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Office Building with Exposed Brick
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128 N Delaware St, Indianapolis, IN 46204

Owner-occupied office building on an IndyGo bus line with exposed brick throughout and nearby dining and parking options.

Property Size3,633 SF
Days on Market1261

Property Features for 128 N Delaware St

General Information

Standard status Active
Size 3,633 SF
Property subtype OFFICE

Additional Details

Public Transit Yes
Listing Agency: Avison Young | Indianapolis
Listed By: Joel C Miller · License #RB17000848
Source: Moodyscre
Added: Feb 15, 2023 Changed: Jul 30 Last Checked: Jul 30 at 9:33AM

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 Avison Young | Indianapolis

Investment Insights

Based on property information with market context.

This office building offers exposed brick throughout and is owner-occupied. The building is located on an IndyGo bus line, providing convenient transit access in downtown Indianapolis.

The area also supports an established walkable mix of amenities, with City Market, City County Building, Monument Circle, Bankers Life Fieldhouse, and Circle Centre Mall within walking distance. Numerous parking options nearby can support employee and visitor access.

The building includes approximately 3,633 square feet of space, making it suited for tenants looking for a smaller downtown footprint with character-forward interior finishes.

Key Highlights

  • Owner‑occupied office building
  • Exposed brick throughout
  • On IndyGo bus line

Property Analytics

Current Use

Young and Young Law Firm John P. Young ... Law Firm James H. Young ... Law Firm Frederick W. Crow Law Firm Mauricio's Pizzeria LC Restaurant

Suggested Use

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

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

7,240
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 - Owner-occupied office building on an IndyGo bus line with exposed brick throughout and nearby dining and parking options.
Where is this office building located?
The property is located at 128 N Delaware St Indianapolis, IN.
What are key features of this property?
This property features: Owner‑occupied office building; Exposed brick throughout; On IndyGo bus line
(317) 750-5757 Call to check price and availability
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