517 E Walnut St, Indianapolis

Market Price

517 East Walnut Street, Indianapolis, IN 46202

For Lease

Retail

Active

Last Updated: 07/09/2025

Details:

Building Size: 8,000 sqft

Lot Area: 0.08 acres

Year Built: 1900

Zoning: C-4

Floors: 3

Offered by Broker

Robert Butcher

Director, Commercial Broker

Keller Williams

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Description:

**Prime Commercial Property off of Mass Ave. in Indianapolis’ Chatham Arch Neighborhood**

Located just off Massachusetts Avenue, this versatile 2-story building with a full basement offers approximately 8,000 square feet of flexible space. The property is situated in the vibrant Chatham Arch Neighborhood, an area experiencing significant growth and development, particularly along the Massachusetts Avenue corridor, which is renowned for its entertainment, business, and cultural amenities.

Zoned C4 and currently operating as a furniture and home store, the property supports a wide range of uses, including Community, Healthcare, Business(Office), Home, Personal Services, Food & Beverage, and Retail Sales. An added feature is the potential for a rooftop addition, offering spectacular views of the Indianapolis skyline, ideal for creating a landmark or unique space.

With its prime location on a bustling corridor and its adaptable layout, this property presents a compelling opportunity for investors or operators looking to establish a presence in one of Indianapolis’ most dynamic neighborhoods.

Prime Downtown Location
Open Layout
Possible Rooftop Addition