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    Indianapolis Office Building Investment Opportunity
    Updated: Mar 6
    Indianapolis Office Building Investment Opportunity

    5218 S. East St., Indianapolis, IN 46227

    $805,700
    5,673 sqft
    Prime location with easy access to US 31 and I‑465.
    5,673 SF office building for sale.
    Great long‑term equity building and control over workspace.
    Below‑market rents offer potential for increased revenue.
    Customizable interiors and flexible floor plans.
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    This listing looks promising.

    Here's a quick look at some key insights for

    5218 S. East St., Indianapolis, IN 46227

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $70K
      Annual

    • Price @ 7% Cap

      $996K
      Above asking
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    Elevator-Served Mixed-Use Building
    Updated: Jun 15
    Elevator-Served Mixed-Use Building

    536 E Market Street, Indianapolis, IN 46204

    $3,900,000
    0.91 AC lot
    Mixed‑use investment property with over 20,000 SF in Indianapolis
    Zoned CBD‑2, supporting a range of uses including retail, office, and multifamily development
    Tenants in place for immediate income
    Elevator service and dry sprinkler system
    LED lighting throughout and new AC units installed within the last 5 years
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    Flexible Office Building with Detached Garage
    Flexible Office Building with Detached Garage

    2131 E 54th Street, Indianapolis, IN 46220

    $560,000
    0.64 AC lot

    C-1 zoned building with a fenced outdoor area and detached garage, suited for office or education-oriented uses.

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    Two-Level Office Building with Conference Rooms
    Two-Level Office Building with Conference Rooms

    2226 W Michigan Street, Indianapolis, IN 46222

    $524,900
    0.11 AC lot

    Two-level office building with conference rooms, kitchenette, multiple offices, and restrooms, plus a finished lower level.

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    Freestanding Day Care Facility
    Freestanding Day Care Facility

    4521 Independence Sq, Indianapolis, IN 46203

    $1,299,000
    4,928 sqft

    Vacant, well-maintained former daycare with ample parking and flexible CS zoning for multiple neighborhood-serving commercial uses.

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    Freestanding Single-Story Office Building
    Freestanding Single-Story Office Building

    1101 N Shadeland Avenue, Indianapolis, IN 46219

    $399,000
    0.30 AC lot

    Single-story freestanding office building zoned C-1 with street frontage and assigned/common parking, suited for office or medical uses.

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    Freestanding Single-Story Office
    Freestanding Single-Story Office

    1109 N Shadeland Avenue, Indianapolis, IN 46219

    $260,000
    0.30 AC lot

    C-1 zoned office building with common parking, city frontage, and utilities for a range of commercial uses.

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    Freestanding Single-Story Commercial Building
    Freestanding Single-Story Commercial Building

    6004 S East Street, Indianapolis, IN 46227

    $525,000
    0.49 AC lot

    Single-story building with on-site parking and prominent signage along a heavily traveled southside corridor.

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    Three-Building Office Portfolio
    Three-Building Office Portfolio

    5101-5105 Madison Ave, Indianapolis, IN 46227

    $3,500,000
    32,600 sqft 3.00 AC lot

    Multi-building office portfolio spanning three contiguous parcels, offered individually or together for multi-tenant or owner-user use.

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    Multi-Office Building with Private Parking
    Multi-Office Building with Private Parking

    1300 N Pennsylvania Street, Indianapolis, IN 46202

    $700,000
    0.23 AC lot

    Commercial-office building with 16 offices, large windows, and a private parking lot near major thoroughfares.

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    Zoned C4 Two-Story Building
    Zoned C4 Two-Story Building

    517 E Walnut Street, Indianapolis, IN 46202

    $2,500,000
    0.08 AC lot

    A C4 two-story building with a full basement offers flexible space for office, retail, and healthcare uses.

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    Hard-Corner Retail and Office Building
    Hard-Corner Retail and Office Building

    5243 Rockville Road, Indianapolis, IN 46224

    $550,000
    0.31 AC lot

    4,524 SF building on a hard corner, zoned C3, with on-site parking and strong frontage on Rockville Road.

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    Office Building and Development Land
    Office Building and Development Land

    8834 & 8844 W Washington Street, Indianapolis, IN 46231

    $329,000
    0.35 AC lot

    Property includes two vacant parcels and an existing office building with private offices, conference room, and storage space.

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    Single-Story Office Building For Sale
    Single-Story Office Building For Sale

    805 Beachway Dr, Indianapolis, IN 46224

    $2,500,000
    30,388 sqft

    30,338 SF office building leased through 2026.

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    Standalone Office Building with Kitchen
    Standalone Office Building with Kitchen

    4929 E 96th Street, Indianapolis, IN 46240

    $2,950,000
    1.34 AC lot

    Move-in ready office building with 28 private offices, conference rooms, and multiple entrances on a lakefront lot.

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    Brick Office Building with Parking
    Brick Office Building with Parking

    2152 E County Line Road, Indianapolis, IN 46227

    $625,000
    0.57 AC lot

    Brick office building with reception, private offices, open work area, basement, and 21 marked parking spaces.

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    Indianapolis Office Building For Sale
    Indianapolis Office Building For Sale

    10291 N. Meridian St., Indianapolis, IN 46290

    $2,950,000
    30,000 sqft

    Premier investment opportunity in a busy Indianapolis corridor.

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    Office Building with Basement Garage
    Office Building with Basement Garage

    5397 E 38th Street, Indianapolis, IN 46218

    $299,900
    0.23 AC lot

    Office building currently used as a real estate office, freshly painted, with a basement and a two-car garage.

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    Versatile Office Building Near Airport
    Versatile Office Building Near Airport

    5348 W Vermont St, Indianapolis, IN 46224

    $2,600,000
    19,700 sqft 1.96 AC lot

    Class B office property with income and flexibility near I-465.

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    Office Building with Development Parcels
    Office Building with Development Parcels

    2316 Mellen Road, Indianapolis, IN 46231

    $329,000
    0.35 AC lot

    Existing office building with three private offices and conference room, plus two vacant parcels for future development.

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    Northwest Indianapolis Office Building
    Northwest Indianapolis Office Building

    8770 Purdue Rd, Indianapolis, IN 46268

    $999,999
    7,200 sqft 0.71 AC lot

    Well-located office property in a high-demand commercial area.

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    Commercial Land with Lighted Pylon
    Commercial Land with Lighted Pylon

    7620 Us 31s, Indianapolis, IN 46227

    $499,000
    0.41 AC lot

    C-1 zoned commercial land with a 25-foot illuminated pylon sign and extensive US 31S frontage.

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    Fountain Square Multi-Tenant Commercial Property
    Fountain Square Multi-Tenant Commercial Property

    1415 Shelby St, Indianapolis, IN 46203

    $1,300,000
    6,590 sqft

    Renovated 6,590 SF property with income and occupancy potential.

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    Office Building with Major Frontage
    Office Building with Major Frontage

    7530 US 31S, Indianapolis, IN 46227

    $499,000
    0.48 AC lot

    Office building site with substantial roadway frontage and median cut access on US 31S in Indianapolis.

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    Indianapolis, IN Office Buildings Market Trends and Statistics

    Explore 72 office buildings for sale in Indianapolis, IN, showcased through 72 active listings on our real estate platform. These investment opportunities span a total of 812,797 square feet of properties for sale, with an estimated market value of $93,744,355.

    Sale prices for office properties in Indianapolis, IN start at $269,000, averaging $3,348,012, and reaching up to $18,320,476 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 337
    Office buildings 153
    Medical Office Space 55
    Coworking space 28
    Creative space 6

    Demographics Overview

    Population 979K
    Population Growth (5Y) +2.8%
    Median Household Income $67,417
    College Educated 30.4%

    High-Yield Neighborhoods for Investment

    Identify Indianapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46220 $280K
    46222 $524.9K
    46201 $650K
    46203 $809.5K
    46219 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.46%
    Property Tax per SF $41.61 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Indianapolis fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Indianapolis, IN

    • 46227
    • 46204
    • 46202
    • 46240
    • 46250
    • 46203
    • 46205
    • 46219
    • 46278
    • 46220
    • 46224

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