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Property Details
- Property Type Office - General Office
- Property Size 183,095 SF
- Lot Size 4.83 SF
- Year Renovated 2018
- Date Updated Nov 12, 2026
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
Reach out to the broker for more info on lease terms and amenities
Getting around
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98/100
Walk Score ®
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65/100
Transit Score ®
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98/100
Bike Score ®
Location
- City Indianapolis, IN
- Neighborhood Chatham Arch and Mass Avenue
- Zip Code 46204
- Market Indianapolis
Points of Interest
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Marathon
0.12 miles
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BP
0.24 miles
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ChargePoint
0.46 miles
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Tesla Supercharger
0.68 miles
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Speedway
1.14 miles
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Phillips 66
1.42 miles
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GoLo
1.42 miles
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Tesla Destination Charger
1.93 miles
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Electrify America
6.14 miles
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Pulliam Garage
0.15 miles
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429 Penn Parking
0.17 miles
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Market District Garage
0.27 miles
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301 North Illinois Street
0.37 miles
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City Park
0.38 miles
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The Savoy
0.39 miles
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Virginia Avenue Garage
0.51 miles
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North Capitol Surface Lot
0.57 miles
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Cityway North Car Park
0.64 miles
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Senate Avenue Parking Facility
0.65 miles
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Home2 Suites
0.30 miles
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Hilton Garden Inn Indianapolis Downtown
0.35 miles
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Nestle Inn
0.35 miles
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Sheraton Indianapolis City Centre Hotel
0.40 miles
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Atlas Hotel
0.40 miles
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La Quinta Inn & Suites
0.41 miles
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Hotel Indy, Indianapolis, A Tribute Portfolio Hotel
0.41 miles
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Conrad Indianapolis
0.51 miles
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Hilton Indianapolis Hotel & Suites
0.51 miles
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Embassy Suites by Hilton Indianapolis - Downtown
0.55 miles
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Needler's Fresh Market
0.02 miles
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Dollar General Market
0.19 miles
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Whole Foods Market
0.25 miles
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TJ Maxx
0.51 miles
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Carson's
0.51 miles
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Kroger
0.57 miles
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Circle Center Mall
0.58 miles
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Angelo's Food Market
0.68 miles
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Teacher's Treasures
1.44 miles
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Village Pantry
1.54 miles