Broad Ripple Investment Portfolio

For Sale

5232, 5236, 5240, & 5260 Winthrop Avenue, Indianapolis, IN 46220

This Indianapolis property for sale is located at 5232, 5236, 5240, & 5260 Winthrop Avenue. The general use of Broad Ripple Investment Portfolio is office and it incorporates 5,907 square feet of class C office space. The current listed sale price for Broad Ripple Investment Portfolio is $1,400,000. Broad Ripple Investment Portfolio is situated on a lot that is 0.73 acre in size.

Contacts

broker
Jess Lawhead

SVN | Northern Commercial

Property Details

  • Property Type Office - General Office
  • Property Size 5,907 SF
  • Units 4
  • Lot Size 0.73 Acre
  • Building Class C
  • Date Updated Jun 2, 2025
Located on Winthrop Avenue in Broad Ripple, Indianapolis, these four commercial office buildings offer good visibility and easy access to major roads and public transportation. The area has a strong mix of retail, dining, and service businesses, making it convenient for employees and clients.This portfolio includes four commercial office buildings totaling approximately 5,907 square feet of usable main-level office space on Winthrop Avenue in Broad Ripple, Indianapolis. All properties are zoned C-1 and offer office space suitable for a variety of professional uses. The location provides good visibility and convenient access to major roads and public transit, with nearby retail and dining options. This package offers flexibility for investors or businesses seeking office space in an active commercial area. 5232 Winthrop Avenue This 940-square-foot building features a straightforward office layout suitable for small professional firms. It also includes a 459-square-foot unfinished basement. The main level provides a functional and efficient work environment with easy street access. 5236 Winthrop Avenue Offering 720 square feet of usable office space on the main level, this building has a practical floor plan for professional use. It also includes a 500-square-foot unfinished basement. Recent updates to the windows and roofing provide low-maintenance appeal for tenants or owner-occupants. 5240 Winthrop Avenue This is the largest main-level space in the portfolio at approximately 2,000 square feet and currently serves as the main office. Its layout is well-suited for teams or businesses needing more room. The property also features a dedicated parking lot, a valuable asset in this busy Broad Ripple area. 5260 Winthrop Avenue This building offers 2,694 total square feet, with 1,347 square feet on the main level and 1,347 square feet in the basement. It is the only property in the portfolio with a finished and usable lower level. The spacious layout and strong street presence make it ideal for larger office users or potential multi-tenant use.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Portfolio of four commercial office buildings totaling approximately 5,907 square feet of main-level office space
  • Zoned C-1, allowing flexible commercial office use
  • Located on Winthrop Avenue in the active Broad Ripple area
  • Good street visibility and convenient access to major roads and public transportation
  • Buildings range in size from 720 to 2,000 square feet on the main level, suitable for small to medium office users
  • Additional basement space in each building, with 5260 Winthrop offering a finished and usable lower level
  • Recent improvements to select properties, including updated roofing and windows
  • Strong rental and investment potential in a desirable and walkable neighborhood

Getting around

  • 82/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Indianapolis, IN
  • Neighborhood Forest Hills
  • Zip Code 46220
  • Market Indianapolis

Points of Interest

  • Marathon

    1.04 miles

  • Ricker's

    1.09 miles

  • BP

    1.69 miles

  • Rich Oil

    1.74 miles

  • Speedway

    1.81 miles

  • Shell

    1.94 miles

  • Citgo

    2.05 miles

  • Phillips 66

    2.36 miles

  • Mobil

    2.38 miles

  • eVgo

    4.93 miles

  • Broad Ripple Garage

    1.47 miles

  • Fresh Thyme/The Coil Parking Garage

    1.60 miles

  • Back-In Parking

    1.76 miles

  • East Parking Pavilion

    2.04 miles

  • Childrens Museum Parking Garage

    2.72 miles

  • Julia M. Carson Learning Resource Center & Parking Garage

    3.05 miles

  • Circle City Residential Parking

    4.48 miles

  • Indy Flats Residential Parking

    4.53 miles

  • Ironworks Hotel

    4.55 miles

  • The Savoy

    5.28 miles

  • Indy Hostel

    0.36 miles

  • Hotel Broad Ripple

    1.80 miles

  • Marblehead

    2.37 miles

  • Homewood Suites by Hilton Indianapolis - Keystone Crossing

    4.55 miles

  • Ironworks Hotel

    4.59 miles

  • TownePlace Suites

    4.65 miles

  • Bottleworks Hotel

    4.73 miles

  • Sheraton Indianapolis Hotel at Keystone Crossing

    4.96 miles

  • Nestle Inn

    4.98 miles

  • Mayfair Motel

    5.02 miles

  • Locally Grown Gardens

    0.25 miles

  • Nicole Taylor's Pasta Market

    0.26 miles

  • The Fresh Market

    0.29 miles

  • Meijer

    1.02 miles

  • Safeway

    1.05 miles

  • ALDI

    1.12 miles

  • KB International Inc

    1.15 miles

  • Fresh Thyme

    1.57 miles

  • Good Earth Natural Food Co.

    1.62 miles

  • Target

    1.71 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Jess Lawhead

SVN | Northern Commercial

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.