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Indianapolis CBD Office Building
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12 N Delaware Street, Indianapolis, IN 46204

Three-story office building in Indianapolis CBD, near City Market.

Space SizeContact for details
Property Size10,129 SF
Days on Market285

Property Features for 12 N Delaware Street

General Information

Standard status Active
Size 10,129 SF
Class B
Property subtype Office

Building Details

Building Size 10,129 SF
Year Built 1930
Listed By: Jess Lawhead, SIOR, CCIM, CBI · License #IN #RB14047741
Source: Svn
Added: Nov 21, 2025 Changed: Aug 21 Last Checked: Sep 1 at 3:58PM

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 Jess Lawhead, SIOR, CCIM, CBI

Investment Insights

Based on property information with market context.

This three-story office building is located in the Indianapolis CBD, situated along Delaware Street and directly across from the historic Indianapolis City Market. The property presents an opportunity for a corporate headquarters or a multi-tenant investment. The location is just north of the intersection of Washington Street and Delaware Street. The building features office and retail space opportunities and includes an elevator. There are also two demised street retail units and 1128 square feet of lower-level space. The property is located across from the $175 million Indianapolis City Market Redevelopment project, which is expected to commence with an $18.8 million adaptive reuse of the Gold Building. The property has a size of 10129 square feet.

Key Highlights

  • Located across from the $175M Indianapolis City Market Redevelopment project.
  • Prime location in the Indianapolis CBD, near Washington and Delaware Streets.
  • Opportunity for corporate headquarters or multi‑tenant investment.

Property Analytics

Current Use

Sheaffer International Indiana Sustainability Organization Headlee Law Offices Law Firm

Suggested Use

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

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

6,865
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$19.9 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
13,554 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
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building in Indianapolis CBD, near City Market.
Where is this office building located?
The property is located at 12 N Delaware Street Indianapolis, IN.
What are key features of this property?
This property features: Located across from the $175M Indianapolis City Market Redevelopment project.; Prime location in the Indianapolis CBD, near Washington and Delaware Streets.; Opportunity for corporate headquarters or multi‑tenant investment.
More about this property
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