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Historic Office Building with Elevator Access
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409 Massachusetts Ave, Indianapolis, IN 46204

Historic 1900 building with creative interior finishes and direct elevator access for available office floors.

Property Size3,700 SF - 3,837 SF
Days on Market50

Property Features for 409 Massachusetts Ave

General Information

Standard status Active
Size 3,700 SF - 3,837 SF
Net Rentable 3,700 SF
Elevators Yes
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Available Space 3,700-3,837 SF
Contiguous Space 3,837 SF
Space Use Creative Office

Amenities

Mass Ave main entrance
exterior signage opportunity
high end restaurant/lounge on first floor and lower level
potential roof top patio

Building Details

Year Built 1900
Stories 4
Building Size 16,095 SF
Listing Agency: Colliers
Listed By: Rich Forslund · License #RB14046182
Source: Moodyscre
Added: Jun 11 Changed: Jul 29 Last Checked: Jul 29 at 11:32PM

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

Investment Insights

Based on property information with market context.

This historic office building totals approximately ±16,095 GSF across four levels plus a mezzanine. The lower level and first floor are ±4,173 GSF and ±4,121 GSF, respectively, and are currently identified as Dusk Restaurant & Lounge space. The second and third floors offer available office space at approximately ±3,837 GSF and ±3,700 GSF. A mezzanine level of about ±264 GSF is noted as potential roof top patio space.

Built in 1900, the property is described as preserving architectural character while providing modern functionality. Tenant-ready creative office space includes exposed brick, hardwood flooring, exposed structural and industrial-style elements, and loft-style windows. The building provides direct elevator access to the floor, with a Mass Ave main entrance to the suite and an exterior signage opportunity.

The configuration supports a live-work feel, with restaurant/lounge space on the lower and first levels and additional office space available on the upper floors.

Key Highlights

  • 4‑story building plus mezzanine totaling ±16,095 GSF
  • Mezzanine of ±264 GSF with potential roof top patio
  • Direct elevator access to floor and Mass Ave main entrance to suite

Property Analytics

Current Use

The Oxford (Indianapolis, Indiana) Tour Operator The Annex Group Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon HVAC Service Nursing Home Carpet & Flooring 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

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,956
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 - Historic 1900 building with creative interior finishes and direct elevator access for available office floors.
Where is this office building located?
The property is located at 409 Massachusetts Ave Indianapolis, IN.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 4‑story building plus mezzanine totaling ±16,095 GSF; Mezzanine of ±264 GSF with potential roof top patio; Direct elevator access to floor and Mass Ave main entrance to suite
(317) 507-8591 Call to check price and availability
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