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230 E Ohio St
Indianapolis, IN 46204
ICLEF Building · Office Property For Sale
Investment Highlights
- ±31,726 SF on 0.23 acres with 11 on-site parking spaces.
- Multi-tenant office property with a mix of owneroccupancy and leased space in the downtown core.
- Situated on East Ohio Street in downtown Indianapolis, with access to Meridian Street, Pennsylvania Street, and I-65/I-70 via nearby interchanges.
Executive Summary
The ICLEF Building offers a rare opportunity for investors to acquire a distinguished office property in the vibrant core of downtown Indianapolis. Featuring 36,000 SF across multiple floors, the building combines historic architectural charm with adaptable configurations suitable for a range of professional and institutional uses. Its location in the Central Business District ensures continuous tenant demand due to proximity to government facilities, courts, and numerous downtown amenities.
Positioned just steps from Massachusetts Avenue, the property is surrounded by a dynamic mix of dining, retail, and hospitality venues, enhancing its appeal to tenants and visitors alike. Accessibility is seamless with close connections to major thoroughfares, including I-65, I-70, and major arterial streets, providing convenient regional connectivity. Given its structural integrity, iconic character, and outstanding positioning within Indianapolis’ commercial hub, the building represents a compelling investment opportunity with potential for long-term value growth and operational income.
Positioned just steps from Massachusetts Avenue, the property is surrounded by a dynamic mix of dining, retail, and hospitality venues, enhancing its appeal to tenants and visitors alike. Accessibility is seamless with close connections to major thoroughfares, including I-65, I-70, and major arterial streets, providing convenient regional connectivity. Given its structural integrity, iconic character, and outstanding positioning within Indianapolis’ commercial hub, the building represents a compelling investment opportunity with potential for long-term value growth and operational income.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
31,726 SF
Building Class
B
Year Built/Renovated
1905/1973
Price
$2,962,470 CAD
Price Per SF
$93.38 CAD
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
5,288 SF
Slab To Slab
10’
Building FAR
3.17
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CBD2 - Commercial
Property Taxes
| Parcel Number | 49-11-01-240-049.000-101 | Improvements Assessment | $1,727,402 CAD |
| Land Assessment | $940,373 CAD | Total Assessment | $2,667,775 CAD |
Property Taxes
Parcel Number
49-11-01-240-049.000-101
Land Assessment
$940,373 CAD
Improvements Assessment
$1,727,402 CAD
Total Assessment
$2,667,775 CAD
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