8901 Otis Ave Indianapolis, IN 46216
Property profile & analytics
8901 Otis Ave Indianapolis, IN 46216
- Office properties & Spaces
- 55,226 SF
- 3.95 lot acres
Property ID
US31-0964316
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Powless Law Firm, P.C. / Law Firm
- TiER1 Performance Indianapolis / Consultant
- Bike Parking / Bicycle Rack
- Schneider Geospatial / (Bike/Boat/Book/etc) Store / Corporate Office
- THE SCHNEIDER CORPORATION / Surveyor
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,246,000
Market price range: $932k - $4.06M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$72,701
$1,514,200
$1,308,700
$2,822,900
-
$1,514,200
$1,308,700
$2,822,900
