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427 S Illinois St

Downtown Indianapolis, Indianapolis, IN
Total Size
10,797 sqft
Zoning
Year Constructed
0
Year Renovated
0
Building Class

About 427 S Illinois St

Ideal for a variety of uses from processing/warehousing to unique office space. Available 12/1/2014.

Property Features

10,797 SF - recently renovated Fully air-conditioned and heated. Currently being used as a mail center for a Fortune 500 company. Two dock doors and two drive-in doors Minimum 15' 6 clear height Approximately 16 parking spaces, plus area in front of docks Offered at $8.25/SF NNN

Building Specifications

HVAC: Four 7.5 Ton AC Units with 140,000 BTU Heating Units Roof: APP 160 Firestone Roof System still under warranty Electrical: 400 Amp, 3 phase, 42 circuits plus extra added 60 Amp circuits Lighting: Metal Halogen to 66 foot candles per square foot Sprinkler: .20/SF + 250 GPM

Extremely well-located, just one block East of Lucas Oil Stadium. At the corner of the Eli Lilly and Rolls Royce campuses. Within walking distance of the CBD. Easy accessibility to I-65 and I-70.

Internet Providers for 427 S Illinois St

Provider Technology Max Download Speed Max Upload Speed
Indiana Fiber Network, LLC Fiber
10 Gb/s
50 Mb/s
Zayo Enterprise Networks Fiber
10 Gb/s
10 Gb/s
Lightbound, LLC Fiber
1 Gb/s
1 Gb/s
Brighthouse Networks Cable
100 Mb/s
6 Mb/s
AT&T Indiana DSL
25 Mb/s
1.5 Mb/s
MegaPath Corporation DSL
25 Mb/s
25 Mb/s
On-Ramp Indiana, Inc. DSL
6 Mb/s
1.5 Mb/s

The Neighborhood: Downtown Indianapolis

On average, listings lease in the $20's per square foot per year. The Downtown Indianapolis submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Downtown Indianapolis $26
/sqft/yr
3,950
sqft
Median Rate Median Size
Indianapolis $22
/sqft/yr
3,400
sqft

Median Rate over Time in Downtown Indianapolis