Class A Office Building
For Lease
Contact for pricing
251 E Ohio St, Indianapolis, IN 46204
An 11-story office building with new high-speed elevators and lobby/common-area improvements now underway.
Space Size2,903 SF
Days on Market1320
Property Features for 251 E Ohio St
General Information
Standard status
Active
Size
2,903 SF
Property subtype
OFFICE
Spaces For Lease
at 251 E Ohio St Contact us- Floor
- 2
- Size
- 2,903 SF
- Type
- OFFICE
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
251 E Ohio St
- 251 E. Ohio Street is an 11-story, high quality office building located in the...
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Listing Agency:
JLL | Indianapolis
(317) 810-7000
Listed By:
John Vandenbark · License #RB14000048
(317) 810-7178
Source:
Moodyscre
Added: Feb 2, 2023
Changed: Sep 7
Last Checked: Sep 14 at 6:24AM
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 JLL | Indianapolis
Investment Insights
Based on property information with market context.
251 E. Ohio Street is an 11-story office building currently undergoing redevelopment. Renovations include four new high-speed elevators, lobby improvements, and common area upgrades on all floors, positioning the building for an updated Class A standard.
The property is located in Downtown Indianapolis in the Market East District. It is described as a short walk to dining and entertainment along Mass Ave and nearby Bottleworks District, with Whole Foods Market and Needler’s Fresh Market reported within a five-minute walk. The building is steps from the Julia Carson Transit Center.
Additional listed commuting context includes easy access to I-70/I-65, along with a reported 96 walking score, 95 biking score, and 65 transit score, and access to bike trails/lane networks including the Cultural Trail outside the building entrance.
The property is located in Downtown Indianapolis in the Market East District. It is described as a short walk to dining and entertainment along Mass Ave and nearby Bottleworks District, with Whole Foods Market and Needler’s Fresh Market reported within a five-minute walk. The building is steps from the Julia Carson Transit Center.
Additional listed commuting context includes easy access to I-70/I-65, along with a reported 96 walking score, 95 biking score, and 65 transit score, and access to bike trails/lane networks including the Cultural Trail outside the building entrance.
Key Highlights
- 11‑story office building in Downtown Indianapolis’ Market East District, currently undergoing redevelopment (Phase I of City Market East).
- New building renovations include four new high‑speed elevators and lobby/common‑area improvements on all floors.
- Redevelopment improvements are intended to upgrade the building from Class B to Class A.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
7,189
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$18.23 /SF/Yr
Avg Asking Price
$10–$28 /SF/Yr
Price Range
10,459 SF
Avg Space Size
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Office building - An 11-story office building with new high-speed elevators and lobby/common-area improvements now underway.
Where is this office building located?
The property is located at 251 E Ohio St Indianapolis, IN.
What are key features of this property?
This property features: 11‑story office building in Downtown Indianapolis’ Market East District, currently undergoing redevelopment (Phase I of City Market East).; New building renovations include four new high‑speed elevators and lobby/common‑area improvements on all floors.; Redevelopment improvements are intended to upgrade the building from Class B to Class A.
