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    Property profile & analytics
    FOR SALE
    Office Spaces

    619 N Pennsylvania St, Indianapolis, IN 46204

    8,176 SF 0.16 ac lot Built 1954
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US31-1284967
    Property summary
    AI-generated overview

    This exceptional two-story office building, totaling 8,130 square feet, presents a unique opportunity in the heart of Indianapolis. Located in Marion County, the property boasts a prime location with convenient access to Mass Ave, the central business district, and nearby green spaces including the American Legion Mall and memorials. The building features a main entrance with abundant natural light, enhancing the professional atmosphere. The efficient floor plates are approximately 4,065 square feet per floor, offering flexibility for various business needs. Some areas showcase exposed ceilings, adding a touch of modern industrial design. Ample surface parking is available, accommodating approximately 30 vehicles. The entire 8,130 square feet is currently vacant and available for lease or purchase. The lease rate is $18.75 per square foot, triple net (NNN). Alternatively, the property is offered for sale at $1,600,000. The minimum divisible space is 4,065 square feet, while the maximum contiguous space available is the entire 8,130 square feet. This presents an ideal opportunity for a single tenant seeking a substantial presence or multiple tenants seeking smaller, yet prestigious, executive office suites. Don't miss this chance to secure a highly desirable location in a vibrant and growing area.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1954
    Construction TYPE NOT SPECIFIED
    Total area 8,176 SF
    Lot 0.16 ac (7,035 SF)
    APN 49-11-01-121-016.000-101
    UPID US31-1284967
    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
    • V3 Companies, Ltd. Engineer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    619 Partners LLC · 2 yrs held
    619 Partners LLC
    since 2024
    7 recorded transactions
    2024
    2018
    2015
    2010
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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