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150 W Market St
Indianapolis, IN 46204
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Prime downtown setting beside the Indiana State Capitol with walkable access to offices, dining, and cultural amenities
- At the heart of $5B+ revitalization, near Circle Centre Mall’s $600M mixed-use plan and the 38-story Signia Hilton hotel
- 81.9% leased to 19 tenants (WALT 4 yrs), providing steady income with 10,155 SF available for near-term leasing upside
- Strong IndyGo bus access, ample nearby parking, and high walkability to retail, dining, and cultural amenities
EXECUTIVE SUMMARY
Colliers is pleased to present the opportunity to acquire 150 W Market Street, a 10-story, 116,504 SF office tower prominently located in Downtown Indianapolis adjacent to the State Capitol.
The property is 81.9% occupied by 19 tenants (WALT 4.0 years), providing stable income with near-term upside through leasing 10,155 SF of vacancy. Built in 1958 and most recently renovated in 2021, it offers functional office space with excellent transit access, parking, and walkable amenities.
Surrounded by $5B+ in downtown redevelopment, including the $600M Circle Centre Mall transformation and the 38-story Signia by Hilton hotel, the asset is positioned to benefit from Indianapolis’ growth and long-term value appreciation.
The property is 81.9% occupied by 19 tenants (WALT 4.0 years), providing stable income with near-term upside through leasing 10,155 SF of vacancy. Built in 1958 and most recently renovated in 2021, it offers functional office space with excellent transit access, parking, and walkable amenities.
Surrounded by $5B+ in downtown redevelopment, including the $600M Circle Centre Mall transformation and the 38-story Signia by Hilton hotel, the asset is positioned to benefit from Indianapolis’ growth and long-term value appreciation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
117,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1957/2021
Percent Leased
82%
Tenancy
Multiple
Building Height
11 Stories
Typical Floor Size
10,636 SF
Slab To Slab
12’
Building FAR
8.95
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
C - Commercial Property where retail, office and other similar commercial uses are allowed.
AMENITIES
- Banking
- Conferencing Facility
- Convenience Store
- Restaurant
- Signage
- Natural Light
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 49-11-02-251-140.000-101 | Improvements Assessment | $8,110,895 CAD |
| Land Assessment | $1,837,501 CAD | Total Assessment | $9,948,396 CAD |
PROPERTY TAXES
Parcel Number
49-11-02-251-140.000-101
Land Assessment
$1,837,501 CAD
Improvements Assessment
$8,110,895 CAD
Total Assessment
$9,948,396 CAD
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