2421/2441 Production Drive: Executive Office Suites — Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Indianapolis, IN 46241
  • Size: 24,920 SF
  • Year built: 1975

Description

Executive West Office Park offers recently renovated office suites with free parking. Convenient operational location for service businesses that need easy access to downtown, Indianapolis airport and the suburbs. This location is minutes from the heart of downtown, the Indianapolis International Airport, as well as to I-465, I-70 and I-74. Full service rent includes one price for rent with everything you need---High Speed Fiber internet, Phone System, modern communications with local and nationwide calling, voicemail to email, plus web conferencing. Additional customized Cumulus Enterprise Mobility services available for logistics, security and call centers through landlord's own teldata company. Full Service Rent Includes: Utilities for Regular Business Hours High Speed Fiber Internet State-of-the-art telephone system with local and nationwide calling, voice mail to email, twinning, audio and web conferencing. Security System Free Parking available for employees and vehicles with up to 15 parking spaces included Overnight and weekend parking available. Building SF: 24920 | Land Size: 2.19 Ac | Year Built: 1975 | Listing Type: FOR LEASE

Market Context

This office in Indianapolis, IN is listed for lease across 24,920 SF. The building dates to 1975. It has been on the market for 71 days. Compare it against other office listings for lease 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.

Estimated Market Rate

$1.57/SF/mo – $2.13/SF/mo

Mid: $1.85/SF/mo

Estimated total for 24,920 SF: $46,102 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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