Banta Trails — Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Indianapolis, IN 46227
  • Size: 266,631 SF
  • Year built: 1991

Description

This prime commercial property offers exceptional flexibility for a wide range of office and medical users. With direct suite access, ample on-site parking, and excellent connectivity via US 31 and I-465, it’s designed for both convenience and accessibility. The adaptable floor plans can be tailored to suit various professional needs—from medical practices and administrative offices to specialized service providers. Situated in a high-visibility corridor with strong surrounding amenities, this property is a strategic choice for tenants seeking a dynamic, well-located space to grow their business. Building SF: 266631 | Land Size: 3.0 Ac | Year Built: 1991 | Listing Type: FOR LEASE

Market Context

This office in Indianapolis, IN is listed for lease across 266,631 SF. The building dates to 1991. 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 266,631 SF: $493,267 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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