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C3 Zoned Office Space
For Lease
$1,125/Mo

5401 S East Street, Indianapolis, IN 46227

COMMERCIAL - Indianapolis, IN

Lot Size3.57 Acres
Days on Market105

Property Features for 5401 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 491401119003000500
Lot size 3.57 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Beg 1454.72' S Of Nw Cor S 489.1' E 435.5' Nwly Onirr El Wrly On Irr Nl Pt Ne1/4 S1 T14 R3 3.75Ac
Legal Description Beg 1454.72' S Of Nw Cor S 489.1' E 435.5' Nwly Onirr El Wrly On Irr Nl Pt Ne1/4 S1 T14 R3 3.75Ac
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Morgan Mathauer · License #RB23000355
Added: Apr 17 Changed: Jul 13 Last Checked: Jul 30 at 11:06AM
MLS# 22096350

Copyright © 2026 MIBOR Service Corporation. 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 for-rent commercial property includes office units and office spaces within a C3-zoned setting. The listing provides a total lot size of 3.57 acres, offering an off-street real estate footprint suitable for office-focused tenants looking for a commercially zoned site.

The property is located at 5401 S East Street in Indianapolis, Indiana 46227, within Marion County. As a C3-zoned asset, the site is positioned for users whose requirements align with commercial zoning parameters.

For tenants or brokers evaluating office occupancy, this property presents a straightforward option within a C3 zoning context. Interested parties should review available unit configuration and any building or site details at the time of inquiry, since specific interior and suite information is not provided in the listing data.

Key Highlights

  • Location: -86.148315, 39.688667

Property Analytics

Current Use

Lynn Annette P ... Physician Vonnie Lute Agency, ... Insurance Agency Perfect Balance Day ... Alternative Medicine Practice Law Office of Daniel ... Law Firm Mojo Art Department Store

Suggested Use

Top Pick Dental Office Restaurant Auto Parts Store Gym & Fitness Center Garden Center Storage Facility

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby

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

Market

Lease Benchmarks for Indianapolis, IN

$21.07 /SF/Yr
Avg Asking Price
$10–$95.52 /SF/Yr
Price Range
6,646 SF
Avg Space Size

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 - For-rent office space in an Indianapolis C3-zoned property on S East Street.
Where is this office units located?
The property is located at 5401 S East Street Indianapolis, IN.
What is the lease rate?
The lease rate is $1,125 /Mo.
What are key features of this property?
This property features: Location: -86.148315, 39.688667
More about this property
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