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7102 E Pendleton Pike 2,927 SF Office Building Indianapolis, IN 46226 $400,000 ($136.66/SF)
Investment Highlights
- Direct frontage along heavily traveled Pendleton Pike.
- Suitable for office, medical, or service-oriented users.
- Convenient access to Interstate 465 and regional transportation routes.
- Includes billboard income ($5,000 annually) through an existing lease arrangement.
- Ample on-site parking for employees and visitors.
Executive Summary
Prime Commercial Opportunity on Pendleton Pike! Outstanding high-visibility commercial property offering 2,540 sq. ft. of versatile space along one of Indianapolis's busiest corridors. Located directly on Pendleton Pike with heavy daily traffic counts, this property provides exceptional exposure for your business, medical practice, office, or retail operation. The property features adaptable floor plan with customer reception/lobby area, private offices/treatment rooms, and dedicated storage space. Bonus Income Potential: Includes a billboard structure on-site. Note: The billboard structure itself is leased and owned by an external signage company, generating consistent lease income for the property owner. Ideal for an owner-occupant looking to establish a presence in a high-growth area or an investor seeking a commercial asset with extra lease income. Schedule your showing today! Seller will be present for all showings. Billboard structure on-site is owned and maintained by an off-site signage company. Ground space is leased to the billboard company, generating recurring rental income. See attached supplements for lease agreement details. Buyer/Broker to verify all measurements, zoning, and lease terms.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Office
Building Size
2,927 SF
Building Class
B
Year Built
1965
Price
$400,000
Price Per SF
$136.66
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,927 SF
Building FAR
0.27
Lot Size
0.25 AC
Opportunity Zone
Yes
Parking
12 Spaces (4.1 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-07-13-114-016.000-407 | Improvements Assessment | $109,000 |
| Land Assessment | $35,900 | Total Assessment | $144,900 |
Property Taxes
Parcel Number
49-07-13-114-016.000-407
Land Assessment
$35,900
Improvements Assessment
$109,000
Total Assessment
$144,900
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Contact the Sale Advisor
7102 E Pendleton Pike