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 Market643
Property Features for 251 E Ohio St
General Information
Standard status
Active
Size
12,947 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown
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
251 E Ohio St
AVAILABLE, Now
Floor
9
Size
12,947 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- 251 E. Ohio Street is an 11-story, high quality office building located in the bustling Market East District in Downtown Indianapolis that is currently undergoing a redevelopment. The 251 building is included in Phase I of the City Market East redevelopment and the building's new renovations include: four new high speed elevators, lobby improvements and common areas on all of the floors. These improvements will take the building from Class B to Class A.
- A short walk to an abundance of restaurants on Mass Ave, Bottleworks District and other retaurants, bars, retail and entertainment in the immediate area
- Only a 10-minute walk up Delaware to Mass Ave - Indy’s most popular district with more dining, entertainment, retail and nightlife
- Whole Foods Market and Needler’s Fresh Market are both a 5-minute walk - exceptional options for downtown grocery stores
- Live, work and play alongside notable corporations and their employees like Cummins, BMO and Salesforce
- Located near ample housing options such as 360 Market Square, Artistry Indy, Ardmore, The Whit, 333 Penn, Pulliam Square, The E’Laan, Penrose on Mass and the Lockerbie Square and Chatham Arch residential neighborhoods
- Steps away from the Julia Carson Transit Center
- Downtown Indy offers 23 miles of bike trails/lanes including the Cultural Trail right outside the entrance of the building
- 96 walking score, 95 biking score, 65 transit score
- 251 E Ohio boasts easy access to I-70/I-65 allowing easy commuting to Indianapolis’ most populate suburbs
Contact us
Listing Agency:
JLL | Indianapolis
(317) 810-7000
Listed By:
John Vandenbark · License #RB14000048
(317) 810-7178
Source:
Moodyscre
Added: Jan 24, 2025
Changed: Oct 26
Last Checked: Oct 28 at 9:05AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
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Open Analytics
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
$19.1 /SF/Yr
Avg Asking Price
$16–$28 /SF/Yr
Price Range
10,476 SF
Avg Space Size
Vacancy Rate% for Office in Indianapolis, IN
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
