7353 East 21st St, Indianapolis, IN 46219
Office space positioned for medical and professional tenants with close access to a major hospital campus and regional corridors.
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 4:01 am
Property Features for 7353 East 21st St
General Information
- Standard status
- Active
- Size
- 12,140 SF
- Property subtype
- Office
Building Details
- Year Built
- 1993
Listing agent Forest Bender License #License(s): IN: RB14049223 (317) 218-5346
Listing office Marcus & Millichap | Indianapolis (317) 218-5346
Listing date Jun 16, 2026
Source Marcusmillichap
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Indianapolis
HighLights
- Office building built in 1993
- Less than 1 mile from Community Hospital East
- About 7 miles west to downtown Indianapolis via I‑70
- Near the I‑70 & I‑465 interchange on a heavily traveled interchange corridor
- Adjacent to N. Shadeland Ave retail corridor with national grocery, QSR, and service retail
- Surrounded by established healthcare and professional office users along the E. 21st St. corridor
Overview
Located on the east side of Indianapolis on E. 21st St., the property is less than one mile from Community Hospital East, a major regional healthcare campus serving the east side of the market. It also sits near the N. Shadeland Ave. retail corridor, offering walkable daily needs supported by nearby grocery, QSR, and service retail. For broader reach, the area provides direct connectivity to the I-70 and I-465 interchange corridor, which supports access across Marion County and surrounding suburbs.
For prospective tenants, the site’s proximity to Community Hospital East and its placement within a medical and professional services environment can help align with the needs of medical, dental, and general office users seeking a dependable, client-facing address. The surrounding mix of healthcare and professional users, combined with nearby retail convenience and regional roadway connectivity, supports practical day-to-day operations.
Local 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 | $291.4k | $24.00 |
| − Vacancy | −$23.3k | −$1.92 |
| EGI | $268.1k | $22.08 |
| − OpEx | −$107.2k | −$8.83 |
| NOI | $160.8k | $13.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- 30th Street Animal Hospital — 8120 East 21st St, Indianapolis, IN 46219
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.038173
- Latitude
- 39.796037
