- For Sale $2,500,000
- Property Type Retail - Restaurant
- Property Size 9,400 SF
- Year Built 1900
- Date Updated Sep 11, 2025
**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.
Reach out to the broker for more info on lease terms and amenities
Attachments
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Contacts
KW Commercial | Indy Metro Northeast | Robert Butcher
Location
Getting Around
-
Walk Score ®
95/100
Walker's Paradise
-
Transit Score ®
56/100
Good Transit
-
Bike Score ®
96/100
Biker's Paradise
- City Indianapolis, IN
- Neighborhood Chatham Arch and Mass Avenue
- Zip Code 46202
- Market Indianapolis
Points of Interest
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Marathon
0.32 miles
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BP
0.48 miles
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ChargePoint
0.76 miles
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Tesla Supercharger
1.04 miles
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Speedway
1.08 miles
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Clark
1.29 miles
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GoLo
1.31 miles
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Shell
1.59 miles
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Tesla Destination Charger
2.03 miles
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Electrify America
6.26 miles
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429 Penn Parking
0.41 miles
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Pulliam Garage
0.46 miles
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Market District Garage
0.55 miles
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Indy Flats Residential Parking
0.63 miles
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The Savoy
0.64 miles
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301 North Illinois Street
0.67 miles
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Circle City Residential Parking
0.67 miles
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City Park
0.74 miles
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Virginia Avenue Garage
0.85 miles
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North Capitol Surface Lot
0.87 miles
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Petra Cafe
0.04 miles
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Union 50
0.06 miles
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Oishi Sushi and Ramen
0.06 miles
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Mesh
0.09 miles
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Thaitanium
0.10 miles
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Condado Tacos
0.11 miles
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Nine Irish Brothers
0.11 miles
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Livery
0.12 miles
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Forty Five Degrees
0.14 miles
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Goodfellas Mass Ave
0.16 miles
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Dollar General Market
0.17 miles
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Needler's Fresh Market
0.36 miles
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Whole Foods Market
0.58 miles
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Kroger
0.79 miles
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TJ Maxx
0.86 miles
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Carson's
0.87 miles
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Angelo's Food Market
0.88 miles
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Circle Center Mall
0.94 miles
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Teacher's Treasures
1.12 miles
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Dear Mom
1.30 miles
Frequently Asked Questions
The space currently listed for sale at 517 E Walnut St, Indianapolis asks for $2,500,000.
517 E Walnut St, Indianapolis totals 9,400 square feet.
517 E Walnut St, Indianapolis was built in 1900.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
KW Commercial | Indy Metro Northeast | Robert Butcher
