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Office

Warren Professional Building

7353 East 21st St, Indianapolis, IN 46219

Listing Price: $2,271,000

Cap Rate
8.02%
Gross SF
12,140
Rentable SF
12,140
Price/Gross SF
$187.07
Lot Size
1.52 acres
Year Built
1993

Investment Overview

Strategic Indianapolis Location
East Side corridor with direct connectivity to regional employment, retail, and lifestyle destinations

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.

Investment Highlights

  • 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

Exclusively Listed By

Office

Warren Professional Building

Listing Price: $2,271,000

Cap Rate
8.02%
Gross SF
12,140
Rentable SF
12,140
Price/Gross SF
$187.07
Lot Size
1.52 acres
Year Built
1993

Investment Highlights

  • 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

Investment Overview

Strategic Indianapolis Location East Side corridor with direct connectivity to regional employment, retail, and lifestyle destinations 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.

Exclusively Listed By

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