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5022 Rockville Rd 1,800 SF Office Building Indianapolis, IN 46224 $700,000 ($388.89/SF)

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EXECUTIVE SUMMARY

Exceptional opportunity to acquire a fully improved, mixed-zoned property along Rockville Road — combining 5022 Rockville Road (1.0 acre, C-3) and 5032 Rockville Road (3.0 acres, I-1). Together, these parcels offer an ideal blend of an existing and turnkey office building, redevelopment potential, and shovel-ready entitlement work.
The property at 5022 Rockville Road features a 1,800 square-foot stand-alone office building that has been recently renovated and fully furnished. The building includes private and shared offices, a conference room, kitchenette, and upgraded finishes throughout, creating a professional yet comfortable environment. A newer solar and metal roof enhances energy efficiency, and a two-car detached garage on site provides valuable storage or light service space. With excellent visibility and signage along Rockville Road, the office is ideal for a small business or professional tenant.
Immediately behind the office, 5032 Rockville Road comprises three acres of light industrial land with preliminary development plans for up to 40,000-square-feet of flex warehousing. All curb cuts, utility connections, and site plans have been coordinated, allowing a buyer to move directly into the final planning and permitting for a new development that meets their needs. All design documents and civil plans are available and included with the purchase. The site offers immediate infrastructure readiness from Rockville Road and the adjacent property to the west (utility easement pending final negotiation). All site plans, development drawings, and supporting documentation are available upon request and included with the sale.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Sale Conditions
1031 Exchange
Property Type
Office
Building Size
1,800 SF
Building Class
B
Year Built
1930
Price
$700,000
Price Per SF
$388.89
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
900 SF
Building FAR
0.04
Lot Size
1.00 AC
Zoning
C3C5 - Property is zone C3 and I1
Parking
8 Spaces (4.44 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-11-06-105-073.000-900
Land Assessment
$144,800 (2024)
Improvements Assessment
$95,700 (2024)
Total Assessment
$240,500 (2024)
  • Listing ID: 38373552

  • Date on Market: 11/7/2025

  • Last Updated:

  • Address: 5022 Rockville Rd, Indianapolis, IN 46224

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5022 Rockville Rd

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