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Highlights

  • Close to down town Indianapolis
  • Across from Woodruff Place and adjacent to Arsenal Tech.

All Available Spaces(3)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor, Ste 1703
  • 954 SF
  • 2-4 Years
  • $15.00 /SF/YR $1.25 /SF/MO $14,310 /YR $1,193 /MO
  • Retail
  • Partial Build-Out
  • Now
  • Listed rate may not include certain utilities, building services and property expenses
  • Private Restrooms
  • Central Air and Heating
  • High Ceilings
  • 1st Floor, Ste 1709
  • 1,345 SF
  • 2-4 Years
  • $15.00 /SF/YR $1.25 /SF/MO $20,175 /YR $1,681 /MO
  • Retail
  • -
  • Now
  • Listed rate may not include certain utilities, building services and property expenses
  • 1st Floor, Ste 1711
  • 1,017 SF
  • 2-4 Years
  • $15.00 /SF/YR $1.25 /SF/MO $15,255 /YR $1,271 /MO
  • Retail
  • -
  • Now
  • Listed rate may not include certain utilities, building services and property expenses
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 1703 954 SF 2-4 Years $15.00 /SF/YR $1.25 /SF/MO $14,310 /YR $1,193 /MO Retail Partial Build-Out Now
1st Floor, Ste 1709 1,345 SF 2-4 Years $15.00 /SF/YR $1.25 /SF/MO $20,175 /YR $1,681 /MO Retail - Now
1st Floor, Ste 1711 1,017 SF 2-4 Years $15.00 /SF/YR $1.25 /SF/MO $15,255 /YR $1,271 /MO Retail - Now

1st Floor, Ste 1703

Size
954 SF
Term
2-4 Years
Rental Rate
$15.00 /SF/YR $1.25 /SF/MO $14,310 /YR $1,193 /MO
Space Use
Retail
Condition
Partial Build-Out
Available
Now

1st Floor, Ste 1709

Size
1,345 SF
Term
2-4 Years
Rental Rate
$15.00 /SF/YR $1.25 /SF/MO $20,175 /YR $1,681 /MO
Space Use
Retail
Condition
-
Available
Now

1st Floor, Ste 1711

Size
1,017 SF
Term
2-4 Years
Rental Rate
$15.00 /SF/YR $1.25 /SF/MO $15,255 /YR $1,271 /MO
Space Use
Retail
Condition
-
Available
Now

1st Floor, Ste 1703

Size 954 SF
Term 2-4 Years
Rental Rate $15.00 /SF/YR
Space Use Retail
Condition Partial Build-Out
Available Now

  • Listed rate may not include certain utilities, building services and property expenses
  • Central Air and Heating
  • Private Restrooms
  • High Ceilings

1st Floor, Ste 1709

Size 1,345 SF
Term 2-4 Years
Rental Rate $15.00 /SF/YR
Space Use Retail
Condition -
Available Now

  • Listed rate may not include certain utilities, building services and property expenses

1st Floor, Ste 1711

Size 1,017 SF
Term 2-4 Years
Rental Rate $15.00 /SF/YR
Space Use Retail
Condition -
Available Now

  • Listed rate may not include certain utilities, building services and property expenses

Property Facts

Total Space Available 3,316 SF
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Size 23,810 SF
Year Built 1915

About the Property

The Ely at 1701 E Michigan St is a historic mixed-use building offering updated residential units above activated street-level commercial space in Indianapolis’ Near Eastside. Property overview Prominent corner building at Michigan St and State Ave in the Near Eastside neighborhood, minutes from downtown and the I-70/I-65 inner loop. Approximate building size of 23,800 square feet on a compact urban lot, originally constructed in 1915 and adapted for contemporary use. Mixed-use concept Street-level suites are designed for neighborhood-serving retail, office, or studio users that benefit from built-in residential traffic and strong corner exposure. Upper floors contain apartment homes, creating an on-site customer base and supporting extended hours of activity around the property. The configuration supports a live-work-play environment that aligns with ongoing revitalization along East Michigan and the broader Near Eastside corridor.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100

Nearby Major Retailers

StorageMart
[solidcore]
Bank of America
Yoga Six
Stretchlab
nature's table
barre3
F45 Training
  • Listing ID: 39389785

  • Date on Market: 2/10/2026

  • Last Updated:

  • Address: 1701 E Michigan St, Indianapolis, IN 46201

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