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Property profile & analytics
OFF-MARKET
Office buildings

5342 Elmwood Ave Indianapolis, IN 46203-6058

5,760 SF 3.79 ac lot Built 2004
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-0682751
Property summary
AI-generated overview

The Griffin Buildings at 5342 Elmwood Avenue in Indianapolis, Indiana, offer a versatile multi-tenant industrial/flex property totaling approximately 29,103 square feet. This well-maintained property sits on a fully improved 3.62-acre site, providing ample space and convenient access to major transportation arteries. Its strategic location offers easy access to Interstates 69, 74, 65, and 70 via the southern I-465 loop, ensuring efficient logistics and convenient commutes for employees and clients. The property's flexible design caters to a wide range of business needs, encompassing traditional office space, adaptable flex space, and warehouse capabilities. Currently, one office space of 3,468 square feet is available. Located in Marion County, Indiana, with a 46203 zip code, this property presents a compelling opportunity for businesses seeking high-quality industrial/flex space in a prime Indianapolis location. The property's size and location make it ideal for companies requiring a blend of office, warehouse, and flexible workspace. This is a rare opportunity to secure a well-maintained and strategically located property in a thriving Indianapolis market. The property's multiple tenancy structure offers flexibility for businesses of varying sizes.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Construction METAL FRAME
Total area 5,760 SF
Lot 3.79 ac (165,006 SF)
Zoning code ZO01
APN 49-10-34-126-035.000-302
UPID US31-0682751
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tom's Auto Clinic LLC Auto Repair Shop
  • Carrs Automotive LLC Auto Repair Shop
  • Indy Jump Party Supply Store Rental Equipment Company
  • Tfis Security Security Service
  • Digital Video Concepts IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jordan Elm LLC · 4 yrs held
Jordan Elm LLC
since 2022
4 recorded transactions
2025
Price N/A
2022
Price N/A
2020
Price N/A
2019
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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