230 E Ohio St - Office FOR SALE


Indianapolis, IN 46204- Market East
$2,100,000 USD
317-853-7502
230 E Ohio St, Indianapolis, IN for Sale
$2,100,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

230 E Ohio St
Indianapolis, IN 46204
Market East


HIGHLIGHTS

  • ±31,726 SF on 0.23 acres with 11 on-site parking spaces.
  • Situated on East Ohio Street in downtown Indianapolis, with access to Meridian Street, Pennsylvania Street, and I-65/I-70 via nearby interchanges.
  • Multi-tenant office property with a mix of owneroccupancy and leased space in the downtown core.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

ICLEF Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CBD2

APN/PARCEL ID

49-11-01-240-049.000-101

ASK ABOUT THIS PROPERTY

Michael ShortALO Property GroupMore Info
317-853-7502

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Michael ShortALO Property GroupMore Info
317-853-7502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.