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21 N Pennsylvania Street

Indianapolis, IN 46204
  • $2,299,000
  • STATUS: Pending
  • ON SITE: 126 Days
  • MLS #: 22026290
Under Contract
UPDATED: 206 min ago
$2,299,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

School District:

Description

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.

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© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Vision One Real Estate.

Based on information submitted to the MLS GRID as of 2025-07-16T00:25:30.757. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.visiononerealestate.com/homes/161343094
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21 N Pennsylvania Street Indianapolis, IN 46204

  • Price: $2,299,000
  • Status: Pending
  • On Site: 126 Days
  • Updated: 206 min ago
  • MLS #: 22026290
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1920
Built
Neighborhood:
4910 - Marion - Center
County:
Marion
Area:
4910 - Marion - Center
School District:
Indianapolis Public Schools
Property Description
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.
Interior Features

Building Area Total 13600

Property Features

Acres <1/4 Acre Current Use Retail Dpr YN No Green Certification YN No New Construction YN No Possession Negotiable Possible Use CommMulTenRetail Property Sub Type Retail Semi Annual Property Tax Amt 13427 Space Available 8160 Tax Year 2023 Township Center Transaction Type Sale Utilities Electricity ConnectedGas NearbySewer ConnectedWater Connected Zoning CBD1

Listing provided courtesy of RE/MAX Advanced Realty: turnbillk@gmail.com. © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Vision One Real Estate.

Based on information submitted to the MLS GRID as of 2025-07-16T00:25:30.757. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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