1026 N Mitthoeffer Rd - Office FOR SALE


Indianapolis, IN 46229- East Warren
$1,200,000 USD
317-590-3046
1026 N Mitthoeffer Rd, Indianapolis, IN for Sale
$1,200,000 USD
Office - FOR SALE
1/11
null | 10% Cap Rate

1026 N Mitthoeffer Rd
Indianapolis, IN 46229
East Warren


HIGHLIGHTS

  • Fully leased to a reliable tenant on a 5-year term, offering immediate cash flow with a strong 10% capitalization rate
  • Tenant holds a purchase option in 2028, creating flexibility for investors seeking a shorter-term hold or built-in disposition opportunity
  • Hands-off investment with minimal landlord responsibilities—ideal for passive or 1031 exchange investors
  • Located just off E. 10th Street near I-465 and I-70, providing excellent access to major corridors, downtown Indianapolis, and surrounding residential
  • Well-maintained ±5,908 SF building with a professional office configuration suitable for healthcare, administrative, or service-based operations

OVERVIEW

This opportunity combines steady income, low risk, and built-in liquidity through the tenant’s purchase option. Located in a strong, growing submarket of Indianapolis, this property is ideal for investors seeking predictable returns and a potential exit within 3–5 years.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,734 SF

ZONING

C1

APN/PARCEL ID

49-08-32-130-066.000-700

ASK ABOUT THIS PROPERTY

John MerrillKW CommercialMore Info
317-590-3046

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John MerrillKW CommercialMore Info
317-590-3046

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.