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    115 N Pennsylvania St Indianapolis, IN 46204

    For Lease
    $26 SF/Yr ($6,435 /Mo)

    Street-level space in Penn Street Tower, downtown Indianapolis.

    Property size:
    2,970 SF
    Lot size:
    0.00 Acres

    Property Features for 115 N Pennsylvania St

    General Information

    Size
    2,970 SF
    Lot size
    0.00 Acres

    Source: Cushman & Wakefield | Indianapolis Agent William French

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

    Overview

    Prime Downtown Retail/Office Space

    Available for lease is a 2,970 square feet street-level entrance space located in the Penn Street Tower. This space offers retail presence and is situated in downtown Indianapolis. The location provides visibility to both pedestrian and vehicular traffic, complemented by street parking. The property is surrounded by office towers, offering exposure to daytime employees, visitors, and residents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office of Senator Mike ... Federal Government Office True Blue Polygraph Polygraph Service Home2 Suites by ... Hotel Penn Street Tower ... Apartment Complex The Wedding Studio Indy Wedding Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1558999
    Latitude
    39.7690433

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    FAQs

    What type of property is this?
    Office space - Street-level space in Penn Street Tower, downtown Indianapolis.
    Where is this office space located?
    The property is located at 115 N Pennsylvania St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - 2,970 SF street-level entrance space in the iconic Penn Street Tower.; - Incredible opportunity in Indy's downtown core.; - Great visibility to pedestrian and vehicular traffic.
    (317) 590-5052
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    115 N Pennsylvania St Indianapolis, IN 46204
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    Indianapolis, IN 46204
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    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
    115 N Pennsylvania St Indianapolis, IN 46204
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