517-521 E Walnut St - Storefront Retail/Office FOR SALE


Indianapolis, IN 46202- Chatham Arch
$2,500,000 USD
317-281-2514
517-521 E Walnut St, Indianapolis, IN for Sale
$2,500,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | Request Cap Rate

517-521 E Walnut St
Indianapolis, IN 46202
Chatham Arch


HIGHLIGHTS

  • Prime Downtown Location: Situated just steps from Massachusetts Avenue, the property benefits from exceptional visibility
  • Flexible Multi-Level Layout: The approximately 9,000 square feet across two floors and a full basement provides adaptability for retail, or showroom
  • C4 Zoning for Diverse Uses: Broad permitted use options make this property ideal for operators seeking retail, hospitality, office, or healthcare
  • Rooftop Expansion Potential: The building’s structure supports the possibility of a rooftop addition, offering panoramic skyline views
  • Dynamic Growth Area: Located in Chatham Arch, one of Indianapolis’ most rapidly developing neighborhoods, surrounded by restaurants, and boutiques

OVERVIEW

"Prime Commercial Property off Mass Ave in Indianapolis’ Chatham Arch Neighborhood Located just off Massachusetts Avenue, this versatile two-story commercial property with a full basement offers approximately 9,000 square feet of highly adaptable space. Positioned in the heart of the vibrant Chatham Arch neighborhood, the building sits within one of Indianapolis’ most active and desirable commercial corridors—an area defined by strong foot traffic, redevelopment, and a dynamic mix of restaurants, retail, and cultural venues. Currently operating as a furniture and home store, the property’s C4 zoning supports a wide variety of potential uses, including retail, office, healthcare, personal services, and food and beverage establishments. Additionally, the property offers the potential for a rooftop addition, allowing for spectacular city skyline views and the opportunity to create a truly distinctive space."

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C-4

APN/PARCEL ID

49-11-01-168-013.000-101

ASK ABOUT THIS PROPERTY

Robert ButcherKW Commercial - G2 Real Estate GroupMore Info
317-281-2514

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Robert ButcherKW Commercial - G2 Real Estate GroupMore Info
317-281-2514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.