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251 E Ohio St, Indianapolis, IN

Renovated office building in the Market East District.

Space Size1,292 SF - 24,352 SF
Lot Size0.42 Acres
Days on Market1365

Property Features for 251 E Ohio St

General Information

Standard status Active
Size 1,292 SF - 24,352 SF
Lot size 0.42 Acres
Property subtype OFFICE

Site & Location

Neighborhood Downtown

Spaces For Lease

at 251 E Ohio St Contact us
Name Size Type Rate Availability
251 E Ohio St 1,292 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 1,727 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 2,963 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 19,566 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 24,352 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 2,694 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 2,903 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 5,974 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 16,212 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 1,538 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 2,136 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 12,947 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
251 E Ohio St 3,545 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Listing Agency: JLL | Indianapolis
Listed By: John Vandenbark · License #RB14000048
Source: Moodyscre
Added: Feb 2, 2023 Changed: Oct 25 Last Checked: Oct 28 at 9:25AM

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 JLL | Indianapolis

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Investment Insights

Based on property information with market context.

Located in the bustling Market East District of Downtown Indianapolis, 251 E. Ohio Street is an 11-story office building undergoing redevelopment. The building, included in Phase I of the City Market East redevelopment, is being renovated to upgrade from Class B to Class A. Renovations include four new high-speed elevators, lobby improvements, and common area upgrades on all floors. The property is located within walking distance of restaurants on Mass Ave and the Bottleworks District, as well as other retail and entertainment options. Mass Ave, with dining, entertainment, retail, and nightlife, is a 10-minute walk away. Whole Foods Market and Needler’s Fresh Market are both a 5-minute walk. The location allows to live, work and play alongside corporations such as Cummins, BMO and Salesforce. Ample housing options are nearby, including 360 Market Square, Artistry Indy, Ardmore, The Whit, 333 Penn, Pulliam Square, The E’Laan, Penrose on Mass and the Lockerbie Square and Chatham Arch residential neighborhoods. The property is steps away from the Julia Carson Transit Center. Downtown Indy offers 23 miles of bike trails and lanes, including the Cultural Trail. The location has a walking score of 96, a biking score of 95, and a transit score of 65. 251 E Ohio has easy access to I-70 and I-65, allowing commuting to Indianapolis’ most populated suburbs. The property has a size of 24352 square feet.

Key Highlights

  • Newly renovated Class A office building in Downtown Indianapolis' Market East District.
  • Excellent walkability (96 score) and bikeability (95 score) with immediate access to the Cultural Trail.
  • Close proximity to Mass Ave, Bottleworks District, and numerous restaurants, bars, retail, and entertainment options.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bowman Heintz Boscia ... Law Firm Meils Thompson Dietz ... Law Firm 251 East Ohio ... Parking Lot & Garage MOCCA DIALYSIS Cafe & Coffee Shop Aspen Contracting Inc Roofing Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Nursing Home HVAC Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,189
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Indianapolis, IN

$19.1 /SF/Yr
Avg Asking Price
$16–$28 /SF/Yr
Price Range
10,476 SF
Avg Space Size

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025

Frequently Asked Questions

What type of property is this?
Office building - Renovated office building in the Market East District.
Where is this office building located?
The property is located at 251 E Ohio St Indianapolis, IN.
What are key features of this property?
This property features: Newly renovated Class A office building in Downtown Indianapolis' Market East District.; Excellent walkability (96 score) and bikeability (95 score) with immediate access to the Cultural Trail.; Close proximity to Mass Ave, Bottleworks District, and numerous restaurants, bars, retail, and entertainment options.
(317) 810-7178 · Office Call to check price and availability
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