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Investment Highlights
- Heavy Traffic
- 12" Masonry Perimeter Walls with 4" Limestone Block on Front/ Rear Facades
- 24 onsite parking spots
Executive Summary
1317 N. Pennsylvania Street presents a unique opportunity to acquire a well-located office property in one of Indianapolis' most desirable urban corridors. Situated just north of the Central Business District and within minutes of Mass Ave, the Indiana State Capitol, and downtown amenities, the property offers exceptional accessibility for businesses seeking a highly visible and convenient location.
One of the property's most attractive features is its 24 dedicated on-site parking spaces, a rare and valuable amenity for office users in the downtown market. The ample parking provides convenience for employees, clients, and visitors while eliminating many of the challenges commonly associated with urban office properties.
The building is well-suited for an owner-user seeking a downtown headquarters, a professional services firm requiring a central location, or an investor looking to capitalize on Indianapolis' continued growth and redevelopment. The property's strategic location offers immediate access to Interstate 65, Interstate 70, and major thoroughfares throughout the city, providing efficient connectivity to the greater Indianapolis metropolitan area.
Surrounded by a vibrant mix of government offices, law firms, healthcare providers, restaurants, multifamily developments, and cultural attractions, 1317 N. Pennsylvania Street benefits from the energy and momentum of downtown Indianapolis while maintaining easy access and parking for daily operations.
With its combination of location, accessibility, parking, and flexibility, 1317 N. Pennsylvania Street represents a compelling opportunity for users and investors seeking a presence in one of Indianapolis' most established and growing urban submarkets.
One of the property's most attractive features is its 24 dedicated on-site parking spaces, a rare and valuable amenity for office users in the downtown market. The ample parking provides convenience for employees, clients, and visitors while eliminating many of the challenges commonly associated with urban office properties.
The building is well-suited for an owner-user seeking a downtown headquarters, a professional services firm requiring a central location, or an investor looking to capitalize on Indianapolis' continued growth and redevelopment. The property's strategic location offers immediate access to Interstate 65, Interstate 70, and major thoroughfares throughout the city, providing efficient connectivity to the greater Indianapolis metropolitan area.
Surrounded by a vibrant mix of government offices, law firms, healthcare providers, restaurants, multifamily developments, and cultural attractions, 1317 N. Pennsylvania Street benefits from the energy and momentum of downtown Indianapolis while maintaining easy access and parking for daily operations.
With its combination of location, accessibility, parking, and flexibility, 1317 N. Pennsylvania Street represents a compelling opportunity for users and investors seeking a presence in one of Indianapolis' most established and growing urban submarkets.
Property Facts
Sale Type
Owner User
Property Type
Building Size
12,700 SF
Building Class
B
Year Built
1960
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,250 SF
Slab To Slab
10’
Building FAR
0.84
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
C-4 - C-4 Zoning
Parking
24 Spaces (1.89 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-06-36-107-017.000-101 | Improvements Assessment | $678,365 CAD |
| Land Assessment | $236,256 CAD | Total Assessment | $914,621 CAD |
Property Taxes
Parcel Number
49-06-36-107-017.000-101
Land Assessment
$236,256 CAD
Improvements Assessment
$678,365 CAD
Total Assessment
$914,621 CAD
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1317 N Pennsylvania St
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