Flexible Office Space
For Lease
$12 SF/Yr
5550 Elmwood Court, Indianapolis, IN 46203
COMMERCIAL - Indianapolis, IN
Property Size6,000 SF
Lot Size2.71 Acres
Days on Market114
Property Features for 5550 Elmwood Court
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
I-3
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4906 - Marion - Franklin
Standard status
Active
APN
491034120014000302
Lot size
2.71 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Jwr Minor Subdivision L1
Legal Description
Jwr Minor Subdivision L1
Listing Agency:
RE/MAX Advanced Realty · RE/MAX International
(317) 881-3700
Listed By:
Keith Turnbill · License #RB14035185
(317) 298-0961
Added: Apr 8
Changed: Jun 16
Last Checked: Jul 30 at 4:06PM
MLS# 22094479
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 professional office space offers flexible layout options that can support a range of office-based businesses. Available configurations can include private offices, open work areas, conference rooms, and collaborative spaces, making it adaptable to different team sizes and operational styles.
The property is located at 5550 Elmwood Court in Indianapolis and is less than six miles from downtown Indianapolis. It also provides immediate access to I-465, supporting convenient commutes for employees and easy arrival for clients.
Utilities are included in the lease, with the exception of telephone services. The space is presented for a variety of professional uses such as insurance agencies, accounting firms, and call centers, based on the adaptable floor plan and office-focused configuration. The I-3 zoning designation may also align with a range of office and business activity consistent with the listed use types.
The property is located at 5550 Elmwood Court in Indianapolis and is less than six miles from downtown Indianapolis. It also provides immediate access to I-465, supporting convenient commutes for employees and easy arrival for clients.
Utilities are included in the lease, with the exception of telephone services. The space is presented for a variety of professional uses such as insurance agencies, accounting firms, and call centers, based on the adaptable floor plan and office-focused configuration. The I-3 zoning designation may also align with a range of office and business activity consistent with the listed use types.
Key Highlights
- Lease office space with flexible layout options ranging from 1,500 to 6,000 SF
- Versatile floor plans for private offices, open work areas, conference rooms, and collaborative spaces
- Utilities included in the lease, except telephone services
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
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
$21.07 /SF/Yr
Avg Asking Price
$10–$95.52 /SF/Yr
Price Range
6,646 SF
Avg Space Size
This space is priced 43% below the average of $21.07 /SF/Yr.
Vacancy Rate% for Office in Indianapolis, IN
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 - Flexible office layout with utilities included, suited for professional firms and call-center style operations.
Where is this office units located?
The property is located at 5550 Elmwood Court Indianapolis, IN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Lease office space with flexible layout options ranging from 1,500 to 6,000 SF; Versatile floor plans for private offices, open work areas, conference rooms, and collaborative spaces; Utilities included in the lease, except telephone services
