The English Foundation Building

Off-Market

615 North Alabama Street, Indianapolis, IN 46204

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

  • Property Type Office - General Office
  • Property Size 54,030 SF
  • Lot Size 1.92 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1953

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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Brokers

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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 ®

    97/100 Walker's Paradise
  • Transit Score ®

    62/100 Good Transit
  • Bike Score ®

    98/100 Biker's Paradise
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood St. Joseph
  • Zip Code 46204
  • Market Indianapolis

Points of Interest

  • Canal

    0.83 miles

  • Indianapolis Union Station

    1.03 miles

  • Methodist

    1.06 miles

  • Indiana University/Riley

    1.32 miles

  • Marathon

    0.16 miles

  • Tesla Supercharger

    0.89 miles

  • Marathon

    1.15 miles

  • Marathon

    1.25 miles

  • Speedway

    1.26 miles

  • Speedway

    1.34 miles

  • Phillips 66

    1.50 miles

  • Phillips 66

    1.51 miles

  • Clark

    1.51 miles

  • Phillips 66

    1.68 miles

  • 429 Penn Parking

    0.23 miles

  • Pulliam Garage

    0.30 miles

  • The Savoy

    0.44 miles

  • 301 North Illinois Street

    0.48 miles

  • Market District Garage

    0.53 miles

  • Indy Flats Residential Parking

    0.54 miles

  • Circle City Residential Parking

    0.59 miles

  • Virginia Avenue Garage

    0.78 miles

  • Parking Lot 73

    0.85 miles

  • Plaza Garage

    0.88 miles

  • Nestle Inn

    0.20 miles

  • Hilton Garden Inn Indianapolis Downtown

    0.56 miles

  • Sheraton Indianapolis City Centre Hotel

    0.57 miles

  • Hilton Indianapolis Hotel & Suites

    0.67 miles

  • Courtyard Indianapolis at the Capitol

    0.69 miles

  • Conrad Indianapolis

    0.71 miles

  • Residence Inn Indianapolis Downtown on the Canal

    0.74 miles

  • Embassy Suites by Hilton Indianapolis - Downtown

    0.74 miles

  • Oakwood at Canal Square

    0.80 miles

  • Hampton Inn Indianapolis Downtown Across from Circle Centre

    0.80 miles

  • LouVino Indianapolis Mass Ave Restaurant & Wine Bar

    0.15 miles

  • Condado Tacos

    0.16 miles

  • Saffron Cafe

    0.16 miles

  • Union 50

    0.17 miles

  • Salt on Mass

    0.17 miles

  • Goodfellas Mass Ave

    0.17 miles

  • Nine Irish Brothers

    0.18 miles

  • Subway

    0.18 miles

  • Fat Dan's Deli

    0.19 miles

  • Pizzology

    0.19 miles

  • Center For Inquiry School #2

    0.13 miles

  • Saint Marys School

    0.31 miles

  • Saint Agnes Academy

    0.72 miles

  • IT Building

    0.87 miles

  • Saint Bridgets School

    0.90 miles

  • Saint Johns Academy

    0.93 miles

  • Washington Irving School 14

    0.94 miles

  • Herron High School

    0.95 miles

  • Roberts School Apartments

    0.98 miles

  • LD Building

    1.01 miles

  • St. Mary's Child Center

    0.87 miles

  • Kiddie Kollege

    2.20 miles

  • Sunrise Christian Academy Daycare and Preschool

    2.72 miles

  • Charity Church Child Care Center

    2.83 miles

  • Divine Blessings Childcare Ministry

    2.90 miles

  • Stepping Stones

    2.95 miles

  • Day Early Learning Lilly Family Center

    3.04 miles

  • God's Angels Childcare

    3.08 miles

  • Decision Childcare Ministries

    3.35 miles

  • Reach to Teach Daycare

    3.40 miles

Frequently Asked Questions

What is the total square footage of The English Foundation Building?

The English Foundation Building totals 54,030 square feet.

When was this property built?

The English Foundation Building was built in 1953.

What is the market value for The English Foundation Building?

The market value* for The English Foundation Building in 2022 was $3,434,000.
*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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