Downtown Indianapolis Office
For Sale
Contact for pricing
20 N Meridian St. Indianapolis, Indianapolis, IN 46204
Historic office building with retail space in downtown Indianapolis.
Property Size102,200 SF
Price / SF$0.00
Days on Market390
Property Features for 20 N Meridian St. Indianapolis
General Information
Standard status
Active
Size
102,200 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
102,200 SF
Year Built
1923
Properties For Sale
at 20 N Meridian St. Indianapolis Contact usSuite 200
Size
5,465 SF
Type
Office Building
Term
Negotiable
Suite 201
Size
1,871 SF
Type
Office Building
Term
Negotiable
Suite 300
Size
10,007 SF
Type
Office Building
Term
Negotiable
Suite 400
Size
10,000 SF
Type
Office Building
Term
Negotiable
Suite 500
Size
9,990 SF
Type
Office Building
Term
Negotiable
Suite 600
Size
10,007 SF
Type
Office Building
Term
Negotiable
Suite 900
Size
9,988 SF
Type
Office Building
Term
Negotiable
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Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Jim Logan
(317) 697-6139
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 12
Last Checked: Oct 19 at 4:45AM
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 Premier Commercial Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
Located directly on Monument Circle in Downtown Indianapolis, this historic 10-story office building, known as the Guaranty Building, includes retail space on the first floor and office space on the remaining floors. Constructed in 1923, the building retains much of its original design, including a curved limestone facade. The location experiences significant foot traffic from public transit, visitors, and tourists, especially during lunch hours and year-round events. Full floor office spaces are available, some fully furnished, with access to a conference room facility and views of the Circle. The building also features rooftop patio access with views of Downtown Indy. The Circle has been undergoing upgrades.
Key Highlights
- Unbeatable location directly on Monument Circle in Downtown Indianapolis, offering high visibility and foot traffic.
- Full floor office spaces available, some fully furnished and ready for immediate occupancy.
- Access to a rooftop patio with panoramic views of Downtown Indy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,349,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,986,940
$27.0M
Cap Rate 7%
$19,276,386
$19.3M
Cap Rate 9%
$14,992,744
$15.0M
Market Conditions
NOI Build-Up for 102,200 SF
Gross rent
$2.21M $21.60/SF
− Vacancy
−$408.4K −$4.00/SF
EGI
$1.80M $17.60/SF
− OpEx
−$449.8K −$4.40/SF
NOI
$1.35M $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,986,940
Cap Rate 7%
$19,276,386
Cap Rate 9%
$14,992,744
Alternative Uses
Best Use
Office B
$19.28M
$16.87M – $22.49M
NOI $1,349,347 @ 7.0% cap · market cap 6,425,461.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.44M
$22.26M – $29.68M
NOI $1,780,733 @ 7.0% cap · market cap 8,479,680.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,857
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - Historic office building with retail space in downtown Indianapolis.
Where is this office building located?
The property is located at 20 N Meridian St. Indianapolis Indianapolis, IN.
What are key features of this property?
This property features: Unbeatable location directly on Monument Circle in Downtown Indianapolis, offering high visibility and foot traffic.; Full floor office spaces available, some fully furnished and ready for immediate occupancy.; Access to a rooftop patio with panoramic views of Downtown Indy.
