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    5957 Lakeside Blvd Indianapolis, IN 46278

    For Sale
    Contact for pricing

    Government-Leased, Class A Office Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office building in Indianapolis, Indiana, offers a unique investment opportunity. The 87,833 square foot, single-story building sits on a 7.34-acre lot and boasts a 97.6% occupancy rate with four credit-rated tenants. Constructed in 1986, the property features a modified lease structure and is owned fee simple. The building serves as the Indiana state headquarters for both the U.S. Geological Survey and the U.S. Department of Agriculture, providing exceptional stability and long-term income potential due to the strong government lease. The property benefits from a prime location, offering convenient access to Interstate 465 and numerous amenities, while being just 15 minutes from downtown Indianapolis and the Indianapolis International Airport. Ample parking is available with 397 surface spaces. This is a rare chance to acquire a mission-critical facility with a superior tenant profile and strong investment-grade returns. The building has been renovated to suit the needs of the USDA/USGS and represents a best-in-class asset.

    Property Features for 5957 Lakeside Blvd

    General Information

    Property type
    Office Properties & Spaces
    Class
    A
    Lot Size
    319,730 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1

    HighLights

    • AA+ rated US Government lease.
    • Renovated to suit the USDA/USGS.
    • Mission‑critical location at the USDA State Headquarters.
    • 397 surface parking spaces.
    • Business park location near I‑465 and numerous amenities.
    • 15‑minute drive to downtown Indianapolis and Indianapolis International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Geological Survey Conservation Department

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2677438
    Latitude
    39.8757383

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    FAQs

    What type of property is this?
    Office Property / Space - Government-Leased, Class A Office Space
    Where is this office property / space located?
    The property is located at 5957 Lakeside Blvd Indianapolis, IN.
    What are key features of this property?
    This property features: AA+ rated US Government lease.; Renovated to suit the USDA/USGS.; Mission-critical location at the USDA State Headquarters.
    Request Owner's contact information
    5957 Lakeside Blvd Indianapolis, IN 46278
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5957 Lakeside Blvd Indianapolis, IN 46278
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