5342 Elmwood AveIndianapolis, IN 46203

Property Details for 5342 Elmwood Ave

Year built

2004

Construction

METAL FRAME

Lot size

3.79 AC

Property size (Sq ft)

5,760 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Office buildings

APN

49-10-34-126-035.000-302

APU

491034126035000302

Description

The Griffin Buildings at 5342 Elmwood Avenue in Indianapolis, Indiana, offer a versatile multi-tenant industrial/flex property totaling approximately 29,103 square feet. This well-maintained property sits on a fully improved 3.62-acre site, providing ample space and convenient access to major transportation arteries. Its strategic location offers easy access to Interstates 69, 74, 65, and 70 via the southern I-465 loop, ensuring efficient logistics and convenient commutes for employees and clients. The property's flexible design caters to a wide range of business needs, encompassing traditional office space, adaptable flex space, and warehouse capabilities. Currently, one office space of 3,468 square feet is available. Located in Marion County, Indiana, with a 46203 zip code, this property presents a compelling opportunity for businesses seeking high-quality industrial/flex space in a prime Indianapolis location. The property's size and location make it ideal for companies requiring a blend of office, warehouse, and flexible workspace. This is a rare opportunity to secure a well-maintained and strategically located property in a thriving Indianapolis market. The property's multiple tenancy structure offers flexibility for businesses of varying sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $781,236

  6.5%

  $721,141

  7%

  $669,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $587,904

  Geo Method

  $587,904

• Alternative Use

  Use

  Valuation

  Residential

  $894,214

  Hospitality

  $819,096

  Educational

  $681,478

  Medical

  $704,915

  Retail

  $1,060,077

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7066

Longitude

-86.0761

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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