5101, 5103, 5105 Madison Avenue

For Sale

5101, 5103, 5105 Madison Avenue, Indianapolis, IN 46227

This Indianapolis property for sale is located at 5101, 5103, 5105 Madison Avenue. The general use of 5101, 5103, 5105 Madison Avenue is office and it incorporates 32,600 square feet of class B office space. The current listed sale price for 5101, 5103, 5105 Madison Avenue is $3,500,000. 5101, 5103, 5105 Madison Avenue is situated on a lot that is 3 acre in size.

Contacts

Ralph Balber

ALO Property Group

Property Details

  • 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
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.
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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

Attachments

Getting around

  • 54/100

    Walk Score ®

  • 26/100

    Transit Score ®

  • 49/100

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Location

  • City Indianapolis, IN
  • Neighborhood Edgewood
  • Zip Code 46227
  • Market Indianapolis

Points of Interest

  • Speedway

    0.36 miles

  • BP

    1.32 miles

  • GetGo

    1.35 miles

  • Shell

    1.67 miles

  • Electrify America

    2.76 miles

  • Tesla Supercharger

    3.02 miles

  • ChargePoint

    4.81 miles

  • Tesla Destination Charger

    6.96 miles

  • Visitor

    1.19 miles

  • ADA Parking

    1.49 miles

  • Knight's Inn Check-In Parking

    2.84 miles

  • Large Vehicle Parking Lot

    2.86 miles

  • Truck Parking

    2.87 miles

  • Lot C

    4.69 miles

  • LaRosa South

    4.72 miles

  • Lot 43 South

    4.75 miles

  • Lot 48

    4.77 miles

  • Lot 98

    4.80 miles

  • Indy Lodge

    0.66 miles

  • Holiday Inn Express Indianapolis South

    0.71 miles

  • Comfort Inn South

    0.80 miles

  • Travel Inn

    0.82 miles

  • Super 8 by Wyndham Indianapolis South

    0.93 miles

  • Comfort Inn

    1.73 miles

  • Comfort Suites

    2.68 miles

  • America's Best Inn

    2.70 miles

  • Super 8 by Wyndham Indianapolis

    2.72 miles

  • Super 8 by Wyndham Indianapolis/Emerson Ave

    2.77 miles

  • Aithawng Asia Grocery

    0.22 miles

  • 21 Asian Grocery

    0.35 miles

  • Big Lots

    0.40 miles

  • Kroger

    0.83 miles

  • Walmart Neighborhood Market

    1.57 miles

  • Lemro Asian Grocery Store

    1.94 miles

  • Ram Tha Asian Grocery

    1.95 miles

  • Ti Ti Asian Grocery

    2.12 miles

  • Lelen Asian Grocery Store

    2.15 miles

  • Walmart Supercenter

    2.22 miles

Contact Listing Broker
Ralph Balber

ALO Property Group

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