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    8901 Otis Ave Indianapolis, IN 46216

    For Sale
    Contact for pricing

    62,162 SF Executive Office, Owner/User Opportunity

    Property size:
    62,162 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class A, multi-tenant office building presents a unique owner-user opportunity in Indianapolis, Indiana. Located at 8901 Otis Ave, in Marion County, this 62,162 square foot property sits on a generous 3.95-acre lot and boasts 170 parking spaces, with ample additional land for future expansion. Originally constructed in 1939 as an enlisted barracks, the building underwent renovations in 1990, resulting in a modern and functional workspace. The building comprises four stories in a single structure. The property is currently partially leased to income-producing tenants with varying lease expirations, offering immediate revenue potential for an owner-user. The mechanical systems and roof are in excellent condition. Conveniently located just two miles east of I-465, this property benefits from easy access to major transportation routes and numerous area amenities. This is an ideal investment for a business seeking a prestigious location with significant space and growth potential. The property's size and location make it a highly desirable asset in the Indianapolis commercial real estate market. The existing tenant base provides a stable income stream, while the substantial available space allows for significant customization and expansion to suit a variety of business needs. This is a rare opportunity to acquire a substantial, well-maintained office building in a prime Indianapolis location.

    Property Features for 8901 Otis Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    62,162 SF
    Class
    A
    Lot Size
    172,062 SF

    Building Details

    Year Built/Renovated
    1939/1990
    Buildings
    1
    Stories
    4

    HighLights

    • Class A, multi‑tenant office building, 62,162 square feet, owner‑user opportunity in Indianapolis, IN.
    • Located at 8901 Otis Ave, Marion County, on a 3.95‑acre lot with 170 parking spaces and expansion potential.
    • Four‑story building, renovated in 1990, with excellent mechanical systems and roof.
    • Partially leased with immediate revenue potential and varying lease expirations.
    • Two miles east of I‑465, offering easy access to major transportation routes and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Powless Law Firm, ... Personal Injury Attorney TiER1 Performance Indianapolis Consultant Bike Parking Bicycle Rack Schneider Geospatial Software Company THE SCHNEIDER CORPORATION Surveyor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0121174
    Latitude
    39.8564377

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    FAQs

    What type of property is this?
    Office Property / Space - 62,162 SF Executive Office, Owner/User Opportunity
    Where is this office property / space located?
    The property is located at 8901 Otis Ave Indianapolis, IN.
    What are key features of this property?
    This property features: Class A, multi-tenant office building, 62,162 square feet, owner-user opportunity in Indianapolis, IN.; Located at 8901 Otis Ave, Marion County, on a 3.95-acre lot with 170 parking spaces and expansion potential.; Four-story building, renovated in 1990, with excellent mechanical systems and roof.
    (317) 269-1040
    Request Owner's contact information
    8901 Otis Ave Indianapolis, IN 46216
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    Indianapolis, IN 46216
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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
    8901 Otis Ave Indianapolis, IN 46216
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