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Renovated Office Space Near Capitol
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150 W Market Street, Indianapolis, IN 46204

Office space with recent renovations, near Indiana State Capitol.

Space Size2,025 SF - 6,779 SF
Property Size117,000 SF
Days on Market1883

Property Features for 150 W Market Street

General Information

Standard status Active
Size 2,025 SF - 6,779 SF
Class A
Property subtype Office
Lease Type Full Service

Building Details

Building Size 117,000 SF
Year Built 1957
Tenancy Multiple

Spaces For Lease

at 150 W Market Street Contact us

Suite 040

Size
2,025 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 500

Size
6,434 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 510

Size
3,322 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 728

Size
6,779 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Colliers - Indianapolis, Indiana
Listed By: Christa Calderone · License #IN RB14046182
Source: Crexi
Added: Jul 9, 2021 Changed: Aug 23 Last Checked: Aug 30 at 8:26PM

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 Colliers - Indianapolis, Indiana

Investment Insights

Based on property information with market context.

This office space is located directly across from the Indiana State Capitol building. The property has undergone major renovations, including a new security desk, new elevator cabs, upgraded common area finishes, major HVAC upgrades, and new artwork and furniture. Digital flat screen directories have also been installed.

Key Highlights

  • Directly across from the Indiana State Capitol building.
  • Major renovations completed.
  • New security desk.

Property Analytics

Current Use

Web Application Developers Marketing & Advertising Indiana Environmental Institute ... Sustainability Organization Russell Fowler II Law Firm The Prosper Group Advertising Agency ISTA Center Association Or Organization

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Tanning Salon Nursing Home

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
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,865
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

$19.9 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
13,554 SF
Avg Space Size

This space is priced 6% above the average of $19.9 /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 building - Office space with recent renovations, near Indiana State Capitol.
Where is this office building located?
The property is located at 150 W Market Street Indianapolis, IN.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Directly across from the Indiana State Capitol building.; Major renovations completed.; New security desk.
(317) 713-2151 Call to check price and availability
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