150 W Market Street
10-Story Downtown Office Asset | 116,504 SF | 81.92% Occupied | Indianapolis, IN
Marketing description
Colliers is pleased to present the opportunity to acquire 150 W Market Street, a 10-story, 116,504 SF office tower prominently located in Downtown Indianapolis adjacent to the State Capitol.
The property is 81.9% occupied by 19 tenants (WALT 4.0 years), providing stable income with near-term upside through leasing 10,155 SF of vacancy. Built in 1958 and most recently renovated in 2021, it offers functional office space with excellent transit access, parking, and walkable amenities.
Surrounded by $5B+ in downtown redevelopment, including the $600M Circle Centre Mall transformation and the 38-story Signia by Hilton hotel, the asset is positioned to benefit from Indianapolis’ growth and long-term value appreciation.
Investment highlights
Unmatched Downtown Location Adjacent to the State Capitol
Prime downtown setting directly beside the Indiana State Capitol, offering tenants walkable access to government offices, cultural institutions, business hubs, dining, and entertainment.
Stable In-Place Cash Flow with Value-Add Upside
81.9% leased to 19 tenants (WALT 4 years), generating predictable income with 10,155 SF of vacancy available to capture near-term leasing upside.
Proximity to $5B+ Downtown Redevelopment
Surrounded by transformative projects including the $600M Circle Centre Mall open-air mixed-use redevelopment and the 38-story Signia by Hilton hotel, enhancing long-term demand and value.
Transit-Oriented & Walkable Location
Excellent connectivity via IndyGo bus routes and nearby parking facilities, combined with high walkability to retail, dining, and cultural amenities that attract and retain tenants.
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