2186 North Sherman Drive — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46218
  • Size: 80,480 SF

Description

Office | Building Size: 80,480 SF | Land Area: 7.77 ac

Market Context

This office in Indianapolis, IN is listed for sale across 80,480 SF. It has been on the market for 176 days. Compare it against other office listings for sale in Indianapolis, IN — view the full market.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per multiple brokerage reports.

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