241 N Pennsylvania St - Loft/Creative Space FOR SALE


Indianapolis, IN 46204- Circle City
$5,950,000 USD
463-800-8541
241 N Pennsylvania St, Indianapolis, IN for Sale
$5,950,000 USD
Loft/Creative Space - FOR SALE
1/34
null | Request Cap Rate

Apr '26


241 N Pennsylvania St
Indianapolis, IN 46204
Circle City


HIGHLIGHTS

  • Historic, early-century style building
  • Built in 1902, renovated in 2011
  • LEED GOLD Certified
  • On-site sub-surface parking (13 spaces)
  • Highly-visible building signage potential
  • On-site fitness center with showers & locker room

OVERVIEW

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—positioning it as a premier destination for tenants seeking authenticity, creativity, and a sense of place in the city’s urban core.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Pennway Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

CBD1

APN/PARCEL ID

49-11-01-163-001.000-101

ASK ABOUT THIS PROPERTY

Andrew UrbanColliersMore Info
463-800-8541

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Andrew UrbanColliersMore Info
463-800-8541

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