Office for Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Indianapolis, IN 46227
  • Size: 266,631 SF
  • Year built: 1991

Description

This prime commercial property offers exceptional flexibility for a wide range of office and medical users. With direct suite access, ample on-site parking, and excellent connectivity via US 31 and I-465, it’s designed for both convenience and accessibility. The adaptable floor plans can be tailored to suit various professional needs—from medical practices and administrative offices to specialized service providers. Situated in a high-visibility corridor with strong surrounding amenities, this property is a strategic choice for tenants seeking a dynamic, well-located space to grow their business. Building SF: 266631 | Land Size: 3.0 Ac | Year Built: 1991 | Listing Type: FOR LEASE

Market Context

This office in Indianapolis, IN is listed for lease across 266,631 SF. The building dates to 1991. It has been on the market for 39 days. Compare it against other office listings for lease in Indianapolis, IN — <a href="/search/lease/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

$1.60/SF/mo – $2.16/SF/mo

Mid: $1.88/SF/mo

Total estimate for 266,631 SF: $501,266

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 9 comparable listings.

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