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    241 N Pennsylvania St Indianapolis, IN 46204

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    For Lease
    $5,950,000

    Renovated, LEED GOLD certified office building with on-site fitness center.

    Property size:
    31,187 SF
    Lot size:
    0.18 Acres

    Property Features for 241 N Pennsylvania St

    General Information

    Size
    31,187 SF
    Lot size
    0.18 Acres

    Source: Colliers Agent Aaron Snoddy

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

    Overview

    Historic Office Building with Fitness Center

    This historic, early-century style building, constructed in 1902 and renovated in 2011, offers 31,187 square feet of space across four floors and a lower level. Typical floor plates are approximately 6,258 gross square feet. The property is LEED GOLD certified and includes an on-site fitness center complete with showers and a locker room. Sub-surface parking is available with 13 spaces. The building offers highly visible signage opportunities.
    Location Intelligence

    Current Use by Public Records

    Ignition Inc Design Agency Office Indy Commercial Real Estate Agency wR2 Advisors of Raymond ... Financial Planner Root Wellness Personal Trainer Istoria Group Design Agency

    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
    -86.155623
    Latitude
    39.771017

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    FAQs

    What type of property is this?
    Office building - Renovated, LEED GOLD certified office building with on-site fitness center.
    Where is this office building located?
    The property is located at 241 N Pennsylvania St Indianapolis, IN.
    What are key features of this property?
    This property features: - LEED GOLD Certified building; - On-site sub-surface parking with 13 spaces; - Enjoy the convenience of an on-site fitness center with showers & locker room
    (317) 410-5962
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    241 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
    241 N Pennsylvania St Indianapolis, IN 46204
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