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56Units
6Stories
1949Year Built
$248K - $675KValue Range
Available Units
For Sale
For Rent
No Units Available
Highlights
Fitness Center
Rooftop Deck
Gated Community
Balcony
24 Hour Access
3 min walk to Indianapolis Cultural Trail
Mid-century charm meets urban convenience in downtown Indianapolis
Lockerbie Terrace, a 6-story condominium building completed in 1949, stands as a testament to enduring design in the heart of Indianapolis. With 56 units, this residential gem offers a blend of historic character and modern living. Situated in the vibrant Market East neighborhood, Lockerbie Terrace provides residents with easy access to the city's cultural and commercial offerings. The building's curved facade and large windows create an inviting presence, while its location just blocks from Monument Circle puts residents at the center of Indianapolis' urban core.
Spacious layouts with contemporary touches and city views
Lockerbie Terrace offers a range of floor plans to suit various lifestyles, from cozy one-bedroom units to expansive three-bedroom homes. The smallest units start at 999 square feet, while the largest stretch to an impressive 2,502 square feet. One-bedroom units feature one bathroom and range up to 1,700 square feet, providing ample space for singles or couples. Two-bedroom units, which make up a significant portion of the building, span from 1,189 to 2,502 square feet and include one to two and a half bathrooms. These units are priced around $350,000, offering excellent value for the location and size. For those requiring more space, three-bedroom units range from 1,860 to 2,502 square feet with two to three bathrooms, and are priced around $580,000.
Many units boast features that elevate the living experience. Hardwood floors add warmth and character, while stainless steel appliances bring a modern touch to kitchens. Some units have been updated with granite countertops and subway tile backsplashes, blending contemporary style with the building's mid-century roots. Large windows flood the spaces with natural light and offer views of the downtown skyline or the charming Lockerbie neighborhood. Private balconies in select units provide outdoor space for relaxation or entertaining. Walk-in closets and in-unit laundry facilities add convenience to daily life. Some units feature smart home technology, including Lutron automated blinds and networked ethernet jacks, catering to tech-savvy residents.
Monthly HOA fees range from $400 to $1,000, covering a comprehensive list of services and amenities. These include building insurance, exterior maintenance, lawn care, and access to shared facilities like the fitness center and rooftop terrace. The association also manages the building's private entrance and provides professional management services, ensuring a well-maintained and secure living environment for all residents.
Thoughtful amenities for a comfortable urban lifestyle
Lockerbie Terrace offers a selection of amenities designed to enhance the comfort and convenience of city living. The building's fitness center allows residents to maintain their workout routines without leaving home, featuring modern exercise equipment for cardio and strength training. For those who prefer outdoor relaxation, the rooftop terrace provides a shared space to unwind and take in panoramic views of the Indianapolis skyline.
The building's opulent lobby sets the tone for the entire property, welcoming residents and guests with its elegant design and comfortable seating areas. This space serves as more than just an entrance; it's a gathering spot for neighbors and a transition between the bustling city streets and the private residences above.
Security is a priority at Lockerbie Terrace, with features such as a gated parking lot ensuring peace of mind for residents and their vehicles. The building also offers heated parking spaces, a valuable amenity during Indianapolis winters. For those who appreciate architectural details, the raised ceilings in many units create an open, airy feel that complements the building's mid-century design.
Additional amenities include central air conditioning throughout the building, ensuring comfort year-round. The presence of an elevator makes accessing all floors convenient for residents and guests alike. In-unit features like microwaves, refrigerators, and ovens come standard in most apartments, simplifying the move-in process for new residents.
Lockerbie Terrace's commitment to modern living is evident in its 24-hour access policy, allowing residents to come and go as they please, accommodating various lifestyles and work schedules. The combination of these amenities creates a living environment that balances the excitement of downtown living with the comforts of home.
A cultural hub with historic charm and modern conveniences
Lockerbie Terrace sits in the heart of the Market East neighborhood, an area that seamlessly blends historic significance with contemporary urban living. This vibrant district, established as an official cultural center in 2014, has roots dating back to the 1800s and continues to play a vital role in Indianapolis' commerce and culture.
At the neighborhood's core is the iconic City Market, a registered historic landmark established in 1821. Currently undergoing a $200 million redevelopment, the market has long been a cornerstone of community life, connecting local farmers with urban residents. The redevelopment project, set to be completed in 2026, will add an 11-story tower, 400 housing units, and upgraded public spaces, further enhancing the area's appeal.
For daily necessities and gourmet treats, residents have easy access to both Whole Foods and Needler's Fresh Market, both just a short five-minute walk from Lockerbie Terrace. These nearby grocery options ensure that residents can easily stock their kitchens with both everyday essentials and specialty items.
The neighborhood boasts an array of dining options to suit every palate. Just a stone's throw away, Shake Shack offers gourmet takes on classic fast food, perfect for a quick bite. For those seeking a more upscale dining experience, The Great Divide, a quirky family-owned tavern, serves creative American pub grub and hosts biweekly piano music, all within a 10-minute walk from the building.
Shopping enthusiasts will appreciate the proximity to Circle Centre Mall, a multi-level shopping center featuring nationally known retailers, a food court, and a movie theater, all within a 15-minute walk. For those looking for brand-name clothing at discount prices, T.J. Maxx is also just a short 15-minute stroll away.
Outdoor recreation is readily available, with the Indianapolis Cultural Trail passing near Lockerbie Terrace. This wide pedestrian pathway connects the neighborhood to landmarks throughout downtown Indianapolis, offering an excellent route for walking, jogging, or cycling. University Park, a green oasis in the urban landscape, is just a 10-minute walk away, providing a perfect spot for picnics or quiet contemplation.
The neighborhood's cultural offerings extend beyond shopping and dining. The Mass Ave Arts District, known for its theaters, galleries, and public art installations, is within easy walking distance, offering a constant stream of artistic experiences and events.
For sports enthusiasts, Lockerbie Terrace's location puts residents within easy reach of major sporting venues. Both Lucas Oil Stadium, home of the Indianapolis Colts, and Gainbridge Fieldhouse, where the Indiana Pacers play, are about a mile away, making game days an exciting and accessible event for residents.
The Market East neighborhood truly offers a perfect blend of historic charm, cultural richness, and modern urban amenities, making Lockerbie Terrace an ideal home for those seeking to immerse themselves in the best of downtown Indianapolis living.
Effortless connectivity in a highly walkable urban core
Lockerbie Terrace's location in the Market East neighborhood provides residents with excellent transportation options, catering to various preferences and needs. The area's high walkability is one of its standout features, with most daily errands and activities easily accomplished on foot.
For those who rely on public transit, several bus stops are conveniently located within a short walk from the building. The New York St & New Jersey St stop, less than a minute's walk away, serves the Michigan Street line. Just a five-minute walk in any direction leads to additional bus stops with multiple lines, including the East 16th St, East 21st St, and 10th Street routes. This network of bus lines ensures easy access to other parts of the city for work or leisure.
Cycling enthusiasts will find the area particularly accommodating, with the Indianapolis Cultural Trail providing a safe and pleasant route for bikes. The trail runs along Alabama Street and East Washington Street, connecting Market East to other downtown landmarks and neighborhoods. Bike share stations along the trail offer a convenient option for those who don't own a bicycle.
For residents who prefer to drive, Lockerbie Terrace's location provides easy access to major roads. The building's gated parking lot and heated parking spaces offer secure and comfortable options for vehicle storage. When venturing further afield, Indianapolis International Airport is about a 30-minute drive away, making air travel convenient for residents.
The Julia Carson Transit Center, the city's main hub for public transportation, is located within the Market East district. This centralized location allows for easy connections to various bus routes and potential future transit developments.
The neighborhood's layout and infrastructure support multiple modes of transportation, allowing residents to choose the method that best suits their lifestyle and needs. Whether walking to nearby attractions, cycling along the Cultural Trail, taking a bus to work, or driving to destinations further afield, Lockerbie Terrace's location ensures that getting around the city is straightforward and efficient.
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Quantarium
Current List Price
Sold Price
Area Factors
High Crime
Crime Score®
10/ 10
Biker's Paradise
Bike Score®
97/ 100
Walker's Paradise
Walk Score®
96/ 100
Good Transit
Transit Score®
65/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Indianapolis Cultural Trail
3 min walk
University Park
7 min walk
Highland Park
14 min walk
Highland Park Playground
14 min walk
Shawn Grove Park
2 min drive
Picnic Area
Playground
Cottage Home Community Park
3 min drive
Picnic Area
Trails
Events
Colts Canal Playspace
3 min drive
Playground
Multi-Purpose Field
Walking Paths
Edna Balz Lacy Park
3 min drive
Great Oak Commons
3 min drive
Picnic Area
Trails
Multi-Purpose Field
Schools
Source:
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