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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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    Office Building with Monument Sign
    Updated: Jul 9
    Office Building with Monument Sign

    7423 E 82nd Street, Indianapolis, IN 46256

    $575,000
    0.51 AC lot
    Approx. 120 ft frontage on high‑traffic E 82nd St (~44,000 vehicles/day) with monument sign
    6 parking spaces in front plus additional 6–8 spaces in the rear and room to expand the parking lot
    Interior layout includes reception area, conference room, 2–3 offices, break room, and ample storage
    C‑1 (Neighborhood Commercial) zoning allows a broad range of professional office and neighborhood commercial uses
    Convenient access to I‑465 and I‑69, about a 15–30 minute drive to downtown Indianapolis and nearby suburbs
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    Elevator-Served Mixed-Use Building
    Elevator-Served Mixed-Use Building

    536 E Market Street, Indianapolis, IN 46204

    $3,900,000
    0.91 AC lot

    Well-maintained mixed-use building in CBD-2 with elevator service, dry sprinkler system, and on-site parking for tenants and visitors.

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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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Former Medical Office and Community Space
    Former Medical Office and Community Space

    6635 E 21st, Indianapolis, IN 46219

    $1,750,000
    7,548 sqft

    Former medical office with ADA-accessible layout, multiple entrances, and ample off-street parking.

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    ADA-Accessible Medical Office Facility
    ADA-Accessible Medical Office Facility

    6635 E 21st Street, Indianapolis, IN 46219

    $1,750,000
    1.20 AC lot

    Former medical office with an ADA-accessible layout, multiple entrances, and about 50 parking spaces across two lots.

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    Renovated Office Flex Complex
    Renovated Office Flex Complex

    9130 Otis Avenue, Indianapolis, IN 46216

    $2,475,000
    1.14 AC lot

    Multi-tenant office and flex space with common parking and five leasable suites offering flexible occupancy options.

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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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    Medical Office and Professional Space
    Medical Office and Professional Space

    7353 East 21st St, Indianapolis, IN 46219

    $2,271,000
    12,140 sqft

    Office space positioned for medical and professional tenants with close access to a major hospital campus and regional corridors.

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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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    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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    Renovated Showroom and Warehouse Facility
    Renovated Showroom and Warehouse Facility

    10809 US Highway 136, Indianapolis, IN 46234

    $1,899,000
    16,680 sqft 2.78 AC lot

    Modern showroom and office area with high-clear warehouse space, supported by ample paved parking.

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    Flex Space with Small Warehouse
    Flex Space with Small Warehouse

    6302 W Thompson Road, Indianapolis, IN 46221

    $250,000
    0.45 AC lot

    Flex space with small warehouse and office area on C3-zoned corner lot near major highways.

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    Indianapolis Investment Opportunity
    Indianapolis Investment Opportunity

    6925 Parksdale Place, Indianapolis, IN 46254

    $1,285,000
    1.60 AC lot

    Leased to Hopebridge Autism Center through 2030.

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    Two-Building Flex Asset
    Two-Building Flex Asset

    7320 E. 86th Street, Indianapolis, IN 46256

    $6,876,000
    51,948 sqft 4.75 AC lot

    Two-building flex property totaling 51,948 square feet on approximately 4.75 acres, fully occupied with tenant mix.

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    Flex Industrial Property with Yard
    Flex Industrial Property with Yard

    4700-4702 Southeastern Avenue, Indianapolis, IN 46203

    $319,000
    0.70 AC lot

    Adjoining corner parcels with office, shop, and storage improvements plus ample yard and parking along Southeastern Avenue.

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    Broad Ripple Commercial Opportunity
    Broad Ripple Commercial Opportunity

    710 E 52nd St, Indianapolis, IN 46205

    $890,000
    4,672 sqft 0.25 AC lot

    Value-add commercial building in Broad Ripple with parking.

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    Two-Building Flex and Restaurant Property
    Two-Building Flex and Restaurant Property

    1915 Southeastern Avenue, Indianapolis, IN 46201

    $750,000
    0.45 AC lot

    Two commercial buildings on one parcel, including a leased restaurant space with office and warehouse options.

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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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    Office Property with Roll-Up Garage
    Office Property with Roll-Up Garage

    2421 Central Avenue, Indianapolis, IN 46205

    $299,900
    0.17 AC lot

    Office-zoned property with front customer parking and alley-access garage/storage featuring a roll-up door.

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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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    Indianapolis, IN Office Spaces Market Trends and Statistics

    Explore 121 office spaces for sale in Indianapolis, IN, showcased through 121 active listings on our real estate platform. These investment opportunities span a total of 1,078,811 square feet of properties for sale, with an estimated market value of $129,958,515.

    Sale prices for office spaces in Indianapolis, IN start at $200,000, averaging $2,548,206, 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 338
    Office buildings 151
    Medical Office Space 54
    Coworking space 25
    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
    46217 $200K
    46214 $254.8K
    46218 $299.9K
    46250 $305K
    46220 $371.3K

    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
    • 46219
    • 46204
    • 46250
    • 46202
    • 46203
    • 46205
    • 46225
    • 46240
    • 46268
    • 46278

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