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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
Office
Building Size
9,733 SF
Building Class
B
Year Built/Renovated
1986/2025
Price
$1,571,981 CAD
Price Per SF
$161.51 CAD
Cap Rate
10.43%
NOI
$164,033 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
  • -
  • -
  • -

Il y a plus de 50 ans, Carpenter Realtors® a entrepris sa mission d'aider les particuliers et les familles à réaliser leurs rêves d'accession à la propriété. En restant concentré pendant les bons moments et les moments difficiles, Carpenter a continué de croître et de prospérer. Ils ne pourraient pas être plus fiers ou humbles d'avoir plus de 50 ans de liens entre acheteurs, vendeurs et agents tout en ayant un impact sur les communautés qu'ils desservent. Cette longévité n'est possible que grâce à leur engagement envers l'excellence, envers leurs agents et leurs clients.

Tenant Industry SF Occupied Rent/SF Lease End
Real Estate - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
49-08-32-130-066.000-700
Land Assessment
$147,385 CAD
Improvements Assessment
$557,622 CAD
Total Assessment
$705,007 CAD
  • Listing ID: 38409330

  • Date on Market: 2025-11-11

  • Last Updated:

  • Address: 1026 N Mitthoeffer Rd, Indianapolis, IN 46229

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