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1026 N Mitthoeffer Rd
Indianapolis, IN 46229 East Warren

$1,200,000 USD

Office For Sale  •  9,733 SF

Property Details

  • Property Type Office
  • Total Building Size 9,733 SF
  • Lot Size 0.45 AC
  • Building Class B
  • Year Built 1986
  • Cap Rate 10.00 %
  • Tenancy Single
  • Zoning C1
39 Transit Score
51 Walk Score

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

Property Flyers

Cap Rate: 10.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Carpenter Realtors

Public Transportation

AirportDriveWalkDistance
Indianapolis International 42 min - 24.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
John Merrill 317-590-3046 KW Commercial
John Merrill 317-590-3046 KW Commercial