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    619 Pennsylvania St Indianapolis, IN 46204

    Sponsored
    For Sale
    $1,600,000

    Prime Indy location, 8,130 SF office.

    Property size:
    8,130 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story executive office building, located at 619 N Pennsylvania St in Indianapolis, Indiana, presents a unique investment opportunity. Boasting a total of 8,130 square feet, the property offers approximately 4,065 square feet per floor, providing efficient floor plates ideal for a variety of business configurations. The building features a main entrance with abundant natural light, enhancing the workspace environment. Several areas showcase exposed ceilings, adding to the building's character and appeal. Ample surface parking is available, accommodating approximately 30 vehicles. Its enviable location places it within walking distance of Mass Ave and the core Central Business District (CBD), offering employees easy access to amenities and public transportation. The property's proximity to American Legion Mall and other green spaces provides a pleasant and accessible outdoor environment. The building sits directly across the street from these green spaces. The current lease rate is $18.75 per square foot, triple net (NNN). The asking price for the entire building is $1,600,000. This presents a compelling opportunity to acquire a well-situated, attractive office building in a thriving Indianapolis neighborhood. The zip code is 46204.

    Property Features for 619 Pennsylvania St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,130 SF

    Building Details

    Stories
    2

    HighLights

    • 8,130 SF two‑story office building.
    • Two‑story building with a main entrance and abundant natural light.
    • Efficient floor plates; approximately 4,065 SF per floor.
    • Exposed ceilings in select areas.
    • On‑site surface parking for approximately 30 vehicles.
    • Walkable to Mass Ave and the Central Business District (CBD).
    Property Profile 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 - Prime Indy location, 8,130 SF office.
    Where is this office property / space located?
    The property is located at 619 Pennsylvania St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 8,130 SF two-story office building.; Two-story building with a main entrance and abundant natural light.; Efficient floor plates; approximately 4,065 SF per floor.
    (317) 713-2151
    Request Owner's contact information
    619 Pennsylvania 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
    619 Pennsylvania St Indianapolis, IN 46204
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