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Office Building with Basement
For Sale
$299,900

5397 E 38th St, Indianapolis, IN 46218

Fresh paint, basement space, and a two-car garage complement the existing office configuration.

Property Size2,964 SF
Price / SF$101.18
Days on Market41

Property Features for 5397 E 38th St

General Information

Standard status Active
Size 2,964 SF
Total Parking Spaces 2

Additional Details

Public Transit Yes
Listing Agency: Ron Cheeks Real Estate Group
Listed By: Ronald Cheeks · License #RB14028299
Source: Mcwatersrealestate
Added: Jul 21 Changed: Aug 29 Last Checked: Aug 25 at 5:08AM

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 Ron Cheeks Real Estate Group

Investment Insights

Based on property information with market context.

This 2,964-square-foot office building is currently configured for use as a real estate office and has been freshly painted. The property includes a basement and a two-car garage, providing additional functional space beyond the main office area.

Located at 5397 E 38th St in Indianapolis, the property is served by a bus line and sits across from a library. Its existing office setup and supporting improvements create a straightforward commercial property profile for continued office use.

Key Highlights

  • 2,964‑square‑foot office building
  • Currently used as a real estate office
  • Freshly painted interior

Property Analytics

Current Use

Ron Cheeks Real ... Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Parking Lot & Garage Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

312
Businesses Nearby

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value

Market

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 - Fresh paint, basement space, and a two-car garage complement the existing office configuration.
Where is this office building located?
The property is located at 5397 E 38th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,964‑square‑foot office building; Currently used as a real estate office; Freshly painted interior
More about this property
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