241 Pennsylvania St, Indianapolis, IN 46204
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.