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517-521 E Walnut St 8,000 SF Retail Building Indianapolis, IN 46202 $2,500,000 ($312.50/SF)
INVESTMENT HIGHLIGHTS
- Prime Downtown Location
- Possible Rooftop Addition
- Open Layout
EXECUTIVE SUMMARY
**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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1900
Price
$2,500,000
Price Per SF
$312.50
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
2.30
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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