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Listed by Jimmy Dulin • eXp Realty LLC
$ 575,000
Est. payment /mo
New
1300 N Pennsylvania ST Indianapolis, IN 46202
8,637 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,637 sqft
Price per Sqft $66
MLS Listing ID 22118495
Year Built 1930
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Office
Property Description
The only fully-divided, tenant-ready 16-suite office building on the market at this price point - a rare turnkey income opportunity in one of the city's most vibrant business districts. This meticulously maintained 5,700+ SF building is move-in ready today, offering 16 private, fully built-out suites with copy rooms and kitchenettes across two floors, each with its own dedicated reception area. Currently home to three tenants (two attorneys and a home builder), the property has significant untapped upside - leasing was intentionally paused under prior ownership, leaving 13 suites available for immediate lease-up, including the entire vacant first floor with its own reception area and spacious conference room, ideal as shared amenity space or private meeting space for a full-floor tenant. The versatile layout suits attorneys, therapists, medical/specialty practices, consultants, and other private-office users. Large windows provide excellent natural light, and dedicated rear parking offers direct building entry, with accessible entry into the first floor (no elevator; second floor via stairs only). Perfectly positioned with excellent street frontage, high traffic counts, and easy access to major highways, public transit, and downtown amenities, plus a private lot and additional on-street parking. For the investor seeking diversified income from day one - or a business ready to anchor a full floor with its own reception and conference space - this is a rare opportunity to acquire a fully realized multi-tenant asset with immediate upside built in. Suite-by-suite rent roll available upon request.
Location
State IN
County Marion
Zoning Commercial - Office
Interior
Heating Forced Air
Cooling Central Air
Equipment Air Purifier, Intercom
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N false
Building
Story 3
New Construction false
Schools
School District Indianapolis Public Schools
Others
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