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    16 Pennsylvania St Indianapolis, IN 46204

    Sponsored
    For Lease
    Contact for pricing

    Prime CBD Location, Two Suites Available

    Lot size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, +/- 2,300 square foot retail/office building presents a unique opportunity in the heart of Indianapolis' Central Business District. Ideally situated at the high-traffic intersection of Pennsylvania and Washington Streets, just one block from Monument Circle, this property offers unparalleled visibility and accessibility. The building currently features two available suites, each ranging from 1,100 to 1,200 contiguous square feet, perfect for coworking spaces or similar uses. With a total of 2,300 square feet of vacant space, this property is ready for immediate occupancy. Tenants will benefit from convenient access to nearby parking garages, BlueIndy stations, and street parking, ensuring ease of access for employees and clients. Furthermore, its location adjacent to the Cultural Trail and within walking distance of numerous downtown attractions and businesses provides a vibrant and desirable work environment. This is an exceptional opportunity to establish a presence in one of Indianapolis' most sought-after locations. The building's prime location and flexible space make it an ideal choice for businesses seeking a dynamic and convenient workspace. The property is in Marion County.

    Property Features for 16 Pennsylvania St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,300 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    First Floor
    Size
    1,100 SF
    Space
    Second Floor
    Size
    1,200 SF

    HighLights

    • 2,300 SF retail/office space available for lease in Downtown Indianapolis.
    • Two‑story building with two suites totaling 2,300 square feet.
    • Suites range from 1,100 to 1,200 square feet.
    • Prime location at Pennsylvania and Washington Streets, one block from Monument Circle.
    • Convenient access to parking garages, BlueIndy stations, and street parking.
    • Located near the Cultural Trail and major downtown attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wingstop Chicken Wings Restaurant

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Building Supply Daycare Center Kitchen & Bath Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1564766
    Latitude
    39.7674753

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    FAQs

    What type of property is this?
    Coworking space - Prime CBD Location, Two Suites Available
    Where is this coworking space located?
    The property is located at 16 Pennsylvania St Indianapolis, IN.
    What are key features of this property?
    This property features: 2,300 SF retail/office space available for lease in Downtown Indianapolis.; Two-story building with two suites totaling 2,300 square feet.; Suites range from 1,100 to 1,200 square feet.
    Request Owner's contact information
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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
    16 Pennsylvania St Indianapolis, IN 46204
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