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7353-7373 E 21st St
Indianapolis, IN 46219
Warren Professional Building · Office Property For Sale
Investment Highlights
- New Roof Replacement completed 2018, reducing near-term capital expenditure risk for a new owner
- Limestone façade repairs completed 2026, enhancing curb appeal and long-term envelope integrity
- Dental practice continuously operating in the building since original construction — demonstrating sustained demand for the suite
- Immediate access to I-70, I-465 & N. Shadeland Ave. with strong E. 21st St. exposure and ample surface parking
Executive Summary
New Roof — 2018
Replacement completed 2018, reducing near-term capital expenditure risk for a new owner.
Exterior Updates — 2026
Limestone façade repairs completed 2026, enhancing curb appeal and long-term envelope integrity.
Dental Anchor Tenant
Dental practice continuously operating in the building since original construction — demonstrating sustained demand for the suite.
Superior Highway Access
Immediate access to I-70, I-465 & N. Shadeland Ave. with strong E. 21st St. exposure and ample surface parking.
Downtown Indianapolis
Approximately 7 miles west via I-70 — the city's core employment, government, and cultural hub, easily accessible for tenants and clients.
I-70 & I-465 Interchange
Minutes from one of Indianapolis's most-traveled interchange corridors, providing broad market reach across Marion County and surrounding suburbs.
Shadeland Ave. Retail
Adjacent to N. Shadeland Ave., a dense retail corridor with national grocery, QSR, and service retail — walkable amenities for daily tenant needs.
Medical & Professional Corridor
Surrounded by established healthcare and professional office users along the E. 21st St. corridor, supporting medical/dental and general office tenants.
Proximity to Community Hospital East
Located less than one mile from Community Hospital East, a major regional healthcare campus serving Indianapolis' east side. The property's location within a well-established medical and professional services corridor provides access to a large employment base, strong daytime traffic, and long-term demand drivers supported by one of the area's leading healthcare institutions.
Replacement completed 2018, reducing near-term capital expenditure risk for a new owner.
Exterior Updates — 2026
Limestone façade repairs completed 2026, enhancing curb appeal and long-term envelope integrity.
Dental Anchor Tenant
Dental practice continuously operating in the building since original construction — demonstrating sustained demand for the suite.
Superior Highway Access
Immediate access to I-70, I-465 & N. Shadeland Ave. with strong E. 21st St. exposure and ample surface parking.
Downtown Indianapolis
Approximately 7 miles west via I-70 — the city's core employment, government, and cultural hub, easily accessible for tenants and clients.
I-70 & I-465 Interchange
Minutes from one of Indianapolis's most-traveled interchange corridors, providing broad market reach across Marion County and surrounding suburbs.
Shadeland Ave. Retail
Adjacent to N. Shadeland Ave., a dense retail corridor with national grocery, QSR, and service retail — walkable amenities for daily tenant needs.
Medical & Professional Corridor
Surrounded by established healthcare and professional office users along the E. 21st St. corridor, supporting medical/dental and general office tenants.
Proximity to Community Hospital East
Located less than one mile from Community Hospital East, a major regional healthcare campus serving Indianapolis' east side. The property's location within a well-established medical and professional services corridor provides access to a large employment base, strong daytime traffic, and long-term demand drivers supported by one of the area's leading healthcare institutions.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,140 SF
Building Class
B
Year Built
1993
Price
$2,271,000
Price Per SF
$187.07
Cap Rate
8.02%
NOI
$182,201
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,140 SF
Building FAR
0.18
Lot Size
1.52 AC
Zoning
C-1 - Commercial
Parking
60 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 49-07-36-133-002.000-700 | Improvements Assessment | $916,400 |
| Land Assessment | $145,000 | Total Assessment | $1,061,400 |
Property Taxes
Parcel Number
49-07-36-133-002.000-700
Land Assessment
$145,000
Improvements Assessment
$916,400
Total Assessment
$1,061,400
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