Search
Private Office Suites
New
For Lease
$1,200/Mo

5324 W 16th St, Indianapolis, IN 46224

Small-business space includes shared lobby, conference area, bathrooms, utilities, and internet.

Space SizeContact for details
Days on Market2

Property Features for 5324 W 16th St

General Information

Standard status Active
Lease Type Gross

Space & Availability

Space Use Private Office
Private Offices 3

Lease Terms

Lease Rate $1,200 /USD/MO
Total Rate $1,200
Monthly Rent $1,200
Lease Term 12 months
Flexible Term Yes

Amenities

shared lobby space
conference area
bathrooms
24/7 access
Listing Agency: Highgarden Real Estate
Listed By: Sarah Remaley · License #IN RB18000440
Source: Eveloteam
Added: Sep 5 Last Checked: Sep 5 at 3:01PM

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 Highgarden Real Estate

Investment Insights

Based on property information with market context.

Three private office suites are available within a 4,500-square-foot property at 5324 W 16th St in Indianapolis. The space includes a shared lobby, conference area, and bathrooms, along with 24/7 access. Utilities and internet are included under a gross lease with a minimum one-year term.

The suites are positioned for small-business use, including one- to two-person office operations, insurance, chiropractic, and small retail users. The configuration also supports a business seeking a dedicated workspace outside the home while retaining access to shared common areas.

Key Highlights

  • 3 private office suites available
  • 4,500 SF property with shared lobby, conference area, and bathrooms
  • 24/7 access

Property Analytics

Current Use

Lux Transporting Trucking Company Blue Print PlayHouse ... Daycare Center Unishippers Courier Service R B Apparel ... Clothing Store Diamond Hair Company Hair Salon

Suggested Use

Top Pick Dental Office Law Firm Building Supply Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store HVAC Service

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby

Demographics for 46224, IN

38,822
Population
16,912
Households
2.3
Avg Household Size
32
Median Age
24%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
5,392
Density / Sq Mi
$53,731
Median Household Income
$35,726
Median Earnings
$1,048
Median Rent
$166,500
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$28.72 /SF/Yr
Avg Asking Price
$1.97–$275 /SF/Yr
Price Range
7,953 SF
Avg Space Size

This space is priced 89% below the average of $28.72 /SF/Yr.

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
Rey
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 units - Small-business space includes shared lobby, conference area, bathrooms, utilities, and internet.
Where is this office units located?
The property is located at 5324 W 16th St Indianapolis, IN.
What is the lease rate?
The lease rate is $1,200/Mo.
What are key features of this property?
This property features: 3 private office suites available; 4,500 SF property with shared lobby, conference area, and bathrooms; 24/7 access
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message