150 W Market Street

Colliers is pleased to present, as exclusive advisor to the Seller, the opportunity to acquire a 100% fee simple interest in 150 W Market Street, a 10-story, 116,504-square-foot office building prominently located in Downtown Indianapolis, directly adjacent to the Indiana State Capitol.

Currently 81.92% occupied by 19 tenants with a weighted average lease term (WALT) of 4.04 years, the property offers a stable in-place income stream with upside potential of leasing up the remaining vacancies. Originally built in 1958 and renovated in 1987, 1994, and most recently in 2021, 150 W Market St combines functional office space with a premier central business district location within Downtown Indianapolis. Tenants benefit from excellent public transit connectivity, multiple nearby parking options, and walkable access to a wide range of dining, entertainment, and civic amenities.

Downtown Indianapolis is undergoing a major transformation, with over $5 billion in development across healthcare, hospitality, entertainment, and infrastructure. Just across from the Property, the $600 million Circle Centre Mall redevelopment will convert the enclosed mall into an open-air, mixed-use destination featuring retail, dining, office, residential, and public spaces, with initial phases delivering by 2030. Nearby, the 38-story Signia by Hilton—set to open in 2026—will become the city’s tallest hotel and expand the convention center’s capacity, further boosting Indianapolis’ growing tourism and event-driven economy.
This offering presents investors with a rare opportunity to acquire a well-located, income-producing asset in the heart of a rapidly evolving urban core. With strong in-place cash flow, near-term leasing upside, and proximity to transformative developments like the Circle Centre Mall redevelopment and the Signia by Hilton convention hotel, 150 W Market Street is well-positioned to benefit from sustained tenant demand and long-term value appreciation in Downtown Indianapolis. 

Available