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176 S Main St 2,880 SF Retail Building Zionsville, IN 46077 For Sale



Investment Highlights
- Located on Zionsville's iconic brick-paved Main Street.
- Positioned within the downtown DORA district.
- Walkable location near restaurants, shops, and community events.
- Existing lease provides income through June 2027.
- Character-rich building without historic designation restrictions.
- Rare ownership opportunity in downtown Zionsville.
Executive Summary
Located along Zionsville’s iconic brick-paved Main Street, 176 S Main Street presents a rare opportunity to acquire a well-positioned commercial asset in one of Central Indiana’s most established and affluent suburban business districts. The property is currently occupied by a long-standing floral retailer with a lease in place through June 2027, providing immediate income while allowing a future owner time to evaluate long-term occupancy, redevelopment, or investment strategies.
The building offers a functional layout that includes two restrooms, utility space, front and rear access, and a well-maintained interior with no known deferred maintenance noted in the marketing materials. Its character-rich presence complements the historic streetscape while benefiting from the flexibility of not being designated as a historic structure, allowing greater freedom for future improvements or modernization.
Positioned in the heart of downtown Zionsville, the property is surrounded by locally owned restaurants, boutiques, community gathering spaces, and year-round events that contribute to consistent pedestrian activity. The location also benefits from proximity to affluent residential neighborhoods and significant residential development throughout the Zionsville and northwest Indianapolis market. Zionsville's highly educated and high-income population base supports a strong environment for retail, service, office, and specialty commercial users.
For investors, the existing tenancy provides current cash flow. For future owner-users, the lease term creates a valuable planning horizon while preserving the opportunity to secure a highly visible Main Street presence in a market where commercial ownership opportunities are infrequently available.
The building offers a functional layout that includes two restrooms, utility space, front and rear access, and a well-maintained interior with no known deferred maintenance noted in the marketing materials. Its character-rich presence complements the historic streetscape while benefiting from the flexibility of not being designated as a historic structure, allowing greater freedom for future improvements or modernization.
Positioned in the heart of downtown Zionsville, the property is surrounded by locally owned restaurants, boutiques, community gathering spaces, and year-round events that contribute to consistent pedestrian activity. The location also benefits from proximity to affluent residential neighborhoods and significant residential development throughout the Zionsville and northwest Indianapolis market. Zionsville's highly educated and high-income population base supports a strong environment for retail, service, office, and specialty commercial users.
For investors, the existing tenancy provides current cash flow. For future owner-users, the lease term creates a valuable planning horizon while preserving the opportunity to secure a highly visible Main Street presence in a market where commercial ownership opportunities are infrequently available.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,880 SF
Building Class
C
Year Built/Renovated
1981/2016
Tenancy
Single
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.04 AC
Zoning
B-3 - Urban Outdoor Business District
Parking
2 Spaces (0.69 Spaces per 1,000 SF Leased)
Frontage
15’ on Main Street
Amenities
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-04-02-002-010.071-006 | Improvements Assessment | $360,700 |
| Land Assessment | $56,700 | Total Assessment | $417,400 |
Property Taxes
Parcel Number
06-04-02-002-010.071-006
Land Assessment
$56,700
Improvements Assessment
$360,700
Total Assessment
$417,400
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