Shadeland Avenue Professional Office
For Sale
Contact for pricing
7202-7212 N Shadeland Ave. Indianapolis, Indianapolis, IN 46250
Professional office building with signage and convenient highway access.
Property Size21,994 SF
Price / SF$0.00
Days on Market390
Property Features for 7202-7212 N Shadeland Ave. Indianapolis
General Information
Standard status
Active
Size
21,994 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
21,994 SF
Year Built
1974
Properties For Sale
at 7202-7212 N Shadeland Ave. Indianapolis Contact us7202 - Suite 115
Size
1,015 SF
Type
Office Building
Term
Negotiable
7202 - Suite 127
Size
1,702 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Matt Ferguson · License #RB17000936
(317) 679-4046
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 8
Last Checked: Oct 19 at 4:59AM
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 Premier Commercial Real Estate Services, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This professional building, situated in a desirable location on Shadeland Avenue, offers signage opportunities. The flexible building is suitable for both start-up and expanding companies. The property features new updates throughout and is under new ownership and management, aiming to provide an improved tenant experience. Its location provides convenient access to I-465, I-69, and Binford Boulevard, offering connectivity for commuting professionals. The property is located on Shadeland Avenue between 71st Street and 75th Street, with access to I-465, I-69, and SR-37/Binford Boulevard. Nearby amenities include dining destinations such as Ruth's Chris Steak House and Mimi Blue Meatballs, as well as retail options at The Fashion Mall at Keystone and Sahm Park. The building offers upgrades throughout, including new carpet and new exterior paint. The property's position in Indianapolis's business landscape makes it a location for office tenants seeking a strategic location with access to resources. The property size is 21994 square feet.
Key Highlights
- Prime location on Shadeland Ave. with convenient access to I‑465, I‑69, & Binford Blvd.
- New ownership & management focused on superior tenant experience.
- Recent updates throughout the building, including new carpet and exterior paint.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$290,387
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,807,740
$5.8M
Cap Rate 7%
$4,148,386
$4.1M
Cap Rate 9%
$3,226,522
$3.2M
Market Conditions
NOI Build-Up for 21,994 SF
Gross rent
$475.1K $21.60/SF
− Vacancy
−$87.9K −$4.00/SF
EGI
$387.2K $17.60/SF
− OpEx
−$96.8K −$4.40/SF
NOI
$290.4K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,807,740
Cap Rate 7%
$4,148,386
Cap Rate 9%
$3,226,522
Alternative Uses
Best Use
Office B
$4.15M
$3.63M – $4.84M
NOI $290,387 @ 7.0% cap · market cap 1,708,158.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.47M
$4.79M – $6.39M
NOI $383,223 @ 7.0% cap · market cap 2,254,252.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Explore this area
Business Placement
Demographics for 46250, IN
19,156
Population
9,815
Households
2
Avg Household Size
35
Median Age
53%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
2,488
Density / Sq Mi
$69,591
Median Household Income
$45,696
Median Earnings
$1,293
Median Rent
$288,900
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - Professional office building with signage and convenient highway access.
Where is this office building located?
The property is located at 7202-7212 N Shadeland Ave. Indianapolis Indianapolis, IN.
What are key features of this property?
This property features: Prime location on Shadeland Ave. with convenient access to I‑465, I‑69, & Binford Blvd.; New ownership & management focused on superior tenant experience.; Recent updates throughout the building, including new carpet and exterior paint.
