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Charming Office Space for Rent
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128 N Delaware St, Indianapolis, IN 46204

Office space with historic charm near downtown amenities.

Space SizeContact for details
Property Size9,607 SF
Days on Market2762

Property Features for 128 N Delaware St

General Information

Standard status Active
Size 9,607 SF
Class C
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 9,607 SF
Year Built 1918
Tenancy Single

Spaces For Lease

at 128 N Delaware St Contact us

200

Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Avison Young - Indianapolis
Listed By: Joel Miller · License #IN RB17000848
Source: Crexi
Added: Jan 30, 2019 Changed: Aug 19 Last Checked: Aug 21 at 9:28PM

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 Avison Young - Indianapolis

Investment Insights

Based on property information with market context.

Suite 200 offers approximately 3,633 square feet of office space featuring exposed brick. The property is located within walking distance of City Market, City County Building, Monument Circle, Bankers Life Fieldhouse, and Circle Centre Mall. The location provides convenient access to numerous hotels and dining options. Several parking options are available in the vicinity. The property is situated on the IndyGo bus line. The building is owner-occupied.

Key Highlights

  • Steps away from City Market, City County Building, Monument Circle, Bankers Life Fieldhouse, and Circle Centre Mall
  • Historic charm with exposed brick throughout
  • ±3,633 sf suite

Property Analytics

Current Use

Young and Young Law Firm John P. Young ... Law Firm James H. Young ... Law Firm Frederick W. Crow Law Firm Mauricio's Pizzeria LC Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Nursing Home HVAC Service Pet 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
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,189
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

Lease Benchmarks for Indianapolis, IN

$25.5 /SF/Yr
Avg Asking Price
$12–$200 /SF/Yr
Price Range
7,538 SF
Avg Space Size

This space is priced 33% below the average of $25.5 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space with historic charm near downtown amenities.
Where is this office units located?
The property is located at 128 N Delaware St Indianapolis, IN.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Steps away from City Market, City County Building, Monument Circle, Bankers Life Fieldhouse, and Circle Centre Mall; Historic charm with exposed brick throughout; ±3,633 sf suite
(317) 210-8803 Call to check price and availability
More about this property
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