Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    241 Pennsylvania St, Indianapolis, IN 46204

    Property ID
    Property summary
    AI-generated overview

    This exceptional 5,579 square foot office space, located on the first floor of a fully renovated, LEED Gold certified building at 241 N Penn St, Indianapolis, becomes available August 1st, 2024. The property boasts a prime corner location at the intersection of New York and Pennsylvania Streets, offering unparalleled visibility and accessibility. This historically significant early-century building blends classic architectural details with modern amenities. Its central location places it within walking distance of key office buildings, banks, and government facilities, enhancing its appeal for businesses seeking a prestigious address. The vibrant Mass Ave Cultural District, with its diverse restaurants and entertainment options, is also conveniently close. Furthermore, the property's proximity to University Park and the Indiana War Memorial provides a desirable and amenity-rich environment. Practical considerations are well-addressed with numerous parking options, including metered street parking and nearby public garages. Tenants will enjoy key fob access, on-site restroom facilities, and access to an on-site fitness center and property management. Building signage opportunities are also available. This is a rare opportunity to secure a high-quality, historically significant office space in a thriving downtown location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ignition Inc Marketing & Advertising (Bike/Boat/Book/etc) Store
    • Office Indy Real Estate Agency
    • wR2 Advisors of Raymond James Financial Advisor
    • Root Wellness Gym & Fitness Center
    • Istoria Group Marketing & Advertising (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 241 Pennsylvania St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message