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    619 Pennsylvania St Indianapolis, IN 46204

    For Lease
    $18 SF/Yr ($12,703 /Mo)

    Prestigious Office Space, 8,130 SF Available

    Lot size:
    8,130 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional two-story office building, totaling 8,130 square feet, presents a unique opportunity in the heart of Indianapolis. Located in Marion County, the property boasts a prime location with convenient access to Mass Ave, the central business district, and nearby green spaces including the American Legion Mall and memorials. The building features a main entrance with abundant natural light, enhancing the professional atmosphere. The efficient floor plates are approximately 4,065 square feet per floor, offering flexibility for various business needs. Some areas showcase exposed ceilings, adding a touch of modern industrial design. Ample surface parking is available, accommodating approximately 30 vehicles. The entire 8,130 square feet is currently vacant and available for lease or purchase. The lease rate is $18.75 per square foot, triple net (NNN). Alternatively, the property is offered for sale at $1,600,000. The minimum divisible space is 4,065 square feet, while the maximum contiguous space available is the entire 8,130 square feet. This presents an ideal opportunity for a single tenant seeking a substantial presence or multiple tenants seeking smaller, yet prestigious, executive office suites. Don't miss this chance to secure a highly desirable location in a vibrant and growing area.

    Property Features for 619 Pennsylvania St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,130 SF
    Total Rate
    12703.13

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    First Floor
    Size
    4,065 SF
    Rate per SF
    $18
    Space
    Second Floor
    Size
    4,065 SF
    Rate per SF
    $18

    HighLights

    • 8,130 SF office building in Marion County.
    • Two‑story building with a main entrance and abundant natural light.
    • Efficient floor plates of approximately 4,065 SF per floor.
    • Features exposed ceilings in select areas.
    • Approximately 30 surface parking spaces.
    • Walkable to Mass Ave and the central business district (CBD).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    V3 Companies, Ltd. Engineer

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Daycare Center Kitchen & Bath Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1554181
    Latitude
    39.7762525

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Office Space, 8,130 SF Available
    Where is this office property / space located?
    The property is located at 619 Pennsylvania St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 8,130 SF office building in Marion County.; Two-story building with a main entrance and abundant natural light.; Efficient floor plates of approximately 4,065 SF per floor.
    Request Owner's contact information
    619 Pennsylvania St Indianapolis, IN 46204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    619 Pennsylvania St Indianapolis, IN 46204
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