Lockerbie Collection

333 N Alabama St, Indianapolis, IN 46204

Property Information

  • For Sale Contact for pricing
  • Property Type Office - General Office
  • Property Size 183,095 SF
  • Lot Size 4.83 SF
  • Year Renovated 2018
  • Date Updated Oct 30, 2026

Description

The Lockerbie Collection is a premier adaptive reuse office, retail, and parking portfolio totaling 183,095 square feet across four historically significant properties in the heart of Downtown Indianapolis' vibrant Mass Ave and Lockerbie Square districts. The portfolio includes approximately 4.83 acres, including 2.23 acres of surface parking with future redevelopment potential, as well as a 62-space underground parking garage.

Currently 80% occupied by 16 tenants with a 4.21-year weighted average lease term, the property provides stable in-place cash flow while offering meaningful long-term upside. Retail space comprises nearly 30% of the portfolio and serves as a key component of its income profile, benefiting from one of Indianapolis' most active retail and entertainment corridors.

Positioned within Indianapolis' oldest historic neighborhood and surrounded by premier dining, entertainment, and cultural destinations, The Lockerbie Collection combines irreplaceable historic assets with institutional-scale redevelopment potential. The portfolio represents a rare opportunity to invest in a high-quality mixed-use asset with durable income, strategic land holdings, and long-term value creation in one of the city's most sought-after urban locations.

Available

Contacts

Location

Located at 333 N Alabama St, Indianapolis, IN 46204, this property is part of the Chatham Arch and Mass Avenue neighborhood and Indianapolis market.

Contact Lockerbie Collection
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