Office for Sale in Indianapolis, IN

  • Price: $640K
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46240
  • Size: 2,688 SF
  • Year built: 1928

Description

Beautifully renovated commercial office in the Meridian Hills area located right across the street from the Monon Trail. The architecture and design of this Cape Cod 3-story building is simply stunning. Plenty of square footage for all of your business needs along with extra storage/office space in the basement and finished attic. From the views looking out of the nautical windows in the conference room, detailed triple crown molding throughout, large built-in shelving, and an expansive glass-enclosed owner's suite on the first floor, this property will be sure to dazzle your clients. Plenty of private/designated parking in the rear of the building. Building SF: 2688 | Year Built: 1928 | Listing Type: FOR SALE

Market Context

This office in Indianapolis, IN is listed for sale at $640,000 across 2,688 SF ($238/SF). The building dates to 1928. It has been on the market for 38 days. Compare it against other office listings for sale in Indianapolis, IN — <a href="/search/sale/office/indiana/indianapolis">view the full market</a>.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: Consensus Q1 2026 market report.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per Consensus.

Unified Estimate

Very Low Confidence

$94.11/SF – $127.33/SF

Mid: $110.72/SF

Total estimate for 2,688 SF: $297,615

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market tampa (similarity: 100%) with 15 comparable listings.

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