5957 Lakeside Blvd Indianapolis, IN 46278
- Office Properties & Spaces
- 89,832 SF
- 6.89 lot acres
Current Use by Public Records
- US Geological Survey / Conservation Department
Property Details for 5957 Lakeside Blvd
- Year built
- 1986
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 6.89 lot acres
- Property size
- 89,832 SF
- Zone code
- ZO01
- Property type
- Office Properties & Spaces
- APN
- 49-04-35-122-038.000-600
- APU
- 490435122038000600
Description
This exceptional Class A office building in Indianapolis, Indiana, offers a unique investment opportunity. The 87,833 square foot, single-story building sits on a 7.34-acre lot and boasts a 97.6% occupancy rate with four credit-rated tenants. Constructed in 1986, the property features a modified lease structure and is owned fee simple. The building serves as the Indiana state headquarters for both the U.S. Geological Survey and the U.S. Department of Agriculture, providing exceptional stability and long-term income potential due to the strong government lease. The property benefits from a prime location, offering convenient access to Interstate 465 and numerous amenities, while being just 15 minutes from downtown Indianapolis and the Indianapolis International Airport. Ample parking is available with 397 surface spaces. This is a rare chance to acquire a mission-critical facility with a superior tenant profile and strong investment-grade returns. The building has been renovated to suit the needs of the USDA/USGS and represents a best-in-class asset.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $830,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $964,000
Market price range: $638k - $2.58M
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Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.2668
- Latitude
- 39.8758
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
