Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    12 N Delaware St Indianapolis, IN 46204

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($11,817 /Mo)

    Three-story office building in Indianapolis CBD, near City Market.

    Property size:
    10,129 SF
    Lot size:
    10,129 SF

    Property Features for 12 N Delaware St

    General Information

    Size
    10,129 SF

    Building Details

    Year built
    1930

    Source: Jess Lawhead, CCIM Agent Jess Lawhead, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis CBD Office Building

    This three-story office building is located in the Indianapolis CBD, situated along Delaware Street and directly across from the historic Indianapolis City Market. The property presents an opportunity for a corporate headquarters or a multi-tenant investment. The location is just north of the intersection of Washington Street and Delaware Street. The building features office and retail space opportunities and includes an elevator. There are also two demised street retail units and 1128 square feet of lower-level space. The property is located across from the $175 million Indianapolis City Market Redevelopment project, which is expected to commence with an $18.8 million adaptive reuse of the Gold Building. The property has a size of 10129 square feet.
    Location Intelligence

    Current Use by Public Records

    Sheaffer International Indiana Environmental Program Headlee Law Offices Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.154661
    Latitude
    39.7674531

    Nearby Similar for Lease

    • $18 SF/Yr
      16,840 SF

      Versatile Flex Space in Indianapolis

      Multi-tenant industrial/office/flex space for lease in Indianapolis.
      9130 Otis Ave, Indianapolis, IN 46216
      View Details
    • $6,500 /Mo
      4,249 SF

      Indianapolis Office Space For Lease

      Office space for lease with excellent visibility and flexible layout.
      4521 Independence Sq, Indianapolis, IN 46203
      View Details
    • $2,500 /Mo
      1,600 SF

      Renovated Office Space in Indianapolis

      Turn-key, renovated office space in the heart of Broad Ripple.
      6543 Ferguson St, Indianapolis, IN 46220
      View Details
    • New
      $5,385 /Mo
      51,420 SF

      Professional Office Space Near I-65

      3,800 SF office space near Franciscan Health and I-65.
      5136 E Stop 11 Rd, Indianapolis, IN 46237
      View Details
    • $1,565 /Mo
      1,876 SF

      Retail Space in High-Visibility Center

      1876 sq ft retail space available in Indianapolis, IN.
      5002 Madison Ave, Indianapolis, IN 46227
      View Details
    • $1,700 /Mo
      10,924 SF

      Retail Space in High-Visibility Center

      Retail space available in a high-traffic Indianapolis location.
      5002 Madison Ave, Indianapolis, IN 46227
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building in Indianapolis CBD, near City Market.
    Where is this office building located?
    The property is located at 12 N Delaware St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Located across from the $175M Indianapolis City Market Redevelopment project.; - Prime location in the Indianapolis CBD, near Washington and Delaware Streets.; - Opportunity for corporate headquarters or multi-tenant investment.
    (317) 447-4403
    Request Owner's contact information
    12 N Delaware St Indianapolis, IN 46204
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12 N Delaware St
    Indianapolis, IN 46204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 N Delaware St Indianapolis, IN 46204
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.