Skip to main content

Office

Park 31 South

5214 S East St, Indianapolis, IN 46227

Listing Price: $3,680,000

Cap Rate
9.01%
Gross SF
39,153
Rentable SF
39,153
Price/Gross SF
$93.99
Lot Size
3.99 acres
Year Built
1986

Investment Overview

Industrial Market and Development Activity
Greenwood and the surrounding Southern Indianapolis region continue to attract industrial and residential investment through:

- Population growth and residential expansion supporting local business demand
- Growth in medical office, professional services, and small business users
- Expansion of retail and service corridors along US-31
- Strategic access to I-65 and I-465 providing regional connectivity

Office parks and commercial corridors throughout the submarket continue to experience stable tenant demand, with ongoing reinvestment and repositioning of existing assets. Recent activity reflects confidence in the area’s demographics, transportation access, and long-term suburban growth trends.

Major Industrial & Economic Drivers
- Proximity to Downtown Indianapolis supporting access to a diverse employment base
- Regional retail and commercial concentration along the US-31 corridor
- Strong healthcare presence driving medical office and service demand
- Growth in small business, professional services, and local operators
- Expanding suburban population supporting sustained demand for office and service-oriented space

Competitive Advantages
- Transportation Access: Immediate connectivity to US-31, I-65, and I-465, providing efficient access to Downtown Indianapolis and regional markets
- Labor Base: Access to a growing suburban workforce with proximity to the broader Indianapolis labor pool
- Cost Structure: Competitive occupancy and operating costs relative to downtown and higher-cost submarkets
- Pro-Business Environment: Ongoing reinvestment and local support for commercial development along key corridors

Investment Highlights

  • Proximity to Downtown Indianapolis Supporting Access to a Diverse Employment Base
  • Expanding Suburban Population Supporting Sustained Demand for Office and Service-Oriented Space
  • Regional Retail and Commercial Concentration Along the US-31 Corridor
  • Strong Healthcare Presence Driving Medical Office and Service Demand

Exclusively Listed By

Listing Price: $3,680,000

Cap Rate
9.01%
Gross SF
39,153
Rentable SF
39,153
Price/Gross SF
$93.99
Lot Size
3.99 acres
Year Built
1986

Investment Highlights

  • Proximity to Downtown Indianapolis Supporting Access to a Diverse Employment Base
  • Expanding Suburban Population Supporting Sustained Demand for Office and Service-Oriented Space
  • Regional Retail and Commercial Concentration Along the US-31 Corridor
  • Strong Healthcare Presence Driving Medical Office and Service Demand

Investment Overview

Industrial Market and Development Activity Greenwood and the surrounding Southern Indianapolis region continue to attract industrial and residential investment through: - Population growth and residential expansion supporting local business demand - Growth in medical office, professional services, and small business users - Expansion of retail and service corridors along US-31 - Strategic access to I-65 and I-465 providing regional connectivity Office parks and commercial corridors throughout the submarket continue to experience stable tenant demand, with ongoing reinvestment and repositioning of existing assets. Recent activity reflects confidence in the area’s demographics, transportation access, and long-term suburban growth trends. Major Industrial & Economic Drivers - Proximity to Downtown Indianapolis supporting access to a diverse employment base - Regional retail and commercial concentration along the US-31 corridor - Strong healthcare presence driving medical office and service demand - Growth in small business, professional services, and local operators - Expanding suburban population supporting sustained demand for office and service-oriented space Competitive Advantages - Transportation Access: Immediate connectivity to US-31, I-65, and I-465, providing efficient access to Downtown Indianapolis and regional markets - Labor Base: Access to a growing suburban workforce with proximity to the broader Indianapolis labor pool - Cost Structure: Competitive occupancy and operating costs relative to downtown and higher-cost submarkets - Pro-Business Environment: Ongoing reinvestment and local support for commercial development along key corridors

Exclusively Listed By

MM Texture Background
MM Textured Background Lower