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Historic Character Office Space
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345 Massachusetts Ave, Indianapolis, IN 46204

Office suite with historic character, entry along Massachusetts Ave and Alabama St, plus on-site controlled parking.

Property Size2,170 SF
Days on Market451

Property Features for 345 Massachusetts Ave

General Information

Standard status Active
Size 2,170 SF
Property subtype OFFICE

Amenities

on-site/controlled parking
Listing Agency: JLL | Indianapolis
Listed By: Abby Zito · License #RB14046697
Source: Moodyscre
Added: May 7, 2025 Changed: Jul 28 Last Checked: Jul 30 at 2:22PM

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.

This office suite offers historic charm and character throughout, with an entry on Massachusetts Avenue and Alabama Street. On-site, controlled parking is available for added convenience.

The building is positioned close to the central business district, with multiple restaurants and nightlife options within walking distance, including Bakersfield, Bazbeaux Pizza, Ball and Biscuit Lounge, The Eagle, and The Tap. Several nearby public transportation options are also available, and the area includes excellent, flat bike lanes.

The space is well suited for tenants looking for a centrally located office environment with on-site controlled parking and strong walkability to nearby amenities.

Key Highlights

  • Office suite with historic charm and character throughout
  • Entry off Massachusetts Ave and Alabama St
  • On‑site/controlled parking available

Property Analytics

Current Use

Slapfish Restaurant Broccoli Bill's Grocery & Convenience Store CapinCrouse LLP Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Nursing Home HVAC Service Farmer's Market

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,431
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

Lease Benchmarks for Indianapolis, IN

$21.07 /SF/Yr
Avg Asking Price
$10–$95.52 /SF/Yr
Price Range
6,646 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 units - Office suite with historic character, entry along Massachusetts Ave and Alabama St, plus on-site controlled parking.
Where is this office units located?
The property is located at 345 Massachusetts Ave Indianapolis, IN.
What are key features of this property?
This property features: Office suite with historic charm and character throughout; Entry off Massachusetts Ave and Alabama St; On‑site/controlled parking available
(317) 810-7178 Call to check price and availability
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