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Office Building With Basement Space
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5410 Emerson Way, Indianapolis, IN 46226

C-3 zoning, updated interiors, and flexible lower-level space support a range of commercial configurations.

Property Size12,700 SF
Days on Market7

Property Features for 5410 Emerson Way

General Information

Standard status Active
Size 12,700 SF
Class B
Total Parking Spaces 54
Property subtype Office
Zoning C-3 (neighborhood commercial)

Additional Details

Highway Access Yes

Amenities

exterior signage availability

Building Details

Buildings 1
Stories 2
Listing Agency: Spencer Group
Listed By: Huston Spencer · License #IN
Source: Crexi
Added: Aug 27 Changed: Sep 1 Last Checked: Sep 1 at 8:41PM

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 Spencer Group

Investment Insights

Based on property information with market context.

This 12,700-square-foot office building combines refreshed interior finishes with LED lighting improvements and substantial window lines that bring natural light to each floor. Basement space provides additional room for storage or expansion, while exterior signage is available for select users. The property includes 54 surface parking spaces.

Zoned C-3 (neighborhood commercial) in Marion County, the building is located on Indianapolis’ near-northeast side within the Millersville submarket. It sits just south of the 56th Street and Emerson Avenue intersection, with access to Binford Boulevard, the Fall Creek corridor, and I-465. The surrounding retail corridor includes a Walmart Neighborhood Market and recently delivered convenience retail.

Key Highlights

  • 12,700‑square‑foot office building with updated interior finishes and LED lighting
  • 54 surface parking spaces
  • C‑3 (neighborhood commercial) zoning in Marion County

Property Analytics

Current Use

Mindful Pieces Behavior ... Association / Organization

Suggested Use

Top Pick Dental Office Real Estate Agency Restaurant Nail Salon Law Firm Hair Salon

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

258
Businesses Nearby

Demographics for 46226, IN

43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
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 - C-3 zoning, updated interiors, and flexible lower-level space support a range of commercial configurations.
Where is this office building located?
The property is located at 5410 Emerson Way Indianapolis, IN.
What are key features of this property?
This property features: 12,700‑square‑foot office building with updated interior finishes and LED lighting; 54 surface parking spaces; C‑3 (neighborhood commercial) zoning in Marion County
More about this property
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