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Historic Six-Story Office Building
For Sale
$2,100,000

230 E Ohio, Indianapolis, IN 46204

Six-story office building with in-place tenant income and space expected to become available at closing.

Property Size31,726 SF
Price / SF$66.19
Days on Market16

Property Features for 230 E Ohio

General Information

Standard status Active
Size 31,726 SF
Class B
Property subtype Office

Building Details

Building Size 31,726 SF
Year Built 1905
Stories 6
Listing Agency:
Listed By: Mike Short
Source: Alopg
Added: Jul 23 Changed: Aug 7 Last Checked: Aug 7 at 1:40AM

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 Mike Short

Investment Insights

Based on property information with market context.

The ICLEF Building is a historic, six-story office property totaling 31,726 square feet. The building includes existing tenant income, and at closing approximately 14,631 square feet currently occupied by the owner is expected to become available. Over time, an owner-user may be able to occupy up to approximately 26,228 square feet, subject to future lease activity.

The property is located in downtown Indianapolis’ Central Business District and is described as walkable to Mass Ave, City Market, Monument Circle, government offices, dining, and entertainment.

Key Highlights

  • Historic six‑story office building built in 1905 totaling 31,726 SF
  • In‑place tenant income with space expected to be available at closing: approx. 14,631 SF
  • Potential for owner‑user occupancy up to approx. 26,228 SF over time, subject to future lease activity

Property Analytics

Current Use

Indianapolis Injury Lawyer Law Firm Keffer Hirschauer LLP Law Firm Indiana Family Planning ... Family Planning Center mediazenithpro Advertising Agency Rathburn Law Office Law Firm

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.

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

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
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Frequently Asked Questions

What type of property is this?
Office building - Six-story office building with in-place tenant income and space expected to become available at closing.
Where is this office building located?
The property is located at 230 E Ohio Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Historic six‑story office building built in 1905 totaling 31,726 SF; In‑place tenant income with space expected to be available at closing: approx. 14,631 SF; Potential for owner‑user occupancy up to approx. 26,228 SF over time, subject to future lease activity
More about this property
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