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Single-Story Office Building
For Sale
$155,900
Pending

5707 E 38th St, Indianapolis, IN 46218

Single-story office building with recently renovated interiors and rewiring, offered as-is for owner-users or investors.

Property Size1,176 SF
Lot Size0.24 Acres
Days on Market83

Property Features for 5707 E 38th St

General Information

Standard status Pending
Size 1,176 SF
Lot size 0.24 Acres
Zoning C3

Site & Location

Road Access Yes
Utilities to Site Yes

Building Details

Year Renovated 2026
Stories 1
Listing Agency: Blue Flag Realty Inc
Listed By: Jesse Jasvir Singh · License #RB22001424
Source: Exprealty
Added: Jun 17 Changed: Sep 3 Last Checked: Sep 7 at 3:10PM

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 Blue Flag Realty Inc

Investment Insights

Based on property information with market context.

This single-story commercial office building offers 1,176 SF of space on a 0.24-acre site and is being offered as-is. Public remarks indicate the property was recently renovated in 2026, including fresh interior paint and complete rewiring, supporting an updated, ready-for-occupancy interior condition. Utilities include electric, with gas available.

The property is located along a city street with frontage-road access and an asphalt road surface, providing straightforward ingress/egress and street exposure. Public remarks also reference C3 zoning, which may allow a wide range of business uses.

Access and site improvements are described as consistent with a street-facing office property, and the building is presented as an affordable option for a flexible owner-user or investor strategy.

Key Highlights

  • 1,176 SF single‑story office building built in 1952
  • C3 zoning supports a wide range of business uses
  • Recently renovated in 2026 with fresh interior paint and complete rewiring

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Parking Lot & Garage Electrical Service

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
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

327
Businesses Nearby

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Single-story office building with recently renovated interiors and rewiring, offered as-is for owner-users or investors.
Where is this office building located?
The property is located at 5707 E 38th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $155,900.
What are key features of this property?
This property features: 1,176 SF single‑story office building built in 1952; C3 zoning supports a wide range of business uses; Recently renovated in 2026 with fresh interior paint and complete rewiring
More about this property
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