Historic Office
108 E 9th St, Indianapolis, IN 46202
For Sale
Contact for pricing
Flexible professional property with distinctive architectural details, updated infrastructure, and potential for a live-work configuration.
Property Size3,034 SF
Price / SF$173.04
Days on Market49
Property Features for 108 E 9th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
natural light
high ceilings
original woodwork
built-in features
fireplaces
central stairwell
updated kitchen
formal dining area
library
upper-level laundry
wired-for-data infrastructure
central air
natural gas heating
wraparound porch
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
F.C. Tucker Company
Listed By:
Annie Scott · License #RB15000739
(317) 902-8622
Source:
Moodyscre
Added: Sep 20
Changed: Nov 1
Last Checked: Nov 6 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker Company
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Investment Insights
Based on property information with market context.
Built in 1898, this brick office property provides approximately 3,034 square feet across three levels. The current law-office layout includes private offices, meeting areas, workspaces, reception potential, and a central stairwell connecting each floor. Original woodwork, built-in features, high ceilings, natural light, and five fireplaces add character, while central air, natural gas heat, wired-for-data infrastructure, an updated kitchen, formal dining area, library, and upper-level laundry support daily operations. A reconstructed two-story wraparound porch, elevated city views, and a new roof further enhance the property.
Located at 108 E 9th St in downtown Indianapolis, the property is within walking distance of the Central Library, Mass Ave, American Legion Mall, Monument Circle, restaurants, hotels, cultural attractions, and downtown businesses. Nearby Cultural Trail and bike infrastructure connect to additional downtown destinations, including Bottleworks District and the Monon Trail. The three-story configuration and residential character also support a potential live-work use.
Located at 108 E 9th St in downtown Indianapolis, the property is within walking distance of the Central Library, Mass Ave, American Legion Mall, Monument Circle, restaurants, hotels, cultural attractions, and downtown businesses. Nearby Cultural Trail and bike infrastructure connect to additional downtown destinations, including Bottleworks District and the Monon Trail. The three-story configuration and residential character also support a potential live-work use.
Key Highlights
- Approximately 3,034 square feet across three levels
- Originally built in 1898 with brick construction, original woodwork, and built‑in features
- Five fireplaces, high ceilings, natural light, and a central connecting stairwell
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,058
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,160
$801.2K
Cap Rate 7%
$572,257
$572.3K
Cap Rate 9%
$445,089
$445.1K
Market Conditions
NOI Build-Up for 3,034 SF
Gross rent
$65.5K $21.60/SF
− Vacancy
−$12.1K −$4.00/SF
EGI
$53.4K $17.60/SF
− OpEx
−$13.4K −$4.40/SF
NOI
$40.1K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,160
Cap Rate 7%
$572,257
Cap Rate 9%
$445,089
Alternative Uses
Best Use
Office B
$572.3K
$500.7K – $667.6K
NOI $40,058 @ 7.0% cap · market cap 7.63%
Second Best
Mixed Use
$526.6K
$460.8K – $614.4K
NOI $36,863 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$755.2K
$660.8K – $881.1K
NOI $52,864 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,789
Businesses Nearby
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Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
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Market
Properties on Market for Office buildings in Indianapolis
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - Flexible professional property with distinctive architectural details, updated infrastructure, and potential for a live-work configuration.
Where is this office building located?
The property is located at 108 E 9th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 3,034 square feet across three levels; Originally built in 1898 with brick construction, original woodwork, and built‑in features; Five fireplaces, high ceilings, natural light, and a central connecting stairwell
