Single-Story Freestanding Commercial
6004 S East Street Indianapolis, IN 46227
6004 S East Street, Indianapolis, IN, 46227
$525,000
For Sale
$525,000
Single-story freestanding building with on-site parking and a flexible layout for medical, office, or retail use.
Property Size1,680 SF
Lot Size0.50 Acres
Price / SF$312.50
Days on Market305
Property Features for 6004 S East Street
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Lot size
- 0.50 Acres
- Property subtype
- Office
Listing agency
Keller Williams Indy Metro S
(317) 354-5236
Listed by
Teresa Harwood · License #RB14039040
(317) 354-5236
Source
Xome
Added: Sep 21, 2025 Updated: Jul 21 at 7:07AM Checked: Jul 21 at 7:07AM
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 Keller Williams Indy Metro S
Investment Insights
Based on property information with market context.
6004 S East Street presents a single-story, freestanding commercial building with an adaptable interior layout designed to support a range of uses, including medical, professional office, and service-oriented retail. The property includes on-site parking and prominent signage.
Located just south of I-465 on S East Street in Indianapolis, the building is positioned for convenient access and strong visibility along a heavily traveled corridor.
The property totals 1,680 SF and sits on nearly a half-acre of land, offering an owner-user or investor a versatile, street-facing asset with practical parking and identity.
Located just south of I-465 on S East Street in Indianapolis, the building is positioned for convenient access and strong visibility along a heavily traveled corridor.
The property totals 1,680 SF and sits on nearly a half-acre of land, offering an owner-user or investor a versatile, street-facing asset with practical parking and identity.
Key Highlights
- 1,680 SF single‑story freestanding commercial building
- Nearly a half‑acre lot with on‑site parking
- Flexible layout suited for medical, professional office, or service‑oriented retail uses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $21.96 |
| − Vacancy | −$2.5k | −$1.49 |
| EGI | $34.4k | $20.47 |
| − OpEx | −$10.3k | −$6.14 |
| NOI | $24.1k | $14.33 |
1,680 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$343.8K
$300.9K – $401.2K
NOI $24,069 @ 7.0% cap · market cap 4.58%
Second Best
Healthcare Medical
$309.3K
$270.7K – $360.9K
NOI $21,652 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$417.5K
$365.3K – $487.1K
NOI $29,223 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Indianapolis Homes Realty
Real Estate Agency
Dan Adams | Real ...
Real Estate Agency
Shannon At Indianapolis Homes ...
Real Estate Agency
Crawford & Hallburn Commercial ...
Real Estate Agency
Legacy Pools
General Contractor
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FAQs
What type of property is this?
Office building - Single-story freestanding building with on-site parking and a flexible layout for medical, office, or retail use.
Where is this office building located?
The property is located at 6004 S East Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,680 SF single‑story freestanding commercial building; Nearly a half‑acre lot with on‑site parking; Flexible layout suited for medical, professional office, or service‑oriented retail uses
