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Lockerbie Square

Lockerbie Square

$556,079 Average Value
$276 Average Price per Sq Ft
14 Homes For Sale

Lockerbie Square’s history feels worlds away from downtown buzz

Lockerbie Square feels like a step back in time in the heart of Indianapolis. The neighborhood’s vintage lampposts, cobblestone streets and restored 19th-century houses stand in contrast to the buzz of nearby Massachusetts Avenue, the heart of Indy’s nightlife scene just a few blocks away. You can walk or bike to some of the city’s best restaurants, bars, music venues, and entertainment districts and come home to a quiet, residential atmosphere.

Lockerbie Square is Indianapolis’ early residential enclave, protected as a historic district.
Lockerbie Square is Indianapolis’ early residential enclave, protected as a historic district.
Lockerbie Square hugs the eastern edge of downtown’s Mile Square, pairing quiet residential blocks with quick walk-or-bike access to Mass Ave’s dining and entertainment options.
Lockerbie Square hugs the eastern edge of downtown’s Mile Square, pairing quiet residential blocks with quick walk-or-bike access to Mass Ave’s dining and entertainment options.
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Housing styles range from historic Victorians to modern builds

Lockerbie Square is the oldest residential neighborhood in Indianapolis and has housing styles that span across centuries. There’s a mix of cottages, Italianate, Federal and Victorian homes, as well as modern 21st-century builds. “Lockerbie Square has some of the only still existing cobblestone streets, so that is super charming,” says Jess Martin, a downtown Indy resident and co-founder and broker at Maywright Property Co. “It probably has the oldest homes within the downtown area. And a lot of them are quite a bit larger, so think older, more stately homes.” Detached garages and driveways hide behind many homes, but residents can also get free permits from the city to park on the street. While the neighborhood is in the urban core, towering trees help block out some of the noise. Single-family homes are standard here, but there’s also a sizable collection of townhouses and condos, such as the industrial Glove Factory. “That’s a large building that was turned into condos,” Martin says. “Everything else there is historic, large single family homes.” As a historic district, any exterior changes require approval from the Indianapolis Historic Preservation Commission.

In Lockerbie Square’s historic district, larger historic houses sit among restored 19th-century homes on quiet, tree-lined blocks near downtown.
In Lockerbie Square’s historic district, larger historic houses sit among restored 19th-century homes on quiet, tree-lined blocks near downtown.
Lockerbie Square homes range from cottages to larger historic houses with room to spread out.
Lockerbie Square homes range from cottages to larger historic houses with room to spread out.
Modern 21st-century builds appear alongside historic homes in Lockerbie Square.
Modern 21st-century builds appear alongside historic homes in Lockerbie Square.
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What housing costs in Lockerbie Square

There’s a broad range of prices in Lockerbie Square, with some small cottages and condos starting in the mid-$200,000s and reaching up to the high $400,000s. Large single-family homes and renovated condos start in the mid-$400,000s and can cost up to the high $800,000s. Historic estates, new builds and luxury condominiums can range from the low $800,000s and top $1 million.

Brick facades are common in Lockerbie Square, where exterior changes need approval.
Brick facades are common in Lockerbie Square, where exterior changes need approval.
Townhouses and condo conversions add variety to Lockerbie Square’s mostly single-family streets.
Townhouses and condo conversions add variety to Lockerbie Square’s mostly single-family streets.
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Mass Ave and Bottleworks District have food, drinks and entertainment

Massachusetts Avenue is the city’s thriving social hub and just a quick walk or bike ride away. The strip is packed with bars, restaurants, shops and music venues, all within a five-minute walk of most homes. Mass Ave is home to Indy institutions like The Rathskeller, a legendary German restaurant with an indoor/outdoor beer hall and live music. You’re also close to the new Bottleworks District, a hip destination in a former Coca-Cola bottling factory with shops, a massive food hall, and entertainment at Pins Mechanical Co. Other local favorites include:

  • Vida, an AAA Four Diamond award winner serving up elevated American fare
  • The Great Divide, a quirky dive bar
  • Easley Winery, which hosts events like a free outdoor music series
  • The Whispering Shelf, a cozy neighborhood bookstore
  • St. Joseph Brewery, which serves up craft beer in a historic church

The Rathskeller serves German cuisine, and is a favorite among Lockerbie Square residents.
The Rathskeller serves German cuisine, and is a favorite among Lockerbie Square residents.
The Garage Food Hall anchors Bottleworks District with a lineup of local vendors.
The Garage Food Hall anchors Bottleworks District with a lineup of local vendors.
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Locktoberfest honors German roots with a lively block party

Lockerbie Square’s Fourth of July celebration features a parade and a picnic at the Riley Home. In October, the neighborhood celebrates its German heritage with the Locktoberfest block party. You can also catch a Pacers game at Gainbridge Fieldhouse or watch the Colts at Lucas Oil Stadium, all without the hassle of paying to park. The Athenaeum building — home of the Rathskeller — has events like the annual Athenaeum Christkindlmarkt, a traditional German market in the historic biergarten.

Athenaeum Christkindlmarkt fills the Rathskeller Biergarten with a holiday market.
Athenaeum Christkindlmarkt fills the Rathskeller Biergarten with a holiday market.
Vendor huts, German food, and live entertainment define Athenaeum Christkindlmarkt on Mass Ave.
Vendor huts, German food, and live entertainment define Athenaeum Christkindlmarkt on Mass Ave.
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Cultural attractions, music venues and things to do near downtown Indy

While there’s no public park in the neighborhood, the tree-lined streets serve as an urban oasis just a few steps from the hubbub of downtown Indy. The James Whitcomb Riley Museum Home invites visitors to explore the Italianate abode of the famous Hoosier poet, and the museum hosts concerts in the summer. A few blocks away, Highland Park has views of the city skyline and a playground. Joggers and bikers can hop on the Indianapolis Cultural Trail, a roughly 10-mile shared-use path that connects Indy’s cultural districts. Residents are a short walk from live music and performances at major venues like the Old National Centre and Chatterbox Jazz Club, which has live music every night.

James Whitcomb Riley Museum Home preserves the poet’s Italianate residence in Lockerbie Square.
James Whitcomb Riley Museum Home preserves the poet’s Italianate residence in Lockerbie Square.
Indianapolis Cultural Trail links downtown districts with miles of paths for walks and runs.
Indianapolis Cultural Trail links downtown districts with miles of paths for walks and runs.
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Walk, bike or ride IndyGo buses for easy neighborhood travel

Lockerbie Square is highly walkable and bikeable, but there’s also IndyGo bus stops scattered around the neighborhood. Drivers have easy access to Interstates 70 and 65. Medical care is just a couple miles away at Sidney and Lois Eskenazi Hospital and Riley Hospital for Children.

Biking is a frequent way to get from Lockerbie Square to Mass Ave restaurants and venues.
Biking is a frequent way to get from Lockerbie Square to Mass Ave restaurants and venues.
Rentable scooters are common around downtown Indianapolis for short hops between districts.
Rentable scooters are common around downtown Indianapolis for short hops between districts.
Pedego Electric Bikes offers both sales of bikes and rentals for daytime excursions.
Pedego Electric Bikes offers both sales of bikes and rentals for daytime excursions.
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Nearby public, private and charter school options

Families can choose from several public, private and charter school options nearby. Indianapolis Public Schools offers open choice and a lottery program for magnet schools and specialized programs. Kids in kindergarten through eighth grade can go to Center for Inquiry at School No. 2, an IPS magnet school within walking distance of most homes. Herron High School, a celebrated public charter school known for its arts programming, is less than 2 miles from the neighborhood. A couple miles south, Lumen Christi Catholic School is a private option for kids in pre-kindergarten through 12th grade.

Herron High School is a public charter option known for arts programming near Lockerbie Square.
Herron High School is a public charter option known for arts programming near Lockerbie Square.
Center for Inquiry at School No. 2 is an IPS magnet within walking distance of many Lockerbie Square homes.
Center for Inquiry at School No. 2 is an IPS magnet within walking distance of many Lockerbie Square homes.
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Leslie Klosterman
Written By
Leslie Klosterman
Kyle Baird
Photography Contributed By
Kyle Baird
Mark Barakat
Video By
Mark Barakat

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Indianapolis International

27 min drive

Bus

College Ave & New York St

Bus

Michigan St & Spring St

Bus

East St & Michigan St

Bus

College Ave & Michigan St

Bus

East St & New York St

Bus

East St & Vermont St

Reviews

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Crime and Safety

1 - Low Crime, 10 - High Crime Lockerbie Square US
Homicide 8 4
Sexual Assault 8 4
Assault with Weapon 7 4
Robbery 6 4
Burglary 9 4
Motor Vehicle Theft 9 4
Larceny 8 4
Crime Score 6 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
395
Number of Homes for Sale
14
Median Year Built
1983
Months of Supply
4.80
Average Single Family Home Size Sq Ft
2,243
Above the national average
1,930
Average Townhouse Size Sq Ft
2,705
Average 2 Bedroom Size Sq Ft
1,562
Average 1 Bedroom Size Sq Ft
1,515
Median Lot Size Sq Ft
2,178

Open Houses

  • Sunday, Mar 15
    12 - 2pm

    430 N Park Ave Unit 101, Indianapolis, IN 46202

    $315,000

    • 1 Bed
    • 1 Bath
    • 1,037 Sq Ft
    • 430 N Park Ave
    • Unit 101
    • New 16 days ago

    Convenient first-floor, one-bedroom condo blending original character with contemporary finishes. Completely renovated kitchen with quartz counters, solid wood floors throughout, and an open, light-filled living room featuring a wall of windows. There is a perfect spot ideal for a home office or reading nook. The primary bedroom showcases an exposed brick accent wall and dramatic floor-to-ceiling

    Tina Smith CENTURY 21 Scheetz

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
1,928
Median Age
39
Population Density
24 ppl/acre
Population under 18
10.9%
Below the national average
23.8%
Population over 65
15.4%
On par with the national average
19.1%

Finances

Median Household Income
$88,020
Above the national average
$79,601
Average Household Income
$128,572

Education and Workforce

High School Graduates
82.4%
College Graduates
52.1%
Above the national average
34.1%
Advanced Degrees
19.6%
% Population in Labor Force
56.8%
Below the national average
64.9%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
22°F
Average Summer High Temperature
85°F
Annual Snowfall
13''

Area Factors

Exceptionally friendly

Bike Score®

90 / 100

Exceptionally friendly

Walk Score®

90 / 100

Fairly friendly

Transit Score®

50 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Lockerbie Square