Class A Office Building
For Lease
Contact for pricing
251 E Ohio St, Indianapolis, IN 46204
11-story downtown office building undergoing renovations with new high-speed elevators and lobby improvements.
Space Size12,947 SF
Days on Market598
Property Features for 251 E Ohio St
General Information
Standard status
Active
Size
12,947 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
four new high speed elevators
lobby improvements
common areas on all floors
bike trails/lanes
Cultural Trail
Julia Carson Transit Center
Building Details
Stories
11
Spaces For Lease
at 251 E Ohio St Contact us- Floor
- 9
- Size
- 12,947 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: Jan 24, 2025
Changed: Sep 9
Last Checked: Sep 13 at 10:25AM
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 St is an 11-story office building currently undergoing redevelopment. Renovations include four new high-speed elevators and improvements to the lobby and common areas on all floors.
The property is located in the Market East District in Downtown Indianapolis, and is included in Phase I of the City Market East redevelopment. The building is within walking distance of dining, retail, and entertainment options, and is described as steps from the Julia Carson Transit Center.
The redevelopment is intended to bring the building from Class B to Class A, supported by the elevator and common-area upgrades.
The property is located in the Market East District in Downtown Indianapolis, and is included in Phase I of the City Market East redevelopment. The building is within walking distance of dining, retail, and entertainment options, and is described as steps from the Julia Carson Transit Center.
The redevelopment is intended to bring the building from Class B to Class A, supported by the elevator and common-area upgrades.
Key Highlights
- 11‑story downtown Indianapolis office building undergoing redevelopment in Phase I of the City Market East project
- Renovations include four new high‑speed elevators, plus lobby improvements and common‑area updates on all floors
- Upgrading from Class B to Class A with new renovations throughout the building
Property Analytics
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Current Use
Lease Details
Yes
Highway access
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
$19.88 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
11,399 SF
Avg Space Size
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 - 11-story downtown office building undergoing renovations with new high-speed elevators and lobby improvements.
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 downtown Indianapolis office building undergoing redevelopment in Phase I of the City Market East project; Renovations include four new high‑speed elevators, plus lobby improvements and common‑area updates on all floors; Upgrading from Class B to Class A with new renovations throughout the building
