Office for Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46280

Description

Penn on Pkwy is a Class A office park that sits at the point of I-465, where Indianapolis meets Carmel. The park is comprised of 3 office buildings and a large water feature with an abundance of parking. The high profile visibility on I-465 sets Penn on Pkwy apart from others making this an excellent location for any Class A tenant.

Market Context

This office in Indianapolis, IN is listed for sale. It has been on the market for 46 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

$38.68/SF – $52.33/SF

Mid: $45.50/SF

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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