IU Health Neuroscience Center

Off-Market

355 West 16th Street, Indianapolis, IN 46202

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 270,000 SF
  • Lot Size 5.08 Acre
  • Parking Spaces Avail. 945
  • Parking Ratio 3.50 / 1,000 SF
  • Property Tenancy Owner Occupied
  • LEED Certified Gold
  • Building Class A
  • Year Built 2013

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Indianapolis

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Indianapolis Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $22.03
  • 2022 Office Vacancy Rate 21.26%
  • 2022 Office Completions (SF) 122,294

Indianapolis Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $89.98
  • Y-o-Y Avg. PpSF Change -30.47%
  • 2022 Office Sales Volume $113.2M
  • 2022 Number of Transactions 21
View more Indianapolis market trends

Location

Getting Around

  • Walk Score ®

    59/100 Somewhat Walkable
  • Transit Score ®

    50/100 Good Transit
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood The Old Northside
  • Zip Code 46202
  • Market Indianapolis

Points of Interest

  • Methodist

    0.07 miles

  • Canal

    0.40 miles

  • Indiana University/Riley

    0.97 miles

  • Indianapolis Union Station

    1.80 miles

  • Marathon

    0.80 miles

  • Phillips 66

    0.89 miles

  • Marathon

    1.50 miles

  • Tesla Supercharger

    1.57 miles

  • Shell

    1.58 miles

  • Speedway

    1.79 miles

  • Speedway

    1.88 miles

  • Marathon

    1.90 miles

  • Exxon

    1.93 miles

  • Phillips 66

    1.94 miles

  • Circle City Residential Parking

    0.57 miles

  • Indy Flats Residential Parking

    0.59 miles

  • Parking Lot 92

    0.83 miles

  • Parking Lot 69

    0.87 miles

  • Gateway Parking Garage

    0.90 miles

  • Lockefield Parking Garage

    0.90 miles

  • Parking Lot 73

    0.91 miles

  • Parking Lot 71

    0.94 miles

  • Blackford Parking Garage

    0.94 miles

  • Univeristy Hospital Parking Garage

    0.98 miles

  • Oakwood at Canal Square

    1.09 miles

  • Residence Inn Indianapolis Downtown on the Canal

    1.10 miles

  • Courtyard Indianapolis at the Capitol

    1.11 miles

  • Nestle Inn

    1.19 miles

  • Sheraton Indianapolis City Centre Hotel

    1.31 miles

  • Hilton Indianapolis Hotel & Suites

    1.34 miles

  • Hilton Garden Inn Indianapolis Downtown

    1.40 miles

  • Embassy Suites by Hilton Indianapolis - Downtown

    1.44 miles

  • Conrad Indianapolis

    1.45 miles

  • Courtyard by Marriott Indianapolis Downtown

    1.48 miles

  • White Castle

    0.28 miles

  • McDonald's

    0.43 miles

  • Chipotle

    0.50 miles

  • Lincoln Square Pancake House

    0.52 miles

  • Pizza Hut

    0.53 miles

  • Panda Express

    0.55 miles

  • Hardee's

    0.57 miles

  • Sushi Boss

    0.65 miles

  • Marco's Pizza

    0.66 miles

  • Donatos Pizza

    0.66 miles

  • Saint Agnes Academy

    0.41 miles

  • Crispus Attucks High School

    0.42 miles

  • Herron High School

    0.50 miles

  • Crispus Attucks High School

    0.50 miles

  • Saint Bridgets School

    0.60 miles

  • George Washington Carver School 87

    0.93 miles

  • Center for Public Inquiry School 27

    0.94 miles

  • IT Building

    0.99 miles

  • SL Building

    1.02 miles

  • LD Building

    1.06 miles

  • St. Mary's Child Center

    0.58 miles

  • Sunrise Christian Academy Daycare and Preschool

    1.68 miles

  • Charity Church Child Care Center

    2.19 miles

  • Day Early Learning Lilly Family Center

    2.35 miles

  • Divine Blessings Childcare Ministry

    2.35 miles

  • God's Angels Childcare

    2.51 miles

  • Kiddie Kollege

    2.57 miles

  • Reach to Teach Daycare

    2.63 miles

  • Decision Childcare Ministries

    2.64 miles

  • Alphabet Angels CCM

    2.77 miles

Frequently Asked Questions

What is the total square footage of IU Health Neuroscience Center?

IU Health Neuroscience Center totals 270,000 square feet.

When was this property built?

IU Health Neuroscience Center was built in 1999.

What is the market value for IU Health Neuroscience Center?

The market value* for IU Health Neuroscience Center in 2022 was $33,757,700.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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