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Office Building with High-Speed Elevators
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251 E Ohio St, Indianapolis, IN 46204

Office building undergoing redevelopment with four new high speed elevators, plus lobby and common area improvements.

Property Size2,136 SF
Days on Market1275

Property Features for 251 E Ohio St

General Information

Standard status Active
Size 2,136 SF
Class A
Elevators Yes
Property subtype OFFICE

Site & Location

Highway Access Yes
Public Transit Yes

Amenities

four new high speed elevators
lobby improvements
common areas on all of the floors

Building Details

Stories 11
Listing Agency: JLL | Indianapolis
Listed By: Traci A. Kapsalis · License #RB14000048
Source: Moodyscre
Added: Feb 2, 2023 Changed: Jul 31 Last Checked: Jul 31 at 2:49AM

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 JLL | Indianapolis

Investment Insights

Based on property information with market context.

251 E Ohio St is an 11-story office building in the Market East District of downtown Indianapolis that is currently undergoing redevelopment as part of Phase I of the City Market East redevelopment. The building’s new renovations include four new high speed elevators, lobby improvements, and common area improvements on all floors, with the updates designed to take the building from Class B to Class A. The property is listed with a total size of 2,136 square feet.

Amenities and daily needs are nearby, including Whole Foods Market and Needler’s Fresh Market, both about a 5-minute walk. The Julia Carson Transit Center is steps away, and the area offers access to bike trails and lanes, including the Cultural Trail outside the entrance of the building. Walking score is 96, biking score is 95, and transit score is 65.

The building also states easy access to I-70/I-65 for commuting to Indianapolis’ most populous suburbs.

Key Highlights

  • 11‑story office building in the Market East District, downtown Indianapolis
  • Redevelopment under Phase I of the City Market East redevelopment
  • Renovations include four new high speed elevators and lobby/common area improvements

Property Analytics

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

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
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Frequently Asked Questions

What type of property is this?
Office building - Office building undergoing redevelopment with four new high speed elevators, plus lobby and common area improvements.
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 the Market East District, downtown Indianapolis; Redevelopment under Phase I of the City Market East redevelopment; Renovations include four new high speed elevators and lobby/common area improvements
(317) 810-7178 Call to check price and availability
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