Listed by Haven Realty Commercial
$1,420,000
8420 Indiana St.
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 9,420
Net Rentable (SqFt) 9,420
Cap Rate 8.68%
NOI $123,261
Occupancy 100%
Tenancy Single
Lease Expiration 07/31/2029
Price per SqFt $151
Class B
Year Built 2000
Buildings 1
Stories 2
Acreage 0.831
Zoning C-3
Parking Spaces 32 spaces
Parking Per SqFt 3.40
Investment Type Net Lease
Lease Commencement 08/01/2024
Office | 8.68% CAP | 9,420 SqFt
Marketing description
Prime Updated Office Building - Investment Opportunity
Fully updated 9,240 SF two-story office building. The current tenant occupies the entirety of the space, but the building is still configured to be a 5-unit with separate utilities & Hvac. The flexibility to repositions gives an investor operational upside in the future.
Investment highlights
Near I-65, 32 on-site spaces + street parking, and high-speed internet. Recent upgrades include: new HVAC (2019 & 2023, another install Aug 2025), remodeled kitchens & bathrooms (2022-23), new carpet/paint, fire alarm & pull stations (2021), advanced security with cameras in every room (2023), smart thermostats building-wide, and parking lot resurfacing/restriping (2020).
Listing Contacts
Listed by Haven Realty Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,261.00
$10,271.75/mo
Valuation Metrics
0
DSCR
8.68%
Cap Rate
8.68%
ROI
Map
Zoning
C3 CommercialSpecial CommercialHighway Commercial
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View all 98 uses
View all 98 uses Last updated Jun 8, 2026 For deeper zoning details, reports are available at Zoneomics
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