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Unique Identity Building Opportunity
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1234 E Washington St, Indianapolis, IN

Penthouse offers unique identity with restored features and modern offices.

Space Size1,495 SF
Lot Size0.40 Acres
Days on Market668

Property Features for 1234 E Washington St

General Information

Standard status Active
Size 1,495 SF
Lot size 0.40 Acres
Property subtype RETAIL

Site & Location

Neighborhood Downtown

Spaces For Lease

at 1234 E Washington St
1008 E Washington St AVAILABLE, Now
Floor 1
Size 1,495 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- The Penthouse offers tenants the opportunity to have their own building, with their own unique identity. - The first floor has original late 1800s pressed tin ceilings that have been restored exposed brick walls. - The second floor provides an open floor plan, conference space and separate, private office with a window line along Cruse Street. - The third floor is finished with contemporary c-suite level executive office space.
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Listing Agency: CBRE | Indianapolis
Listed By: Diana Zagarzhevskiy · License #RB20001523
Source: Moodyscre
Added: Dec 30, 2024 Changed: Oct 26 Last Checked: Oct 28 at 9:18AM

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 CBRE | Indianapolis

Rey
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Investment Insights

Based on property information with market context.

This property, referred to as The Penthouse, offers tenants the opportunity to occupy an entire building, allowing for a unique identity. The first floor features original, restored pressed tin ceilings dating back to the late 1800s, along with exposed brick walls. The second floor provides an open floor plan, a conference space, and a separate, private office with a window line along Cruse Street. The third floor is finished with contemporary executive office space. The property has a size of 3450 square feet.

Key Highlights

  • Entire building occupancy provides a unique identity and branding opportunity.
  • C‑suite level executive office space on the third floor.
  • Open floor plan and conference space on the second floor.

Property Analytics

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

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Nail Salon Hair Salon Storage Facility

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

1,651
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$19.33 /SF/Yr
Avg Asking Price
$2.22–$36 /SF/Yr
Price Range
9,257 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?
Retail space - Penthouse offers unique identity with restored features and modern offices.
Where is this retail space located?
The property is located at 1234 E Washington St Indianapolis, IN.
What are key features of this property?
This property features: Entire building occupancy provides a unique identity and branding opportunity.; C‑suite level executive office space on the third floor.; Open floor plan and conference space on the second floor.
(317) 518-6257 · Office Call to check price and availability
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