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Downtown Office Building Redevelopment
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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 Market50

Property Features for 251 E Ohio St

General Information

Standard status Active
Size 1,292 SF - 24,352 SF
Class B
Property subtype office

Additional Details

Highway Access Yes

Amenities

Expansive windows for ample natural light
24/7 computer controlled access
Wi-Fi
Multiple conference rooms
State of the art audio/video
High quality finishes
529 car parking garage
Lockable bike storage

Building Details

Stories 11

Spaces For Lease

at 251 E Ohio St Contact us

Available Space

Suite
1000
Floor
10th
Size
19,566 SF
Type
Office
Availability
Immediately
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Available Space

Suite
1110
Floor
11th
Size
24,352 SF
Type
Office
Availability
Immediately
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Available Space

Suite
130
Floor
1st
Size
1,292 SF
Type
Office
Availability
Immediately
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Available Space

Suite
150
Floor
1st
Size
1,727 SF
Type
Office
Availability
Immediately
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Available Space

Suite
125
Floor
1st
Size
2,963 SF
Type
Office
Availability
Immediately
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Available Space

Suite
240
Floor
2nd
Size
2,694 SF
Type
Office
Availability
Immediately
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Available Space

Suite
220
Floor
2nd
Size
2,903 SF
Type
Office
Availability
Immediately
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Available Space

Suite
210
Floor
2nd
Size
5,974 SF
Type
Office
Availability
Immediately
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Available Space

Suite
500
Floor
5th
Size
16,212 SF
Type
Office
Availability
Immediately
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Available Space

Suite
865
Floor
8th
Size
1,538 SF
Type
Office
Availability
Immediately
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Available Space

Suite
860
Floor
8th
Size
2,136 SF
Type
Office
Availability
Immediately
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Available Space

Suite
900
Floor
9th
Size
12,947 SF
Type
Office
Availability
Immediately
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Available Space

Suite
925
Floor
9th
Size
3,545 SF
Type
Office
Availability
Immediately
Contact us
Listing Agency: Indianapolis
Listed By: John Vandenbark · License #RB14000048
Source: Property.jll
Added: Jul 24 Changed: Aug 26 Last Checked: Sep 11 at 4:31AM

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

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.

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

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Current Use

Bowman Heintz Boscia ... Law Firm Meils Thompson Dietz ... Law Firm 251 East Ohio ... Parking Lot & Garage MOCCA DIALYSIS Cafe & Coffee Shop Aspen Contracting Inc Roofing Company

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.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$19.88 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
11,399 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
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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.
More about this property
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