status
Active
APN
491401119002000500
Lot size
3.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Beg 990' S Of Nw Cor E 489.11' Sw 319.96' Se178.26' Sw 213.26' Nw Irr L 240.13' N 414.72' Tobeg Ne1/4 S1 T14 R3 3.1Ac
Legal Description
Beg 990' S Of Nw Cor E 489.11' Sw 319.96' Se178.26' Sw 213.26' Nw Irr L 240.13' N 414.72' Tobeg Ne1/4 S1 T14 R3 3.1Ac
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 882-5900
Listed By:
Morgan Mathauer · License #RB23000355
(765) 318-8053
Added: Apr 17
Changed: Aug 28
Last Checked: Sep 13 at 11:06PM
MLS# 22096346
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.
Investment Insights
Based on property information with market context.
This office building is available for rent and is situated on a 3.1-acre lot. The property is classified under C3 zoning.
The asset is located at 5251 S East Street in Indianapolis, Indiana 46227, in Marion County. The offering includes office building space, with the C3 zoning designation providing a broad baseline for compatible commercial uses.
The asset is located at 5251 S East Street in Indianapolis, Indiana 46227, in Marion County. The offering includes office building space, with the C3 zoning designation providing a broad baseline for compatible commercial uses.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$19.88 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
11,399 SF
Avg Space Size
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building available for rent under C3 zoning on a 3.1-acre lot in Indianapolis.
Where is this office building located?
The property is located at 5251 S East Street Indianapolis, IN.
What is the lease rate?
The lease rate is $1,170/Mo.
