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    5225 Exploration Dr Indianapolis, IN 46241

    For Lease
    Contact for pricing

    Class A Office, Multiple Suites Available

    Lot size:
    54,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office and R&D building, totaling 54,000 square feet, is situated in the desirable AmeriPlex Business Park in Indianapolis, Indiana. Built in 2008, this two-story property offers a variety of suite sizes, with a minimum divisible space of 121 square feet and a maximum contiguous space of 8,311 square feet currently available. The building currently has 8,311 square feet of vacant space ready for immediate occupancy. The property features ample parking with 150 spaces, providing a generous 2.73 parking ratio. Its convenient location offers easy access to I-70 and is only a 9-minute drive from the Indianapolis International Airport. The building is zoned I-2 and sits on a sizable 3.91 acres of land. On-site amenities include a fitness center, enhancing the appeal for tenants. The property's diverse suite options cater to a range of business needs, from traditional office spaces to executive suites and R&D facilities. This versatile property presents a unique opportunity for businesses seeking a prime location with excellent amenities and accessibility. The property's APN is 49-13-04-101-017.000-200. This is a multi-tenant building.

    Property Features for 5225 Exploration Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,000 SF

    Building Details

    Year Built
    2008
    Stories
    2

    Unit(s) available at that property

    Space
    L1-217
    Size
    2,209 SF
    Space
    L1-304
    Size
    121 SF
    Space
    N1-177
    Size
    150 SF
    Space
    L1-301
    Size
    210 SF
    Space
    L1-213
    Size
    1,044 SF
    Space
    N1-180
    Size
    196 SF
    Space
    N1-178
    Size
    750 SF
    Space
    N1-175
    Size
    559 SF
    Space
    N1-176
    Size
    151 SF
    Space
    N1-179
    Size
    405 SF
    Space
    N1-181
    Size
    873 SF
    Space
    L1-320
    Size
    1,044 SF
    Space
    L1-308
    Size
    599 SF

    HighLights

    • 54,000 SF Class A office and R&D building in Indianapolis' AmeriPlex Business Park.
    • 8,311 SF of immediately available space, divisible to 121 SF.
    • Ample parking (150 spaces, 2.73 ratio) and convenient I‑70 access, 9 minutes from Indianapolis International Airport.
    • On‑site fitness center.
    • Entrepreneurial ownership with attentive local property management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Financial Vision LLC ... Software Company OsOlase Logistics Service Miller Consulting Group, ... Engineering Consultant Institute For Diversity Certification Training Centre Purdue Tech Center College

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Gym & Fitness Kitchen & Bath Accounting Firm Grocery Store Discount Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.3127736
    Latitude
    39.6875498

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    FAQs

    What type of property is this?
    Life science property - Class A Office, Multiple Suites Available
    Where is this life science property located?
    The property is located at 5225 Exploration Dr Indianapolis, IN.
    What are key features of this property?
    This property features: 54,000 SF Class A office and R&D building in Indianapolis' AmeriPlex Business Park.; 8,311 SF of immediately available space, divisible to 121 SF.; Ample parking (150 spaces, 2.73 ratio) and convenient I-70 access, 9 minutes from Indianapolis International Airport.
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    5225 Exploration Dr Indianapolis, IN 46241
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    Indianapolis, IN 46241
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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
    5225 Exploration Dr Indianapolis, IN 46241
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