251 E Ohio — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46204

Description

251 E. Ohio Street is an 11-story, high quality office building located in the bustling Market East District in Downtown Indianapolis that is currently undergoing a redevelopment. The 251 building is included in Phase I of the City Market East redevelopment and the building's new renovations include: four new high speed elevators, lobby improvements and common areas on all of the floors. These improvements will take the building from Class B to Class A.

Market Context

This office in Indianapolis, IN is listed for sale. It has been on the market for 141 days. Compare it against other office listings for sale 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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