Historic Downtown Indianapolis Office Building For Sale

429 E Vermont Street, Indianapolis, IN

$450 to $700/mo

Price

30,346 sqft

Building Size

0.45 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
30,346 sqft
Lot Area
0.45 acres
Class
B
Occupancy
100%
Units
33
Year Built
1911
Floors
5
Description

The Academy Building is a 5 floor office building that was originally a Catholic School, built in 1911, and expanded in 1916 to its current footprint. The Academy building provides well finished, move-in ready office suites of all sizes, ranging from 300 Square Feet to 4,000 Square Feet. The original woodwork, tile work, and historic elements of the building have all been restored and provide an excellent combination of modern efficiency with historic design!

The Academy Building is located in the heart of the historic Lockerbie Square neighborhood, just 1 block from Mass Ave, the restaurant, local retail, and night life capital of downtown Indianapolis! The Academy Building provides tenants and clients with the perfect balance of a downtown location, with easy access to and from anywhere in the metro area.

Highlights
  • Historic, restored downtown office building
  • Irreplaceable location in historic Lockerbie Square neighborhood
  • 98% leased with significant built-in rent growth
  • Opportunity to add 990 SF to rent roll for future revenue increases
  • 30 surface parking spaces with room for rate growth
  • 24 suites under 1,000 RSF, filling a large void in the downtown office market with significant demand
  • Very long tenant history
  • Below-market rental rates with large growth potential
  • 1 block off of Mass Ave, the premier restaurant and entertainment district in downtown Indianapolis
2 Spaces Available

Suite 101A, 101A, 1

Available:
Immediately
Sublease:
No
SQFT
254
Lease Rate:
$450/mo
Lease Type:
Gross

1st-floor executive office suite located directly off the main lobby!

Suite 307, 307, 3

Available:
05/01/2024
Sublease:
No
SQFT
428
Lease Rate:
$700/mo
Lease Type:
Gross

Executive office suite on the 3rd floor perfect for individuals or teams of up to 3 or 4. Large windows with lots of natural light!

Documents
Title
Lease Brochure
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Location
Gallery