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    150 Market St Indianapolis, IN 46204

    Sponsored
    For Lease
    $20 SF/Yr

    Class A Office, 117,000 SF, Flexible Suites

    Lot size:
    117,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 150 W Market St in Indianapolis, Indiana, offers a prime opportunity for businesses seeking flexible and modern workspace. The 11-story building, totaling 117,000 square feet, boasts a multitude of options, with spaces ranging from a minimum of 294 square feet to a maximum contiguous space of 6,779 square feet. Currently, 23,597 square feet is available for lease. Built in 1957 and extensively renovated in 2021, the property features upgraded amenities including a new security desk, modernized elevator cabs, enhanced common area finishes, and a significantly improved HVAC system. The building also showcases new artwork and furniture, along with digital flat-screen directories. Situated directly across from the Indiana State Capitol building in the heart of the Central Business District (CBD), this location offers unparalleled visibility and accessibility. The property is zoned CBD1 and sits on a 117,000 square foot lot. Multiple tenancy options are available, making it ideal for a variety of business needs. Elevators are present to service all floors. This is a rare opportunity to secure high-quality office space in a highly desirable location.

    Property Features for 150 Market St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    117,000 SF
    Class
    A
    Total Rate
    199875

    Building Details

    Year Built/Renovated
    1957/2021
    Stories
    11

    Unit(s) available at that property

    Space
    Suite 040
    Size
    2,025 SF
    Rate per SF
    $20
    Space
    Suite 403
    Size
    294 SF
    Rate per SF
    $20
    Space
    Suite 500
    Size
    6,434 SF
    Rate per SF
    $20
    Space
    Suite 110
    Size
    692 SF
    Rate per SF
    $20
    Space
    Suite 406
    Size
    3,376 SF
    Rate per SF
    $20
    Space
    Suite 728
    Size
    6,779 SF
    Rate per SF
    $20
    Space
    Suite 510
    Size
    3,322 SF
    Rate per SF
    $20

    HighLights

    • Class A, 11‑story office building totaling 117,000 square feet with 23,597 square feet currently available for lease in Indianapolis' Central Business District.
    • Conference room and reception area on the second floor.
    • Ground floor features a Lincoln Square Pancake House.
    • Full‑height floor‑to‑ceiling windows throughout the building.
    • Move‑in ready suites and build‑out options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Web Application Developers Website Designer Indiana Environmental Institute ... Environmental Program Russell Fowler II Attorney The Prosper Group Marketing Agency ISTA Center Association Or Organization

    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
    -86.1613856
    Latitude
    39.7690238

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 117,000 SF, Flexible Suites
    Where is this office property / space located?
    The property is located at 150 Market St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Class A, 11-story office building totaling 117,000 square feet with 23,597 square feet currently available for lease in Indianapolis' Central Business District.; Conference room and reception area on the second floor.; Ground floor features a Lincoln Square Pancake House.
    Request Owner's contact information
    150 Market 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
    150 Market St Indianapolis, IN 46204
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