Downtown Office Building
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251 E Ohio St, Indianapolis, IN 46204
11-story office building undergoing renovations, including new elevators and improved lobby and common areas across all floors.
Space Size1,292 SF - 24,352 SF
Days on Market96
Property Features for 251 E Ohio St
General Information
Standard status
Active
Size
1,292 SF - 24,352 SF
Class
B
Property subtype
office
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Amenities
Lockable bike storage
529 car parking garage
High quality finishes
State of the art audio/video
Multiple conference rooms
Wi-Fi
24/7 computer controlled access
Expansive windows for ample natural light
Building Details
Stories
11
Spaces For Lease
at 251 E Ohio St Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| Available Space | 19,566 SF | Office | — | Immediately | Contact us |
| Available Space | 24,352 SF | Office | — | Immediately | Contact us |
| Available Space | 1,292 SF | Office | — | Immediately | Contact us |
| Available Space | 1,727 SF | Office | — | Immediately | Contact us |
| Available Space | 2,963 SF | Office | — | Immediately | Contact us |
| Available Space | 2,694 SF | Office | — | Immediately | Contact us |
| Available Space | 2,903 SF | Office | — | Immediately | Contact us |
| Available Space | 5,974 SF | Office | — | Immediately | Contact us |
| Available Space | 16,212 SF | Office | — | Immediately | Contact us |
| Available Space | 1,538 SF | Office | — | Immediately | Contact us |
| Available Space | 2,136 SF | Office | — | Immediately | Contact us |
| Available Space | 12,947 SF | Office | — | Immediately | Contact us |
| Available Space | 3,545 SF | Office | — | Immediately | Contact us |
Show all 13 spaces
Listing Agency:
Indianapolis
(317) 810-7000
Listed By:
John Vandenbark · License #RB14000048
(317) 810-7178
Source:
Property.jll
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 26 at 12:56PM
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 Indianapolis
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Investment Insights
Based on property information with market context.
251 E Ohio St is an 11-story office building currently undergoing a redevelopment. Renovations include four new high-speed elevators and improvements to the lobby and common areas on all floors, upgrading the property from Class B to Class A.
The building is located in Downtown Indianapolis’ Market East District, with access to dining, retail, and entertainment in the surrounding area. It is also described as within a short walk to multiple downtown grocery options and steps away from the Julia Carson Transit Center.
The property is positioned for easy downtown commuting with access to I-70/I-65, and the area is supported by an extensive bike trail network. Walking and biking scores are listed as 96 and 95, respectively, with a transit score of 65.
The building is located in Downtown Indianapolis’ Market East District, with access to dining, retail, and entertainment in the surrounding area. It is also described as within a short walk to multiple downtown grocery options and steps away from the Julia Carson Transit Center.
The property is positioned for easy downtown commuting with access to I-70/I-65, and the area is supported by an extensive bike trail network. Walking and biking scores are listed as 96 and 95, respectively, with a transit score of 65.
Key Highlights
- 11‑story office building in Downtown Indianapolis’ Market East District, currently undergoing redevelopment (Phase I of City Market East redevelopment).
- Redevelopment renovations include four new high‑speed elevators.
- Lobby improvements and updated common areas on all floors, moving the building from Class B to Class A.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
7,189
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$19.1 /SF/Yr
Avg Asking Price
$16–$28 /SF/Yr
Price Range
10,476 SF
Avg Space Size
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - 11-story office building undergoing renovations, including new elevators and improved lobby and common areas across all floors.
Where is this office building located?
The property is located at 251 E Ohio St Indianapolis, IN.
What are key features of this property?
This property features: 11‑story office building in Downtown Indianapolis’ Market East District, currently undergoing redevelopment (Phase I of City Market East redevelopment).; Redevelopment renovations include four new high‑speed elevators.; Lobby improvements and updated common areas on all floors, moving the building from Class B to Class A.
