Freestanding Single-Story Commercial
6004 S East Street Indianapolis, IN 46227
For Sale
$525,000
SINGLE_FAMILY - Indianapolis, IN
Property Size1,680 SF
Lot Size0.49 Acres
Price / SF$312.50
Days on Market272
Property Features for 6004 S East Street
General Information
Property type
Residential
Property subtype
Office
Zoning
DA
Standard status
Active
APN
491412141013000500
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Pt Ne1/4 Nw1/4 S12 T14 R3 Beg 213.1Ft S & 65.30Ft Wof Ne Cor W 182.2Ft S 116.9Ft E 179.04Ft Nalong R/W Us Rd 31 To Beg .485Ac
Listing Agency:
Keller Williams Indy Metro S
(317) 882-5900
Listed By:
Teresa Harwood · License #RB14039040
(317) 882-5900
Added: Oct 31, 2025
Changed: Jun 16
Last Checked: Jul 29 at 12:06PM
MLS# 22071168
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.
6004 S East Street presents a single-story freestanding commercial building with a flexible interior layout and prominent signage. The property includes on-site parking and is offered as a versatile option for medical, professional office, or service-oriented retail uses, depending on the tenant or owner’s operating model.
Located just south of I-465 in Indianapolis, the building sits on nearly a half-acre (0.49 acres). The listing describes the site as positioned along one of the area’s most traveled corridors, with easy access and visibility to support customer and patient drive-by traffic. The property is zoned DA.
This is a practical fit for an owner-user seeking a standalone facility with parking and clear storefront presence, or for an investor looking to acquire a well-located property that can accommodate a range of commercial uses. The single-story configuration can be an operational advantage for both service and healthcare users who benefit from straightforward access and an adaptable floor plan.
Located just south of I-465 in Indianapolis, the building sits on nearly a half-acre (0.49 acres). The listing describes the site as positioned along one of the area’s most traveled corridors, with easy access and visibility to support customer and patient drive-by traffic. The property is zoned DA.
This is a practical fit for an owner-user seeking a standalone facility with parking and clear storefront presence, or for an investor looking to acquire a well-located property that can accommodate a range of commercial uses. The single-story configuration can be an operational advantage for both service and healthcare users who benefit from straightforward access and an adaptable floor plan.
Key Highlights
- 1,680 SF single‑story freestanding commercial building
- Sits on nearly half an acre with on‑site parking
- Located just south of I‑465 along a major Indianapolis traffic corridor
Financial Insights For Healthcare Medical
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 | $40.3k | $24.00 |
| − Vacancy | −$4.2k | −$2.52 |
| EGI | $36.1k | $21.48 |
| − OpEx | −$14.4k | −$8.59 |
| NOI | $21.7k | $12.89 |
1,680 SF · lease $24.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$309.3K
$270.7K – $360.9K
NOI $21,652 @ 7.0% cap · market cap 4.12%
Second Best
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 3.93%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Single-story building with on-site parking and prominent signage along a heavily traveled southside corridor.
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; Sits on nearly half an acre with on‑site parking; Located just south of I‑465 along a major Indianapolis traffic corridor
