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    603 Washington St Indianapolis, IN 46204

    Sponsored
    For Lease
    $20 SF/Yr

    Historic building, flexible suites, prime location

    Lot size:
    66,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 66,000 square foot, ten-story Class B office building, constructed in 1917, offers a unique opportunity in Indianapolis's vibrant Market East District. Currently housing five suites, with three spaces immediately available, this property boasts a minimum divisible space of 6,600 square feet, perfect for a variety of businesses. The building's traditional office layout is complemented by its suitability for coworking, medical, executive, and creative office uses. Located at 603 E Washington St, Indianapolis, IN 46204, this prime downtown location offers easy access to apartments, hotels, and new developments. The building features convenient amenities including a secured entrance with a main lobby, on-site staff and front desk, and an attached parking lot. The building is zoned CBD-2 and benefits from two elevators. This is a rare chance to secure space in a landmark building in a thriving downtown area. The building's historic character blends seamlessly with modern conveniences, creating an ideal environment for businesses seeking a prestigious and functional workspace.

    Property Features for 603 Washington St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,000 SF
    Class
    B
    Total Rate
    110000

    Building Details

    Year Built
    1917
    Stories
    10

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    6,600 SF
    Rate per SF
    $20
    Space
    4th Floor
    Size
    6,600 SF
    Rate per SF
    $20
    Space
    6th Floor
    Size
    6,600 SF
    Rate per SF
    $20

    HighLights

    • 33,000 SF of leasable space available in a 66,000 SF building.
    • Large, open floor plans offering flexible space layouts.
    • Ample on‑site surface parking.
    • Freight elevator and dock‑high loading for convenient deliveries.
    • Secure building with on‑site security personnel.
    • High‑visibility location at the busy Washington & East intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Indiana Mentoring Partnership Youth Organization Sweet Real Estate Real Estate Agency DISA Global Solutions, ... Drug Testing Service Adult & Child Center ... Foster Care Service Dr. Charles W. ... Doctor

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.147378589769
    Latitude
    39.766863241657

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    FAQs

    What type of property is this?
    Office space - Historic building, flexible suites, prime location
    Where is this office space located?
    The property is located at 603 Washington 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: 33,000 SF of leasable space available in a 66,000 SF building.; Large, open floor plans offering flexible space layouts.; Ample on-site surface parking.
    Request Owner's contact information
    603 Washington 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
    603 Washington St Indianapolis, IN 46204
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