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1026 N Mitthoeffer Rd 9,733 SF Office Building Indianapolis, IN 46229 $1,674,240 CAD ($172.02 CAD/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased to a reliable tenant on a 5-year term, offering immediate cash flow with a strong 10% capitalization rate
- Hands-off investment with minimal landlord responsibilities—ideal for passive or 1031 exchange investors
- Well-maintained ±5,908 SF building with a professional office configuration suitable for healthcare, administrative, or service-based operations
- Tenant holds a purchase option in 2028, creating flexibility for investors seeking a shorter-term hold or built-in disposition opportunity
- Located just off E. 10th Street near I-465 and I-70, providing excellent access to major corridors, downtown Indianapolis, and surrounding residential
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
9,733 SF
Building Class
B
Year Built/Renovated
1986/2025
Price
$1,674,240 CAD
Price Per SF
$172.02 CAD
Cap Rate
10%
NOI
$167,424 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,530 SF
Slab To Slab
10’
Building FAR
0.49
Lot Size
0.45 AC
Zoning
C1
Parking
20 Spaces (2.05 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Real Estate
- -
- -
- -
Over 50 years ago, Carpenter Realtors® started on its mission of helping individuals and families make their dreams of homeownership a reality. By remaining focused through the good times and the tough times, Carpenter has continued to grow and thrive. They couldn’t be more proud or humbled to have over 50 years of connecting buyers, sellers and agents while impacting the communities they serve. This longevity is only possible because of their commitment to excellence, to their agents and to their clients.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Real Estate | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 49-08-32-130-066.000-700 | Improvements Assessment | $436,483 CAD |
| Land Assessment | $148,858 CAD | Total Assessment | $585,342 CAD |
PROPERTY TAXES
Parcel Number
49-08-32-130-066.000-700
Land Assessment
$148,858 CAD
Improvements Assessment
$436,483 CAD
Total Assessment
$585,342 CAD
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1026 N Mitthoeffer Rd
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