1135 Shelby St — Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Indianapolis, IN 46203
  • Size: 1,360 SF
  • Year built: 1930

Description

A fantastic opportunity to place your business in the heart of Fountain Square! Located directly on Shelby Street, this space is perfectly situated for both retail and office users. This location offers ample parking and high visibility. Come experience all this this rapidly growing community has to offer. Building SF: 1360 | Land Size: 0.13 Ac | Year Built: 1930 | Listing Type: FOR LEASE

Market Context

This office in Indianapolis, IN is listed for lease across 1,360 SF. The building dates to 1930. It has been on the market for 72 days. Compare it against other office listings for lease in Indianapolis, IN — view the full market.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per multiple brokerage reports.

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