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Flexible Office Units
For Lease
$12 SF/Yr

5550 Elmwood Ct, Indianapolis, IN 46203

Office layouts can combine private rooms, open work areas, meeting rooms, and collaborative space, with utilities included except telephone service.

Space Size1,500 SF - 6,000 SF
Days on Market36

Property Features for 5550 Elmwood Ct

General Information

Standard status Active
Size 1,500 SF - 6,000 SF
Net Rentable 1,500 SF

Space & Availability

Available Space 1,500-6,000 SF
Space Use Office
Sublease No

Site & Location

Highway Access Yes
Utilities to Site Yes
Listing Agency: RE/MAX Advanced Realty
Listed By: Keith Turnbill · License #RB14035185
Source: Megandusing
Added: Jul 24 Changed: Aug 28 Last Checked: Aug 28 at 12:37PM

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 RE/MAX Advanced Realty

Investment Insights

Based on property information with market context.

Office units are available in configurations from 1,500 to 6,000 square feet, supporting a range of professional workplace layouts. Space can include private offices, open work areas, conference rooms, and collaborative areas, allowing occupants to organize the premises around their operating needs. Utilities are included, excluding telephone service.

The property is less than 6 miles from downtown Indianapolis and offers immediate access to I-465. This location provides a direct connection to the broader Indianapolis area for employees, clients, and business operations. The office setting is suited to insurance agencies, accounting firms, call centers, and other office-based businesses.

Key Highlights

  • 1,500 to 6,000 square feet of available office space
  • Private offices, open work areas, conference rooms, and collaborative areas can be incorporated
  • Utilities included in the lease, excluding telephone service

Property Analytics

Current Use

A & A Industrial Supply Factory Midwest Graphics Printing Service

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon 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.

Lease Details

Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

453
Businesses Nearby

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$33.75 /SF/Yr
Avg Asking Price
$12–$275 /SF/Yr
Price Range
7,361 SF
Avg Space Size

This space is priced 64% below the average of $33.75 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Office layouts can combine private rooms, open work areas, meeting rooms, and collaborative space, with utilities included except telephone service.
Where is this office units located?
The property is located at 5550 Elmwood Ct Indianapolis, IN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 1,500 to 6,000 square feet of available office space; Private offices, open work areas, conference rooms, and collaborative areas can be incorporated; Utilities included in the lease, excluding telephone service
More about this property
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