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Downtown Office Building
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451 E Market St, Indianapolis, IN 46204

For-rent office building near Bankers Life Field House, with Cummins’ Indianapolis headquarters across the street.

Property Size25,171 SF
Days on Market675

Property Features for 451 E Market St

General Information

Standard status Active
Size 25,171 SF
Property subtype OFFICE
Listing Agency: CBRE | Indianapolis
Listed By: Diana Zagarzhevskiy · License #RB20001523
Source: Moodyscre
Added: Sep 25, 2024 Changed: Jul 29 Last Checked: Jul 30 at 1:56PM

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 CBRE | Indianapolis

Investment Insights

Based on property information with market context.

This for-rent office building is offered in a downtown Indianapolis setting at 451 E Market St. The property totals 25,171 square feet and is positioned within an active residential and employment area.

Public remarks indicate there are over 1,000 additional apartments surrounding the property, and it is described as within walking distance to Bankers Life Field House and downtown venues. The listing also notes that Cummins’ Indianapolis headquarters is across the street.

The available offering size is provided as 25,171 square feet, supporting flexible consideration for office users seeking space in a highly walkable downtown context.

Key Highlights

  • For‑rent office building near Bankers Life Field House
  • Cummins’ Indianapolis headquarters is across the street
  • Walking distance to Bankers Life Field House and downtown venues

Property Analytics

Current Use

Transcending Properties, LLC Real Estate Agency David Rich Physician Artistry Indy Apartments Apartment Complex

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store HVAC Service Tanning Salon Carpet & Flooring Store Nursing Home

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

6,666
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

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
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Frequently Asked Questions

What type of property is this?
Office building - For-rent office building near Bankers Life Field House, with Cummins’ Indianapolis headquarters across the street.
Where is this office building located?
The property is located at 451 E Market St Indianapolis, IN.
What are key features of this property?
This property features: For‑rent office building near Bankers Life Field House; Cummins’ Indianapolis headquarters is across the street; Walking distance to Bankers Life Field House and downtown venues
(317) 832-8939 Call to check price and availability
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