Downtown Indianapolis Office Building For
For Lease
Contact for pricing
150 W Market Street, Indianapolis, IN 46204
116,504 SF office building in downtown Indianapolis.
Space Size2,025 SF - 6,779 SF
Lot Size0.30 Acres
Days on Market6201
Property Features for 150 W Market Street
General Information
Standard status
Active
Size
2,025 SF - 6,779 SF
Lot size
0.30 Acres
Property subtype
OFFICE
Lease Type
Full Service
Spaces For Lease
at 150 W Market Street Contact usISTA Building $21/SF/Yr
Floor
5
Size
3,322 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
Yes
Class A office space directly across from the Indiana State Capitol Building
± 675 SF to ± 8,405 SF available
Full height floor to ceiling windows throughout
Conference room and reception area on 2nd floor
Lincoln Square Pancake House located on 1st floor
Major renovations complete:
New security desk
New elevator cabs
New artwork and furniture
Major HVAC upgrades
Digital flat screen directories
Upgraded common area finishes
Contact us ISTA Building $21/SF/Yr
Floor
5
Size
6,434 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Class A office space directly across from the Indiana State Capitol Building
± 675 SF to ± 8,405 SF available
Full height floor to ceiling windows throughout
Conference room and reception area on 2nd floor
Lincoln Square Pancake House located on 1st floor
Major renovations complete:
New security desk
New elevator cabs
New artwork and furniture
Major HVAC upgrades
Digital flat screen directories
Upgraded common area finishes
Contact us ISTA Building $21/SF/Yr
Floor
7
Size
6,779 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Class A office space directly across from the Indiana State Capitol Building
± 675 SF to ± 8,405 SF available
Full height floor to ceiling windows throughout
Conference room and reception area on 2nd floor
Lincoln Square Pancake House located on 1st floor
Major renovations complete:
New security desk
New elevator cabs
New artwork and furniture
Major HVAC upgrades
Digital flat screen directories
Upgraded common area finishes
Contact us ISTA Building $21/SF/Yr
Floor
Lower Level
Size
2,025 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Class A office space directly across from the Indiana State Capitol Building
± 675 SF to ± 8,405 SF available
Full height floor to ceiling windows throughout
Conference room and reception area on 2nd floor
Lincoln Square Pancake House located on 1st floor
Major renovations complete:
New security desk
New elevator cabs
New artwork and furniture
Major HVAC upgrades
Digital flat screen directories
Upgraded common area finishes
Contact us
Listing Agency:
Colliers
(317) 713-2100
Listed By:
Rich Forslund · License #RB14040892
(317) 507-8591
Source:
Moodyscre
Added: Oct 22, 2009
Changed: Oct 7
Last Checked: Oct 12 at 10:41PM
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 Colliers
Investment Insights
Based on property information with market context.
This 116,504 square foot office building is located in the central business district of Downtown Indianapolis. Constructed in 1958 and renovated in 1987, 1994, and most recently in 2021, the property is currently 81.92% occupied by 19 tenants. The weighted average lease term (WALT) is 4.04 years. The property offers a stable in-place income stream with the potential to increase income by leasing the remaining vacant space. Tenants have access to public transit, nearby parking, and walkable access to dining, entertainment, and civic amenities.
Key Highlights
- Premier central business district location in Downtown Indianapolis.
- Stable in‑place income stream with 81.92% occupancy and a 4.04‑year WALT.
- Upside potential through leasing remaining vacancies.
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,865
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Indianapolis, IN
$19.23 /SF/Yr
Avg Asking Price
$16–$28 /SF/Yr
Price Range
11,360 SF
Avg Space Size
This space is priced 9% above the average of $19.23 /SF/Yr.
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 116,504 SF office building in downtown Indianapolis.
Where is this office building located?
The property is located at 150 W Market Street Indianapolis, IN.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Premier central business district location in Downtown Indianapolis.; Stable in‑place income stream with 81.92% occupancy and a 4.04‑year WALT.; Upside potential through leasing remaining vacancies.
