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Downtown Retail/Office Space Available
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16 N Pennsylvania St, Indianapolis, IN 46204

Centrally located retail/office space in downtown Indianapolis for lease.

Space Size1,100 SF - 1,200 SF
Property Size2,300 SF
Days on Market1739

Property Features for 16 N Pennsylvania St

General Information

Standard status Active
Size 1,100 SF - 1,200 SF
Property subtype Retail, Office

Building Details

Building Size 2,300 SF
Tenancy Multiple

Spaces For Lease

at 16 N Pennsylvania St Contact us

First Floor

Size
1,100 SF
Type
Office, Retail
Availability
Active
Contact us

Second Floor

Size
1,200 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: Eclipse Real Estate
Listed By: Bryan Chandler · License #IN RB14027408
Source: Crexi
Added: Dec 2, 2021 Changed: Sep 3 Last Checked: Sep 2 at 9:04PM

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 Eclipse Real Estate

Investment Insights

Based on property information with market context.

This property offers approximately 2,300 square feet of retail or office space for lease within a two-story building. It is centrally located in Downtown Indianapolis' Central Business District, situated one block from Monument Circle. The property occupies a prominent corner at the high-traffic intersection of Pennsylvania and Washington Street. Accessibility is enhanced by nearby parking garages, BlueIndy stations, and street parking options. The location is adjacent to the Cultural Trail and within walking distance of various downtown amenities.

Key Highlights

  • Prime downtown CBD location at the HIGH‑TRAFFIC intersection of Pennsylvania and Washington Street.
  • +/-2,300sf retail/office space suitable for various business needs.
  • Excellent accessibility with nearby parking garages, blueindy stations, and street parking.

Property Analytics

Current Use

Wingstop Restaurant

Suggested Use

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

6,857
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

$18.42 /SF/Yr
Avg Asking Price
$11.71–$27.5 /SF/Yr
Price Range
7,493 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Centrally located retail/office space in downtown Indianapolis for lease.
Where is this retail space located?
The property is located at 16 N Pennsylvania St Indianapolis, IN.
What are key features of this property?
This property features: Prime downtown CBD location at the HIGH‑TRAFFIC intersection of Pennsylvania and Washington Street.; +/-2,300sf retail/office space suitable for various business needs.; Excellent accessibility with nearby parking garages, blueindy stations, and street parking.
(317) 614-9400 Call to check price and availability
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