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ADA-Accessible Medical Office Facility

6635 E 21st Street Indianapolis, IN 46219

New

6635 E 21st Street, Indianapolis, IN, 46219

$1,750,000

For Sale

$1,750,000

SINGLE_FAMILY - Indianapolis, IN

Property Size7,548 SF

Lot Size1.20 Acres

Price / SF$231.85

AddedJul 13

Days on Market2

Last RefreshJul 14 at 3:06 pm

Property Features for 6635 E 21st Street

General Information

Property type: Residential
Property subtype: Office
Zoning: C-1
Standard status: Active
APN: 490735116002000774
Lot size: 1.20 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: Pt W1/2 Ne1/4 S35 T16 R4 Beg 177.94' E Of Nw Core 154.89' S 263.05' W 154.89' N 263.05' To Beg.935 Ac

Building Details

Floors in Building: 1

Listing agent Shelly Johnson License #RB14043056

Listing office Keller Williams Indy Metro Partners N Emerson Ave Ste 300 48, Greenwood, IN

Listing date Jul 13, 2026

MLS# 22113764

Investment Insights

Based on property information with market context.

Former medical office facility offering a flexible, ADA-accessible layout designed for professional use, with interior space that can support a range of community-oriented configurations. The building includes three private offices, four restrooms, a conference room, a break room, a large waiting area, and a substantial open room that could accommodate uses such as a sanctuary, classroom, activity area, treatment space, showroom, or collaborative workspace.

Recent improvements throughout include a new roof, water heater, eight gas furnaces and AC units, motion-sensored flood lights, new LED lighting, and a resurfaced parking lot. Multiple entrances support access for staff, clients, and visitors. Two parking lots provide nearly 50 spaces.

The property is zoned C-1 and sits on approximately 1.2 acres.

Key Highlights

7,548 SF former medical office with a flexible layout for professional uses
ADA‑accessible design with multiple entrances for staff, clients, and visitors
Nearly 50 parking spaces across two parking lots

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$181.2k	$24.00
− Vacancy	−$14.5k	−$1.92
EGI	$166.7k	$22.08
− OpEx	−$66.7k	−$8.83
NOI	$100.0k	$13.25

7,548 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $99,996 @ 7.0% cap · market cap 5.71%

Second Best

Office B

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,656 @ 7.0% cap · market cap 5.69%

Theoretical Best

Office A

$1.88M

$1.64M – $2.19M (±1% cap)

NOI $131,516 @ 7.0% cap · market cap 7.52%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dr. Megan O'bryan Physician Fiducial Business Centers, ... Accounting RCG Indianapolis Medical Clinic Meliyah Harris Counselor Samantha Saxman Physician

Suggested Use

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For sale
Medical Office Space
IN
Indianapolis
46219
6635 E 21st Street

What type of property is this?

Medical Office Space - Former medical office with an ADA-accessible layout, multiple entrances, and about 50 parking spaces across two lots.

Where is this medical office space located?

The property is located at 6635 E 21st Street Indianapolis, IN.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 7,548 SF former medical office with a flexible layout for professional uses; ADA‑accessible design with multiple entrances for staff, clients, and visitors; Nearly 50 parking spaces across two parking lots

6635 E 21st Street Indianapolis, IN 46219

SINGLE_FAMILY - Indianapolis, IN

Property Features for 6635 E 21st Street

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Office Building with Monument Sign

Restaurant/QSR With Drive-Thru Potential

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Industrial Flex with Multiple Overhead Doors

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Two-Level Office Building with Conference Rooms

Auto Shop with Paint Booth

Four-Unit Retail Value-Add Property

FAQs