Private Office
New
For Lease
$1,200/Mo
5324 W 16th Street, Indianapolis, IN 46224
Commercial Lease, Indianapolis, IN
Space SizeContact for details
Lot Size0.16 Acres
Days on Market1
Property Features for 5324 W 16th Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
General Business
Parking features
On Street
Middle school
Speedway Junior High School
High school
Speedway Senior High School
Elementary school district
School Town of Speedway
Middle school district
School Town of Speedway
High school district
School Town of Speedway
Directions
GPS Friendly
Subdivision
4909 - Marion - Wayne
Standard status
Active
APN
490536105016000914
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Se1/4 Ne1/4 S36 T16 R2 Beg 167.8'W & 45'N Of Secor W50',N 139', E 50', S 139' To Beg .16 Acrs
Legal Description
Pt Se1/4 Ne1/4 S36 T16 R2 Beg 167.8'W & 45'N Of Secor W50',N 139', E 50', S 139' To Beg .16 Acrs
Amenities
shared lobby
conference area
bathrooms
24/7 access
Listing Agency:
Highgarden Real Estate
(317) 205-4320
Listed By:
Sarah Remaley · License #IN RB18000440
(317) 280-4663
Added: Aug 28
Last Checked: Aug 28 at 11:06PM
MLS# 22123118
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.
Three private office suites are offered within a shared commercial setting at 5324 W 16th Street. Common facilities include a lobby, conference area, and bathrooms, giving occupants access to functional support space beyond their individual offices. The property provides 24/7 access and is zoned General Business.
The lease is structured as a gross lease with a minimum one-year term. Utilities and internet are included, while parking is available on street. The suites are located in Indianapolis, in the 46224 ZIP code.
The lease is structured as a gross lease with a minimum one-year term. Utilities and internet are included, while parking is available on street. The suites are located in Indianapolis, in the 46224 ZIP code.
Key Highlights
- Three private office suites
- Shared lobby, conference area, and bathrooms
- 24/7 property access
Property Analytics
Property Profile
Current Use
Lease Details
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
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
$33.75 /SF/Yr
Avg Asking Price
$12–$275 /SF/Yr
Price Range
7,361 SF
Avg Space Size
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three private suites share a lobby, conference area, bathrooms, and continuous access.
Where is this office units located?
The property is located at 5324 W 16th Street Indianapolis, IN.
What is the lease rate?
The lease rate is $1,200/Mo.
What are key features of this property?
This property features: Three private office suites; Shared lobby, conference area, and bathrooms; 24/7 property access
