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5214-5226 S East St
Indianapolis, IN 46227
Park 31 South · Office Property For Sale

Investment Highlights

  • Located just off I-465 and US 31, Two of Indiana’s Major Highway/Interstate systems
  • Upside for New Ownership in Replacing Well Below Market Rents and Recapturing Expenses
  • The Southside of Indianapolis is One of the Fastest Growing Suburb’s in the MSA
  • Five-Building Multi-Tenant Office Park with High Historical Occupancy
  • Nearly 200,000 People within a 5-mile Radius of the Subject Property

Property Facts

Property Type
Office
Property Subtype
Office
Building Size
15,224 SF
Building Class
C
Year Built
1986
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,224 SF
Building FAR
0.09
Lot Size
3.99 AC
Zoning
C-1 - Commercial
Parking
109 Spaces (7.16 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 49-14-01-107-001.000-501
  • 49-14-01-107-018.000-500
  • 49-14-01-107-002.000-501
Land Assessment
$1,208,500
Improvements Assessment
$1,356,700
Total Assessment
$2,565,200
  • Listing ID: 33222293

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 5214-5226 S East St, Indianapolis, IN 46227

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