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    155 Market St Indianapolis, IN 46204

    For Lease
    $52 SF/Yr

    Prime Market Street Retail, 2,517 SF Available

    Lot size:
    48,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    The Barrister Building, a prominent eight-story Class B building constructed in 1926, offers a unique retail opportunity in the heart of downtown Indianapolis. Located at 155 E Market St, this space boasts a highly visible street-level presence at the southwest corner of E Market Street and N Delaware Street. Currently, 2,517 square feet of retail space is available for lease, ideal for a variety of businesses. The entire building encompasses 48,800 square feet, reflecting a strong and established presence in the area. This former bank branch offers a well-designed layout ready for immediate occupancy. The property is zoned C3, allowing for a range of commercial uses. Situated in Marion County, Indiana, with a zip code of 46204, this location benefits from high foot traffic and excellent visibility in a vibrant downtown setting. The building's history and architectural character add to the unique appeal of this retail space, making it an exceptional opportunity for a business seeking a prime location in Indianapolis' bustling city center. This is a sublease opportunity within a larger multi-tenant building.

    Property Features for 155 Market St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,800 SF
    Class
    B
    Total Rate
    213256

    Building Details

    Year Built
    1926
    Stories
    8

    Unit(s) available at that property

    Space
    Suite 100
    Size
    2,517 SF
    Rate per SF
    $52

    HighLights

    • 2,517 SF ground floor sublease available at the prominent Market & Delaware Streets corner.
    • Lease expiration: June 30, 2026.
    • Suite 100 offers 2,517 SF of space.
    • Building features convenient amenities.
    • C3 zoning.
    • Landmark location, two blocks from Monument Circle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OurScribes Medical Clinic Krause John C Attorney MBCB Attorneys (Indianapolis) Legal Services Sture Law LLC Attorney ATS Applied Tech ... Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1547679
    Latitude
    39.7682914

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    FAQs

    What type of property is this?
    Retail property - Prime Market Street Retail, 2,517 SF Available
    Where is this retail property located?
    The property is located at 155 Market St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $52 SF/Yr.
    What are key features of this property?
    This property features: 2,517 SF ground floor sublease available at the prominent Market & Delaware Streets corner.; Lease expiration: June 30, 2026.; Suite 100 offers 2,517 SF of space.
    Request Owner's contact information
    155 Market St Indianapolis, IN 46204
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    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
    155 Market St Indianapolis, IN 46204
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