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    251 N Illinois St Indianapolis, IN 46204

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    For Lease
    Contact for pricing

    High-profile, high-performance creative workspace in the heart of Downtown Indianapolis.

    Property size:
    10,647 SF
    Lot size:
    3.73 Acres

    Property Features for 251 N Illinois St

    General Information

    Size
    10,647 SF
    Lot size
    3.73 Acres

    Source: JLL | Indianapolis Agent Traci A. Kapsalis

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

    Overview

    Downtown Indianapolis Creative Workspace

    Capital Center is transforming to support forward-thinking organizations, delivering a high-profile, high-performance option for companies seeking a creative workspace in the heart of Downtown Indianapolis. The property features an energetic social hub with seating areas and a coffee shop, as well as a high-end bar open during the work week with local operators. An open atrium leads to an outdoor courtyard with a fireplace. The conference center includes training spaces, an executive board room, and breakout areas featuring a kitchen. A fitness center offers a full range of weight machines, treadmills, and Peloton bikes. On-site management and 24-hour security are provided. Underground parking, bike storage, and scooter parking are available. Banking options, a dentist, and a family & sports medical clinic are located on-site. The property includes Café 251, a Cunningham Group restaurant, and Cups Coffee shop. An upscale hotel is coming to the south tower, and a full-service restaurant and lounge are planned for the first floor of the north tower. The property offers 10647 square feet of office space, coffee shops, restaurants, retail properties, fitness centers & gyms, and sports & entertainment properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Synthesis Incorporated Architecture Firm Fifth Third Private ... Financial Planner Indiana Supreme Court ... State Government Office Office of Admissions & Continuing ... State Government Office Fifth Third Business ... Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.159467
    Latitude
    39.7709591

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    FAQs

    What type of property is this?
    Office space - High-profile, high-performance creative workspace in the heart of Downtown Indianapolis.
    Where is this office space located?
    The property is located at 251 N Illinois St Indianapolis, IN.
    What are key features of this property?
    This property features: - High-profile, creative workspace in the heart of Downtown Indianapolis.; - On-site amenities including a conference center, fitness center with Peloton bikes, and multiple dining options.; - Energetic social hub with seating areas, coffee shop, and high-end bar.
    (317) 810-7013
    Request Owner's contact information
    251 N Illinois 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
    251 N Illinois St Indianapolis, IN 46204
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