Freestanding Medical Office
New
For Lease
$16 SF/Yr NNN
5386 W 10th Street, Indianapolis, IN 46224
Commercial Lease, Indianapolis, IN
Space Size1,716 SF
Lot Size0.31 Acres
Days on Market2
Property Features for 5386 W 10th Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
Commercial
Elementary school district
MSD Wayne Township
Middle school district
MSD Wayne Township
High school district
MSD Wayne Township
Directions
GPS Friendly
Subdivision
4909 - Marion - Wayne
Standard status
Active
APN
490536121026000914
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Eaglewood Add Pt L9 Beg Ne Cor W 70Ft S 195Ft E70ft N 195Ft To Beg
Tax Annual Amount
3922
Legal Description
Eaglewood Add Pt L9 Beg Ne Cor W 70Ft S 195Ft E70ft N 195Ft To Beg
Building Details
Year built
1946
Floors in Building
1
Listing Agency:
No Limit Real Estate, LLC
(317) 440-2149
Listed By:
Charlene Gaard · License #RB14033327
(317) 602-1576
Added: Sep 19
Last Checked: Sep 20 at 4:06AM
MLS# 22126509
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 freestanding medical office property provides 1,716 SF of single-story space on a 0.31-acre parcel. Constructed in 1946, the building is zoned Commercial and offers exclusive occupancy rather than a suite within a multi-tenant office complex. The configuration supports medical, dental, therapy, wellness, and other professional office uses identified for the property.
Located at 5386 W 10th Street in Indianapolis, the property is positioned on the city's west side near Speedway, with access to major thoroughfares. The standalone format gives an occupant a dedicated building presence and an opportunity for property signage. The lease structure is NNN, with a proposed term of 3–5 years.
Located at 5386 W 10th Street in Indianapolis, the property is positioned on the city's west side near Speedway, with access to major thoroughfares. The standalone format gives an occupant a dedicated building presence and an opportunity for property signage. The lease structure is NNN, with a proposed term of 3–5 years.
Key Highlights
- 1,716 SF freestanding medical office building
- Single‑story building on a 0.31‑acre parcel
- Commercial zoning
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Lease Benchmarks for Indianapolis, IN
$19.15 /SF/Yr
Avg Asking Price
$16.98–$22.5 /SF/Yr
Price Range
12,443 SF
Avg Space Size
This space is priced 16% below the average of $19.15 /SF/Yr.
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story occupancy provides building identity, privacy, and signage opportunity for a professional practice.
Where is this medical office space located?
The property is located at 5386 W 10th Street Indianapolis, IN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 1,716 SF freestanding medical office building; Single‑story building on a 0.31‑acre parcel; Commercial zoning
