- For Sale $3,500,000
- Property Type Office - General Office
- Property Size 32,600 SF
- Units 2
- Lot Size 3 Acre
- Building Class B
- Year Built 1979
- Date Updated Apr 21, 2026
Description
Strategically positioned along Madison Avenue on Indianapolis’ established south side, 5101, 5103, and 5105 Madison Avenue provide direct frontage on a high-traffic commercial corridor. The property offers immediate access to I-465 and US-31, allowing convenient connectivity to Downtown Indianapolis and the broader region. The surrounding area includes national retailers, restaurants, medical services, and established residential neighborhoods, supporting consistent activity and workforce accessibility. Nearby employment and industrial centers further strengthen the location’s utility. An adjacent fourth building is also available separately, offering additional scale with the option for individual acquisition or a potential sale-leaseback structure.5101, 5103, and 5105 Madison Avenue present a 32,600 SF multi-building office portfolio situated on approximately 3.00 acres in Indianapolis, Indiana. The offering consists of three office buildings constructed in 1970, 1998, and 2000 and positioned across three contiguous parcels. Improvements include one two-story structure and two single-story buildings, offering flexible configurations suitable for multi-tenant occupancy or owner-user integration. The assets may be acquired individually or as a portfolio. An adjacent fourth building is also available separately, with potential for a sale-leaseback structure. The property supports a variety of investment strategies, including stabilized hold, phased acquisition, or strategic repositioning.
Highlights
- 32,600 SF multi-building office portfolio
- 5101: Two-story office building
- 5103 & 5105: Single-story office buildings
- Adjacent fourth building available separately, with potential sale-leaseback
- Available individually or as a portfolio acquisition
- Constructed in 1979 (5103), 1980 (5101), and 1987 (5105)
- Situated on approximately 3.00 acres
- Suitable for multi-tenant investment or owner-user strategy
- Three buildings across three contiguous parcels
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Contacts
Ralph Balber
ALO Property Group
Location
Located at 5101, 5103, 5105 Madison Avenue, Indianapolis, IN 46227, this property is part of the Edgewood neighborhood and Indianapolis market.
Contact Listing Broker
Ralph Balber
ALO Property Group