8901 Otis Ave Indianapolis, IN 46216

Property Details for 8901 Otis Ave

Year built

1939

Construction

TYPE NOT SPECIFIED

Lot size

3.95 lot acres

Property size

55,226 SF

Property type

Office Properties & Spaces

APN

49-08-06-106-004.000-407

APU

490806106004000407

Description

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.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Longitude

-86.0122

Latitude

39.856

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments