241 N Pennsylvania St, Indianapolis, IN
Renovated, LEED GOLD certified office building with on-site fitness center.
- Added:
- Feb 1, 2025
- Days on Market:
- 503
- Last Refresh:
- May 20 at 8:40 pm
Property Features for 241 N Pennsylvania St
General Information
- Standard status
- Active
- Size
- 31,187 SF
- Lot size
- 0.18 Acres
- Property subtype
- OFFICE
Properties For Sale
at 241 N Pennsylvania St Contact usListing agent Aaron Snoddy (317) 410-5962
Listing office Colliers (317) 410-5962
Listing date Feb 1, 2025
Source Moodyscre
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 Colliers
HighLights
- LEED GOLD Certified building
- On‑site sub‑surface parking with 13 spaces
- Enjoy the convenience of an on‑site fitness center with showers & locker room
- Highly‑visible building signage potential
- Historic, early‑century style building
- Renovated in 2011
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $673.6k | $21.60 |
| − Vacancy | −$124.6k | −$4.00 |
| EGI | $549.0k | $17.60 |
| − OpEx | −$137.3k | −$4.40 |
| NOI | $411.8k | $13.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1556
- Latitude
- 39.771