Penrose on Mass Project

530 Massachusetts Ave, Indianapolis, IN 46204

  • For Lease Contact for pricing
  • Property Type Retail - Strip
  • Property Size 39,000 SF
  • Date Updated Feb 4, 2024
The new Penrose on Mass project offers retailers and restaurants, looking to expand in downtown Indianapolis, a unique opportunity that they rarely find in an urban setting: new, contemporary construction; plenty of on-site parking and a strong residential component all in a commercial-friendly environment. The $50-million, mixed-use Penrose on Mass project in downtown Indianapolis includes 4-stories of apartments (236 units) and 39,000 square feet of retail being jointly developed by John Hart of JC Hart and Strongbox, lead by Paul Kite.The new Penrose on Mass project offers retailers and restaurants, looking to expand in downtown Indianapolis, a unique opportunity that they rarely find in an urban setting: new, contemporary construction; plenty of on-site parking and a strong residential component all in a commercial-friendly environment. The $50-million, mixed-use Penrose on Mass project in downtown Indianapolis includes 4-stories of apartments (236 units) and 39,000 square feet of retail being jointly developed by John Hart of JC Hart and Strongbox, lead by Paul Kite.

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Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • 39,000 square feet of retail on the first floor
  • Located in the heart of Mass. Avenue
  • Mix of brick, stone and metal paneling along Mass Ave.
  • 236 apartment units
  • Signature architecture
  • 20’ clear ceiling heights allowing for mezzanines
  • Outdoor patio capability
  • Rear covered delivery
  • 373 total garage spaces, 200 specifically for retail and an additional 45 new street parking spaces for retail use as well

Spaces Available

Contacts

broker

Beth Patterson

Bradley Company

(317) 663-6558

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise

  • Transit Score ®

    60/100 Good Transit

  • Bike Score ®

    97/100 Biker's Paradise
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood Chatham Arch and Mass Avenue
  • Zip Code 46204
  • Market Indianapolis

Points of Interest

  • Canal

    0.97 miles

  • Indianapolis Union Station

    1.01 miles

  • Methodist

    1.20 miles

  • Indiana University/Riley

    1.44 miles

  • Marathon

    0.17 miles

  • Tesla Supercharger

    0.89 miles

  • Marathon

    1.01 miles

  • Speedway

    1.12 miles

  • Marathon

    1.13 miles

  • Speedway

    1.35 miles

  • Phillips 66

    1.37 miles

  • Clark

    1.42 miles

  • Phillips 66

    1.59 miles

  • Shell

    1.60 miles

  • 429 Penn Parking

    0.27 miles

  • Pulliam Garage

    0.31 miles

  • Market District Garage

    0.43 miles

  • The Savoy

    0.51 miles

  • 301 North Illinois Street

    0.53 miles

  • Indy Flats Residential Parking

    0.66 miles

  • Circle City Residential Parking

    0.71 miles

  • Virginia Avenue Garage

    0.72 miles

  • Cityway North Car Park

    0.84 miles

  • Plaza Garage

    0.88 miles

  • LouVino Indianapolis Mass Ave Restaurant & Wine Bar

    0.02 miles

  • Goodfellas Mass Ave

    0.03 miles

  • Condado Tacos

    0.04 miles

  • Nine Irish Brothers

    0.05 miles

  • Salt on Mass

    0.06 miles

  • Fat Dan's Deli

    0.06 miles

  • The Rathskeller

    0.08 miles

  • Pizzology

    0.09 miles

  • Union 50

    0.10 miles

  • Petra Cafe

    0.11 miles

  • Dollar General Market

    0.03 miles

  • Needler's Fresh Market

    0.22 miles

  • Whole Foods Market

    0.45 miles

  • Kroger

    0.67 miles

  • Carson's

    0.73 miles

  • Circle Center Mall

    0.80 miles

  • Angelo's Food Market

    0.80 miles

  • Kroger Marketplace

    1.00 miles

  • Teather's Treasures

    1.26 miles

  • Wildwood Market

    1.54 miles

Frequently Asked Questions

How much does retail space at 530 Massachusetts Ave cost?

The price for retail space for lease at 530 Massachusetts Ave is available upon request. Pricing of commercial spaces is largely dependent on things like location — especially proximity to areas that can be easily reached by car or public transit or enjoy high foot traffic — the overall size, features and condition of the space, and the lease structure. Safety and security in the area can also play an important role in choosing the most suitable retail space for a business.

What kind of retail space can I rent at 530 Massachusetts Ave?

The property has 9,555 square feet of rentable Retail space. Rental opportunities here are available under NNN lease terms.

Use the contact form at the top of this page to schedule a tour of the property with a broker and get further details on this listing.

How many parking spots are available at 530 Massachusetts Ave?

Reach out to the listing broker for more information on vehicle access and parking options at or near this property, as well as additional amenities that complement the retail experience at 530 Massachusetts Ave. You can find 3 parking option(s) and 1 fuel station(s) within a 0.5-mile radius.

Are there any potentially competing retail businesses in the area?

Yes, there are 5 spaces zoned for retail use within a 0.5-mile radius of 530 Massachusetts Ave.

Is 530 Massachusetts Ave located in a popular area for retail businesses?

The property is part of Chatham Arch and Mass Avenue, which is home to 3 other retail listings.

Other popular areas for retail businesses in Indianapolis include Castleton, College Park, Arlington Woods.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Beth Patterson

Bradley Company

(317) 663-6558

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