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Historic Character Office Space
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345 Massachusetts Ave, Indianapolis, IN 46204

Office suite with historic character, entry along Massachusetts Ave and Alabama St, plus on-site controlled parking.

Space Size2,170 SF
Days on Market541

Property Features for 345 Massachusetts Ave

General Information

Standard status Active
Size 2,170 SF
Property subtype OFFICE

Site & Location

Neighborhood Downtown

Amenities

on-site/controlled parking

Spaces For Lease

at 345 Massachusetts Ave
Massala Building AVAILABLE, Now
Floor Basement
Size 2,170 SF
Type OFFICE
Rate Contact for pricing
Sublease No
- Historic charm and character throughout the space - Steps from Mass Ave and core of Central Business District - On-site/controlled parking - Entry along Mass Ave and Alabama Street - Bakersfield, Bazbeaux Pizza, Ball and Biscuit Lounge, The Eagle, The Tap and many more all within walking distance - Several nearby public transportation options and excellent, flat bike lanes
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Listing Agency: JLL | Indianapolis
Listed By: John Vandenbark · License #RB14000048
Source: Moodyscre
Added: May 7, 2025 Changed: Oct 26 Last Checked: Oct 28 at 10:13AM

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

Rey
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Investment Insights

Based on property information with market context.

This office suite offers historic charm and character throughout, with an entry on Massachusetts Avenue and Alabama Street. On-site, controlled parking is available for added convenience.

The building is positioned close to the central business district, with multiple restaurants and nightlife options within walking distance, including Bakersfield, Bazbeaux Pizza, Ball and Biscuit Lounge, The Eagle, and The Tap. Several nearby public transportation options are also available, and the area includes excellent, flat bike lanes.

The space is well suited for tenants looking for a centrally located office environment with on-site controlled parking and strong walkability to nearby amenities.

Key Highlights

  • Office suite with historic charm and character throughout
  • Entry off Massachusetts Ave and Alabama St
  • On‑site/controlled parking available

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Slapfish Restaurant Broccoli Bill's Grocery & Convenience Store CapinCrouse LLP Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service Tanning Salon Nursing Home Farmer's Market

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,313
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Indianapolis, IN

$22.47 /SF/Yr
Avg Asking Price
$1.97–$275 /SF/Yr
Price Range
8,799 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office unit - Office suite with historic character, entry along Massachusetts Ave and Alabama St, plus on-site controlled parking.
Where is this office unit located?
The property is located at 345 Massachusetts Ave Indianapolis, IN.
What are key features of this property?
This property features: Office suite with historic charm and character throughout; Entry off Massachusetts Ave and Alabama St; On‑site/controlled parking available
(317) 810-7178 · Office Call to check price and availability
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