C3 Office Building for
For Lease
$1,500/Mo
5401 S East Street, Indianapolis, IN 46227
Commercial Lease, Indianapolis, IN
Space SizeContact for details
Lot Size3.57 Acres
Days on Market196
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
Tax Annual Amount
41594
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
(317) 882-5900
Added: Apr 17
Changed: Oct 22
Last Checked: Oct 29 at 1:06PM
MLS# 22096353
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This C3-zoned office building is offered for lease at 5401 S East Street in Indianapolis, Indiana 46227. The property sits on a 3.57-acre lot, providing space for a range of site-ready leasing requirements.
The listing is classified as commercial office real estate under Marion County records, with the provided address supporting precise location details within the city of Indianapolis.
While the listing data does not specify building square footage or interior configuration, the property’s identity as an office building and its C3 zoning are clearly documented for prospective tenants and brokers evaluating lease fit.
The listing is classified as commercial office real estate under Marion County records, with the provided address supporting precise location details within the city of Indianapolis.
While the listing data does not specify building square footage or interior configuration, the property’s identity as an office building and its C3 zoning are clearly documented for prospective tenants and brokers evaluating lease fit.
Key Highlights
- Location: -86.148315, 39.688667
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$19.1 /SF/Yr
Avg Asking Price
$16–$28 /SF/Yr
Price Range
10,476 SF
Avg Space Size
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - Office building available for lease, zoned C3, on a 3.57-acre lot in Indianapolis, IN 46227.
Where is this office building located?
The property is located at 5401 S East Street Indianapolis, IN.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Location: -86.148315, 39.688667
