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The Pennway Building 241 N Pennsylvania St 2,741 - 25,016 SF of Office Space Available in Indianapolis, IN 46204

Matterport 3D Tour

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HIGHLIGHTS

  • The Pennway Building is the perfect blend of early-century character and contemporary style spanning 31,187 SF across four floors and a lower level.
  • LEED Gold certified with modern amenities like a fitness center, sub-surface parking, key fob entry, and locker room facilities.
  • Building signage available to form a high-identity presence on Pennsylvania and New York Street, passed by thousands of pedestrians and drivers daily.
  • Historically rich design showcased throughout with a beautiful marble exterior, ornate iron staircase and elevators, and exposed brick and steel.
  • Centrally located between Mass Ave, Monument Circle, and University Park offering boundless walkable restaurants, entertainment, sports, and hotels.

ALL AVAILABLE SPACES(5)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor, Ste 100
  • 5,579 SF
  • Negotiable
  • $35.60 CAD/SF/YR $2.97 CAD/SF/MO $198,590 CAD/YR $16,549 CAD/MO
  • Office
  • Full Build-Out
  • Now
  • Rate includes utilities, building services and property expenses
  • 11 Private Offices
  • 8 Workstations
  • Fully Built-Out as Law Office
  • 1 Conference Room
  • 2nd Floor, Ste 200
  • 2,741 SF
  • Negotiable
  • $35.60 CAD/SF/YR $2.97 CAD/SF/MO $97,569 CAD/YR $8,131 CAD/MO
  • Office
  • Spec Suite
  • 2026-04-01
  • Rate includes utilities, building services and property expenses
  • Space is in Excellent Condition
  • Open-Plan
  • Open Floor Plan Layout
  • Corner Space
  • 2nd Floor, Ste 201
  • 3,738 SF
  • Negotiable
  • $35.60 CAD/SF/YR $2.97 CAD/SF/MO $133,058 CAD/YR $11,088 CAD/MO
  • Office
  • Full Build-Out
  • 2026-04-01
  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • Fully Built-Out as Professional Services Office
  • 3rd Floor, Ste 300
  • 6,479 SF
  • Negotiable
  • $35.60 CAD/SF/YR $2.97 CAD/SF/MO $230,626 CAD/YR $19,219 CAD/MO
  • Office
  • Full Build-Out
  • 2026-04-01
  • Rate includes utilities, building services and property expenses
  • Mostly Open Floor Plan Layout
  • Fully Built-Out as Professional Services Office
  • 2 Private Offices
  • 4th Floor, Ste 400
  • 6,479 SF
  • Negotiable
  • $35.60 CAD/SF/YR $2.97 CAD/SF/MO $230,626 CAD/YR $19,219 CAD/MO
  • Office
  • Full Build-Out
  • 2026-04-01
  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • Fully Built-Out as Professional Services Office
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 100 5,579 SF Negotiable $35.60 CAD/SF/YR $2.97 CAD/SF/MO $198,590 CAD/YR $16,549 CAD/MO Office Full Build-Out Now
2nd Floor, Ste 200 2,741 SF Negotiable $35.60 CAD/SF/YR $2.97 CAD/SF/MO $97,569 CAD/YR $8,131 CAD/MO Office Spec Suite 2026-04-01
2nd Floor, Ste 201 3,738 SF Negotiable $35.60 CAD/SF/YR $2.97 CAD/SF/MO $133,058 CAD/YR $11,088 CAD/MO Office Full Build-Out 2026-04-01
3rd Floor, Ste 300 6,479 SF Negotiable $35.60 CAD/SF/YR $2.97 CAD/SF/MO $230,626 CAD/YR $19,219 CAD/MO Office Full Build-Out 2026-04-01
4th Floor, Ste 400 6,479 SF Negotiable $35.60 CAD/SF/YR $2.97 CAD/SF/MO $230,626 CAD/YR $19,219 CAD/MO Office Full Build-Out 2026-04-01

1st Floor, Ste 100

Size
5,579 SF
Term
Negotiable
Rental Rate
$35.60 CAD/SF/YR $2.97 CAD/SF/MO $198,590 CAD/YR $16,549 CAD/MO
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor, Ste 200

Size
2,741 SF
Term
Negotiable
Rental Rate
$35.60 CAD/SF/YR $2.97 CAD/SF/MO $97,569 CAD/YR $8,131 CAD/MO
Space Use
Office
Condition
Spec Suite
Available
2026-04-01

2nd Floor, Ste 201

Size
3,738 SF
Term
Negotiable
Rental Rate
$35.60 CAD/SF/YR $2.97 CAD/SF/MO $133,058 CAD/YR $11,088 CAD/MO
Space Use
Office
Condition
Full Build-Out
Available
2026-04-01

3rd Floor, Ste 300

Size
6,479 SF
Term
Negotiable
Rental Rate
$35.60 CAD/SF/YR $2.97 CAD/SF/MO $230,626 CAD/YR $19,219 CAD/MO
Space Use
Office
Condition
Full Build-Out
Available
2026-04-01

4th Floor, Ste 400

Size
6,479 SF
Term
Negotiable
Rental Rate
$35.60 CAD/SF/YR $2.97 CAD/SF/MO $230,626 CAD/YR $19,219 CAD/MO
Space Use
Office
Condition
Full Build-Out
Available
2026-04-01

1st Floor, Ste 100

Size 5,579 SF
Term Negotiable
Rental Rate $35.60 CAD/SF/YR
Space Use Office
Condition Full Build-Out
Available Now

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Law Office
  • 11 Private Offices
  • 1 Conference Room
  • 8 Workstations

2nd Floor, Ste 200

Size 2,741 SF
Term Negotiable
Rental Rate $35.60 CAD/SF/YR
Space Use Office
Condition Spec Suite
Available 2026-04-01

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • Space is in Excellent Condition
  • Corner Space
  • Open-Plan

2nd Floor, Ste 201

Size 3,738 SF
Term Negotiable
Rental Rate $35.60 CAD/SF/YR
Space Use Office
Condition Full Build-Out
Available 2026-04-01

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Professional Services Office
  • Open Floor Plan Layout

3rd Floor, Ste 300

Size 6,479 SF
Term Negotiable
Rental Rate $35.60 CAD/SF/YR
Space Use Office
Condition Full Build-Out
Available 2026-04-01

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Professional Services Office
  • Mostly Open Floor Plan Layout
  • 2 Private Offices

4th Floor, Ste 400

Size 6,479 SF
Term Negotiable
Rental Rate $35.60 CAD/SF/YR
Space Use Office
Condition Full Build-Out
Available 2026-04-01

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Professional Services Office
  • Open Floor Plan Layout

MATTERPORT 3D TOUR

4th Floor

PROPERTY OVERVIEW

The Pennway Building: Where Legacy Meets Vision Originally constructed in 1902 as the Pennway Building, this storied structure served as a landmark headquarters for Indiana’s pioneering energy companies and local institutions. Now reintroduced under its historic name, the Pennway Building blends a century of architectural character with a modernized boutique office experience. Located at 241 North Pennsylvania Street in the heart of Downtown Indianapolis, the building offers full-floor identity, exposed brick interiors, on-site parking, and LEED Gold certification. The Pennway Building is outfitted with all of the essentials and more after a comprehensive renovation in 2011. Peace of mind is ensured with secure key fob access to the building, suites, and restrooms. Teams can use the kitchenette and breakroom to unwind or chat with their partners in the client lounge. It’s also easy to fit in a workout with the on-site fitness center supported by private showers and locker rooms. The dynamic suite mix includes turnkey, fully furnished spaces and customizable spec suites with sizes from approximately 2,238 to 25,053 square feet, with optionality for both open and private office layouts. The Pennway Building is an excellent asset for a variety of business looking to delivery a unique workplace experience in one of the most activated corridors in downtown Indianapolis offering tenants both a prime location, brand visibility, and a workplace experience that embodies authenticity, creativity, and a sense of place in the city’s urban core. Pennsylvania Street is the primary thoroughfare for Downtown Indianapolis, laying out a world of amenities at the building's doorstep, and tenants can maximize this prominent position with building signage available. The Pennway Building boasts a walk and bike score of 99, with popular destinations like Mass Ave, Gainbridge Fieldhouse, Georgia Street, Monument Circle, and the expanded entertainment districts only blocks away. The heart of the CBD is also steps from the office, ideal for nurturing professional partnerships, hosting visitors in the city’s top hotels, or exploring the premier shopping and dining options.

  • Atrium
  • Controlled Access
  • Fitness Center

PROPERTY FACTS

Building Type
Office
Year Built/Renovated
1902/2011
Building Height
4 Stories
Building Size
25,016 SF
Building Class
B
Typical Floor Size
6,254 SF
Unfinished Ceiling Height
14’
Parking
Covered Parking
13 Reserved Parking Spaces

SELECT TENANTS

  • FLOOR
  • TENANT NAME
  • INDUSTRY
  • 3rd
  • Colliers
  • Real Estate
  • 1st
  • Raymond James
  • Finance and Insurance
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 37472516

  • Date on Market: 2025-08-29

  • Last Updated:

  • Address: 241 N Pennsylvania St, Indianapolis, IN 46204

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