Restored Historic Office
For Sale
Contact for pricing
429 E Vermont St, Indianapolis, IN 46202
Historic office building with 30 surface parking spaces and 33 suites, many under 1,000 RSF.
Property SizeContact for details
Days on Market139
Property Features for 429 E Vermont St
General Information
Standard status
Active
Total Parking Spaces
30
Property subtype
Office
Additional Details
Office Units
33
Building Details
Tenancy
Multi
Listing Agency:
Shook Realty Group
(317) 605-3723
Listed By:
Creighton Shook · License #IN RB14044571
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 11:55AM
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 Shook Realty Group
Investment Insights
Based on property information with market context.
This restored historic office building was built in 1911 and 1919 and has been maintained as part of an in-place office suite configuration. The property includes 33 suites, with 24 suites under 1,000 RSF, which can support straightforward, lower-cost re-leasing if needed. The tenant mix is described as long-term and stable, ranging from law firms to mental health providers and established non-profit organizations. Management also cites built-in revenue opportunities through in-place rent increases and below-market rents.
The property is located in downtown Indianapolis, one block from Mass Ave, in the Historic Lockerbie Square neighborhood. On-site amenities include 30 surface parking spaces, with a tenant waitlist noted in the remarks, providing an additional source of income and potential value-add.
Overall, the building’s historic character and fully restored condition, combined with a suite-based layout and on-site parking, create an operationally flexible office investment profile.
The property is located in downtown Indianapolis, one block from Mass Ave, in the Historic Lockerbie Square neighborhood. On-site amenities include 30 surface parking spaces, with a tenant waitlist noted in the remarks, providing an additional source of income and potential value-add.
Overall, the building’s historic character and fully restored condition, combined with a suite-based layout and on-site parking, create an operationally flexible office investment profile.
Key Highlights
- Historic office building with 33 suites and 30 surface parking spaces
- Built in 1911 and 1919; fully restored and well maintained
- Located 1 block from Mass Ave in the Historic Lockerbie Square neighborhood
Property Analytics
Property Profile
Current Use
Lease Details
33
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Office building - Historic office building with 30 surface parking spaces and 33 suites, many under 1,000 RSF.
Where is this office building located?
The property is located at 429 E Vermont St Indianapolis, IN.
What are key features of this property?
This property features: Historic office building with 33 suites and 30 surface parking spaces; Built in 1911 and 1919; fully restored and well maintained; Located 1 block from Mass Ave in the Historic Lockerbie Square neighborhood
