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ICLEF Building 230 E Ohio St 31,726 SF Office Building Indianapolis, IN 46204 $2,100,000 ($66.19/SF)



Investment Highlights
- ±31,726 SF on 0.23 acres with 11 on-site parking spaces.
- Multi-tenant office property with a mix of owneroccupancy and leased space in the downtown core.
- Situated on East Ohio Street in downtown Indianapolis, with access to Meridian Street, Pennsylvania Street, and I-65/I-70 via nearby interchanges.
Executive Summary
The ICLEF Building offers a rare opportunity for investors to acquire a distinguished office property in the vibrant core of downtown Indianapolis. Featuring 36,000 SF across multiple floors, the building combines historic architectural charm with adaptable configurations suitable for a range of professional and institutional uses. Its location in the Central Business District ensures continuous tenant demand due to proximity to government facilities, courts, and numerous downtown amenities.
Positioned just steps from Massachusetts Avenue, the property is surrounded by a dynamic mix of dining, retail, and hospitality venues, enhancing its appeal to tenants and visitors alike. Accessibility is seamless with close connections to major thoroughfares, including I-65, I-70, and major arterial streets, providing convenient regional connectivity. Given its structural integrity, iconic character, and outstanding positioning within Indianapolis’ commercial hub, the building represents a compelling investment opportunity with potential for long-term value growth and operational income.
Positioned just steps from Massachusetts Avenue, the property is surrounded by a dynamic mix of dining, retail, and hospitality venues, enhancing its appeal to tenants and visitors alike. Accessibility is seamless with close connections to major thoroughfares, including I-65, I-70, and major arterial streets, providing convenient regional connectivity. Given its structural integrity, iconic character, and outstanding positioning within Indianapolis’ commercial hub, the building represents a compelling investment opportunity with potential for long-term value growth and operational income.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
31,726 SF
Building Class
B
Year Built/Renovated
1905/1973
Price
$2,100,000
Price Per SF
$66.19
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
5,288 SF
Slab To Slab
10’
Building FAR
3.17
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CBD2 - Commercial
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Medical office build out
- 2nd Fl-Ste 202
- 520 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 203
- 286 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 204
- 247 SF
- Office
- Full Build-Out
- Now
- 6th Fl-Ste 600
- 2,669 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 200 | 1,370 SF | Office/Medical | Full Build-Out | 30 Days |
| 2nd Fl-Ste 202 | 520 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 203 | 286 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 204 | 247 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 600 | 2,669 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 1,370 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 202
| Size |
| 520 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 286 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 247 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 600
| Size |
| 2,669 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size | 1,370 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Medical office build out
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 49-11-01-240-049.000-101 | Improvements Assessment | $1,224,500 |
| Land Assessment | $666,600 | Total Assessment | $1,891,100 |
Property Taxes
Parcel Number
49-11-01-240-049.000-101
Land Assessment
$666,600
Improvements Assessment
$1,224,500
Total Assessment
$1,891,100
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ICLEF Building | 230 E Ohio St
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