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517-521 E Walnut St 9,400 SF Retail Building Indianapolis, IN 46202 $2,500,000 ($265.96/SF)
INVESTMENT HIGHLIGHTS
- Prime Downtown Location
- Possible Rooftop Addition
- Open Layout
EXECUTIVE SUMMARY
Located just off Massachusetts Avenue in Indianapolis’ thriving Chatham Arch neighborhood, this versatile 2-story building with a full basement offers exceptional flexibility for a variety of uses. Zoned C4, it can accommodate office, retail, food & beverage, personal services, and healthcare. The property also offers potential for a rooftop addition with spectacular skyline views, making it an ideal opportunity for investors or operators seeking a high-visibility location in one of the city’s most dynamic districts.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,400 SF
Building Class
C
Year Built
1900
Price
$2,500,000
Price Per SF
$265.96
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
2.70
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-4 - Commercial
Frontage
71’ on E Walnut St
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 49-11-01-168-013.000-101 | Improvements Assessment | $556,300 |
| Land Assessment | $37,600 | Total Assessment | $593,900 |
PROPERTY TAXES
Parcel Number
49-11-01-168-013.000-101
Land Assessment
$37,600
Improvements Assessment
$556,300
Total Assessment
$593,900
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517-521 E Walnut St
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