8091 Township Line Road 8091 Township Line Rd 35,840 SF 85% Leased Office Building Indianapolis, IN 46260 $4,465,000 ($124.58/SF) 9.25% Cap Rate

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present for sale 8091 Township Line Road, a two-story, multi-tenant medical office investment property totaling approximately 35,840 square feet. Located in the Northwest Indianapolis medical corridor, this asset sits on ±0.53 acres and features 11 tenant suites, a strong roster of healthcare and nonprofit organizations, and proximity to major hospital systems and interstates. Originally built in 1984, the property is currently 90.8% occupied and has demonstrated consistent historical leasing with a WALE of 3.26 years. This investment presents a rare opportunity to acquire a value-add medical/office asset in a core Indianapolis healthcare submarket.
Market: 8091 Township Line Road is strategically located in one of the city’s most established healthcare clusters, surrounded by St. Vincent Hospital, Community Health Pavilion, and numerous specialty practices. With immediate access to I-465, I-865, and I-65, the site offers easy connectivity across the Indianapolis metro, while maintaining a suburban professional park environment. The property is 41 minutes from Indianapolis International Airport, and benefits from strong local demographics, with over 940,000 residents within a 10-mile radius and median household incomes exceeding $100,000 within 3 miles.
Stable Current Tenant Mix: The tenancy features a diverse mix of established healthcare providers and service-based tenants, including Ascension St. Vincent, Axia Women’s Health, Patchwork Indy, and Dendreon. With several multi-suite users and recent lease extensions, the asset maintains predictable in-place income. The building layout supports professional medical users with multiple ingress/egress points, surface parking, and flexible suite sizes, offering long-term adaptability for tenants and future re-leasing.
Why 8091 Township Line Road?
This is a rare chance to acquire a value-add medical/office asset, income-generating asset with medical tenancy, high visibility, and superior access. With limited competing supply and continued growth in the healthcare sector, the property is well positioned for sustained occupancy and NOI growth in a supply-constrained submarket.
Investors will benefit from below-replacement-cost pricing, long-standing tenancy, and the prestige of being within one of the most desirable medical office corridors in Indianapolis.