619 N Pennsylvania St, Indianapolis, IN 46204
For Sale
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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.
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V3 Companies, Ltd. Engineer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.