Skip to content

1300 N Pennsylvania Street

Indianapolis, IN 46202

ActiveListed Aug 5, 2026 · 50 days on market

Key facts

Living area
8,637 sqft
Lot
0.23 acres
Year built
1930
Type
Commercial Sale · Office
MLS #
22118495
County
Marion
Total building area
8,637 sqft

About this home

The only fully-divided, tenant-ready 16-suite office building on the market at this price point - a rare turnkey income opportunity in one of the city's most vibrant business districts. This meticulously maintained 5,700+ SF building is move-in ready today, offering 16 private, fully built-out suites with copy rooms and kitchenettes across two floors, each with its own dedicated reception area. Currently home to three tenants (two attorneys and a home builder), the property has significant untapped upside - leasing was intentionally paused under prior ownership, leaving 13 suites available for immediate lease-up, including the entire vacant first floor with its own reception area and spacious conference room, ideal as shared amenity space or private meeting space for a full-floor tenant. The versatile layout suits attorneys, therapists, medical/specialty practices, consultants, and other private-office users. Large windows provide excellent natural light, and dedicated rear parking offers direct building entry, with accessible entry into the first floor (no elevator; second floor via stairs only). Perfectly positioned with excellent street frontage, high traffic counts, and easy access to major highways, public transit, and downtown amenities, plus a private lot and additional on-street parking. For the investor seeking diversified income from day one - or a business ready to anchor a full floor with its own reception and conference space - this is a rare opportunity to acquire a fully realized multi-tenant asset with immediate upside built in. Suite-by-suite rent roll available upon request.

Description provided by the listing brokerage.

Interior

Security
Closed Circuit Camera(s)See RemarksSmoke Detector(s)

Exterior

Parking and garage
Common
Fencing
Partial
Other equipment
Air PurifierIntercom

Systems

Heating
Forced Air
Cooling
Central Air
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial - Office

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$13,270 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,801per month, estimated
Principal and interest $2,520Property tax $1,106Insurance $175
20% · $100,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$500,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.