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Office Units Building with Exposed Brick
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150 E Market St, Indianapolis, IN 46204

Basement office space in an owner-occupied downtown building with exposed brick, plus lobby access with stairs and elevator.

Property Size3,600 SF
Days on Market930

Property Features for 150 E Market St

General Information

Standard status Active
Size 3,600 SF
Elevators Yes
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Floor Basement
Space Use Office

Building Details

Construction brick
Listing Agency: Alo Property Group
Listed By: George Sechrist · License #RB19001581
Source: Moodyscre
Added: Jan 12, 2024 Changed: Jul 30 Last Checked: Jul 30 at 3:56AM

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 Alo Property Group

Investment Insights

Based on property information with market context.

This owner-occupied office units building offers basement office space with exposed brick throughout. The space is entered from the first floor off the main building lobby, with both stairs and an elevator providing access.

Located in the heart of downtown Indianapolis, the building places tenants within walking distance of amenities and housing options.

The property includes 3,600 square feet of space, with exposed brick character and convenient vertical access for staff and visitors.

Key Highlights

  • 3,600 SF office units building
  • Basement office space
  • Exposed brick throughout

Property Analytics

Current Use

Web Application Developers Marketing & Advertising Indiana Environmental Institute ... Sustainability Organization Russell Fowler II Law Firm The Prosper Group Advertising Agency ISTA Center Association Or Organization

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Tanning Salon 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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,189
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

Lease Benchmarks for Indianapolis, IN

$21.07 /SF/Yr
Avg Asking Price
$10–$95.52 /SF/Yr
Price Range
6,646 SF
Avg Space Size

This space is priced 15% below the average of $21.07 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Basement office space in an owner-occupied downtown building with exposed brick, plus lobby access with stairs and elevator.
Where is this office units located?
The property is located at 150 E Market St Indianapolis, IN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 3,600 SF office units building; Basement office space; Exposed brick throughout
(317) 403-0903 Call to check price and availability
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