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Multi-Suite Office Building
For Sale
$575,000

1300 N Pennsylvania Street, Indianapolis, IN 46202

Commercial Sale, Indianapolis, IN

Property Size5,700 SF
Lot Size0.23 Acres
Price / SF$100.88
Days on Market19

Property Features for 1300 N Pennsylvania Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial - Office
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Subdivision 4910 - Marion - Center
Standard status Active
APN 490636109004000101
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lewis Sub L7 & Surplus N Of & Adj
Legal Description Lewis Sub L7 & Surplus N Of & Adj

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

copy rooms
kitchenettes
reception area
conference room
large windows
dedicated rear parking
private lot
on-street parking

Building Details

Year built 1930
Floors in Building 3
Listing Agency: eXp Realty LLC
Listed By: Jimmy Dulin · License #RB14033565
Added: Aug 5 Changed: Aug 20 Last Checked: Aug 23 at 5:06AM
MLS# 22118495

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1930, this commercial office property contains 16 private, fully built-out suites arranged across two floors. Each suite includes a dedicated reception area, while copy rooms and kitchenettes support day-to-day operations. The property is zoned Commercial - Office and includes forced-air heating and central air conditioning.

Three tenants currently occupy the building, including two attorneys and a home builder. Thirteen suites are available for lease, including the entire first floor, which has its own reception area and a spacious conference room. The first floor has accessible entry; the second floor is reached by stairs, with no elevator. Dedicated rear parking provides direct building access, and additional on-street parking is available. The property is located at 1300 N Pennsylvania Street in Indianapolis, near downtown amenities, public transit, and major highways.

Key Highlights

  • 16 private, fully built‑out office suites across two floors
  • Thirteen suites available for lease, including the entire first floor
  • First floor includes a reception area and spacious conference room

Property Analytics

Current Use

The Willis Law Office, ... Law Firm Spear Legal Services Law Firm Brian Gray Agency Insurance Agency Beverly Riddle Counselor

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Garden Center Electrical Service Pet Grooming Service Furniture & Home Goods

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

16
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,372
Businesses Nearby

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

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-floor office property with private suites, reception areas, shared support rooms, and dedicated rear parking.
Where is this office building located?
The property is located at 1300 N Pennsylvania Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 16 private, fully built‑out office suites across two floors; Thirteen suites available for lease, including the entire first floor; First floor includes a reception area and spacious conference room
More about this property
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