Office for Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46204

Description

251 E. Ohio Street is an 11-story, high quality office building located in the bustling Market East District in Downtown Indianapolis that is currently undergoing a redevelopment. The 251 building is included in Phase I of the City Market East redevelopment and the building's new renovations include: four new high speed elevators, lobby improvements and common areas on all of the floors. These improvements will take the building from Class B to Class A.

Market Context

This office in Indianapolis, IN is listed for sale. It has been on the market for 93 days. Compare it against other office listings for sale in Indianapolis, IN — <a href="/search/sale/office/indiana/indianapolis">view the full market</a>.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: Consensus Q1 2026 market report.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per Consensus.

Unified Estimate

Medium Confidence

$102.92/SF – $139.24/SF

Mid: $121.08/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Contact

Explore this market

Similar Office for Sale in Indianapolis, IN