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    128 Delaware St Indianapolis, IN 46204

    For Lease
    $17 SF/Yr ($13,609 /Mo)

    Historic Charm, Prime Location, 3,633 SF

    Lot size:
    9,607 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3,633-square-foot executive office suite, located at 128 N Delaware Street in Indianapolis, Indiana, presents a unique opportunity. Situated in a three-story, 9,607-square-foot building constructed in 1918, this single-tenant space boasts the historic charm of exposed brick throughout. The building is classified as Class C and features an elevator. The suite is part of a small building with only three total suites, offering a sense of exclusivity and privacy. The property sits on a 0.09-acre lot in the heart of downtown Indianapolis, within Marion County. Its prime location offers unparalleled convenience, with easy walking access to City Market, the City County Building, Monument Circle, Bankers Life Fieldhouse, and Circle Centre Mall. A wealth of nearby hotels and restaurants cater to both business and personal needs. Numerous parking options are readily available in the surrounding area, and the property benefits from its proximity to the IndyGo bus line, enhancing accessibility for employees and clients. This is an exceptional opportunity to secure a prestigious office space in a vibrant and highly desirable location.

    Property Features for 128 Delaware St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,607 SF
    Class
    C
    Total Rate
    13609.92

    Building Details

    Year Built
    1918
    Stories
    3

    Unit(s) available at that property

    Space
    200
    Size
    0 SF
    Rate per SF
    $17

    HighLights

    • 3,633‑square‑foot executive suite in a three‑story building.
    • Located at 128 N Delaware Street, Indianapolis, IN, in a Class C building.
    • Single‑tenant occupancy in a small, three‑suite building with historic exposed brick.
    • Prime downtown Indianapolis location near City Market, Monument Circle, and major amenities.
    • Convenient access to public transportation and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant 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
    -86.1547076
    Latitude
    39.768964

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Prime Location, 3,633 SF
    Where is this office property / space located?
    The property is located at 128 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: 3,633-square-foot executive suite in a three-story building.; Located at 128 N Delaware Street, Indianapolis, IN, in a Class C building.; Single-tenant occupancy in a small, three-suite building with historic exposed brick.
    Request Owner's contact information
    128 Delaware 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
    128 Delaware St Indianapolis, IN 46204
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