21 N Pennsylvania Street, Indianapolis IN, 46204

Active

21 N Pennsylvania Street

Indianapolis IN, 46204

$2,299,000

$169.04 per sqft

Active

13,600 sqft

Commercial

Built in 1920

Courtesy of RE/MAX Advanced Realty, Keith Turnbill Listing Contact: [email protected]

This is a 4 story building with a lower level. Big Red Liquors is leasing the 1st floor as well as the lower floor. The remaining 3 floors are currently in shell condition and ready for your design. Each floor is 2,720 square feet. There is an elevator in the building that will require service. With the CBD1 zoning, you can have office, retail, day care, religious uses, medical uses, hair and nail salon, restaurant, bar, as well as multifamily/condos (over 5 units). If you were to lease the remaining 3 floors for $18.00 per square foot on a NNN basis, the gross rents would be in excess of $230,000 annually. This is an excellent location with close proximity to restaurants, Gainbridge Fieldhouse, Lucas Oil Stadium, etc.

22026290

MLSⓇ ID

March 7, 2025

Listed

March 11, 2025

Updated

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.06 Acres

School Information

School District: Indianapolis Public Schools

Other Property Details

Area Name: 4912 - Marion - Center Ne
Days on Market: 4
Garage: No
View: No
County: Marion
Municipality: Center
Utilities: Electricity Connected, Gas Nearby, Sewer Connected, Water Connected
Zoning: CBD1

Courtesy of RE/MAX Advanced Realty, Keith Turnbill,
Listing Contact: [email protected]

IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on the information submitted to the Broker Listing Cooperative listing service as of 3/11/2025, 11:17 PM UTC. All information believed to be reliable but not guaranteed and should be independently verified. Supplied Open House Information is subject to change without notice. All properties are subject to prior sale, change, or withdrawal. Properties may or may not be listed by the office/agent presenting the information. Neither listing broker(s), nor Metropolitan Indianapolis Board of REALTORS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

Data last updated 11:17 PM UTC, 3/11/2025