Office for Sale in Indianapolis, IN

  • Price: $775K
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46254

Description

Unlock the potential of this 5.21± acre development site located in the heart of Indianapolis’ northwest corridor. Situated along Pike Plaza Road, just off West 38th Street and I-65, this property offers excellent visibility and accessibility within a well-established commercial trade area. Size: 5.21± acres Zoning: C-5 (Commercial) – accommodating a wide range of high-intensity commercial uses including retail, office, hospitality, and service-oriented businesses Location Highlights: Dense surrounding population, strong traffic counts, and proximity to national retailers, restaurants, and community amenities Access: Convenient access to major thoroughfares including W. 38th Street, Lafayette Road, and I-65 This site is a prime opportunity for developers, investors, or end users seeking a well-positioned parcel in a dynamic commercial corridor. Whether for retail, mixed-use, hospitality, or service development, 5304 Pike Plaza Road provides the space and zoning flexibility to bring your vision to life. Land Size: 5.21 Ac | Listing Type: FOR SALE

Market Context

This office in Indianapolis, IN is listed for sale at $775,000. It has been on the market for 39 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

$20.12/SF – $27.22/SF

Mid: $23.67/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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