517 E Walnut St, Indianapolis
517 East Walnut Street, Indianapolis, IN 46202
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.
Rental Details
- Number of spaces 3
- Total square feet available 9,400 SF
- For Lease Price on request
- Space Type Retail
- Latest Update Sep 28, 2026
Reach out to the broker for more info on lease terms and amenities
True
3 Spaces Available
| Space Name | Space Type | Lease Rate | Total Space | Floor | Lease Type | |
|---|---|---|---|---|---|---|
| 1 | Retail | Negotiable | 2,900 SF | - | - | |
| 2 | Retail | Price on request | 3,600 SF | - | - | |
| 3 | Retail | Price on request | 2,900 SF | - | - |
1
- Space Type
- Retail
- Lease Rate
- Negotiable
- Total Space
- 2,900 SF
2
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 3,600 SF
3
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 2,900 SF
Contacts
KW Commercial | Indy Metro Northeast | Robert Butcher
Building Details
- For Lease Price on request
- Property Type Retail
- Property Size 9,400 SF
- Lot Size 0.08 Acre
- Additional Rent Price on request
- # of Floors 3
- Year Built 1900
- Date Updated Sep 28, 2026
Location
- City Indianapolis, IN
- Neighborhood Chatham Arch and Mass Avenue
- Zip Code 46202
- Market Indianapolis
-
Walk score 95/100 Walker's Paradise -
Transit score 56/100 Good Transit -
Bike score 96/100 Biker's Paradise
Points of Interest
Marathon
0.32 miles
BP
0.48 miles
ChargePoint
0.77 miles
Tesla Supercharger
1.04 miles
Speedway
1.08 miles
Clark
1.29 miles
GoLo
1.31 miles
Shell
1.59 miles
Tesla Destination Charger
2.03 miles
Electrify America
6.26 miles
429 Penn Parking
0.41 miles
Pulliam Garage
0.46 miles
Market District Garage
0.55 miles
Indy Flats Residential Parking
0.63 miles
The Savoy
0.64 miles
Circle City Residential Parking
0.67 miles
301 North Illinois Street
0.67 miles
City Park
0.74 miles
Virginia Avenue Garage
0.85 miles
North Capitol Surface Lot
0.87 miles
Dollar General Market
0.17 miles
Needler's Fresh Market
0.37 miles
Whole Foods Market
0.58 miles
Kroger
0.79 miles
TJ Maxx
0.86 miles
Carson's
0.87 miles
Angelo's Food Market
0.88 miles
Circle Center Mall
0.95 miles
Teacher's Treasures
1.12 miles
Dear Mom
1.30 miles
Listing Summary
-
Retail Space Available The property exclusively contains Retail space totaling 9,400 square feet.
-
Space Sizes - The property houses 3 retail spaces in the 1,000 to 10,000 square feet range, which can serve small or medium-sized retail businesses with growth potential.
-
Area Characteristics 517 East Walnut Street is located in the Chatham Arch and Mass Avenue neighborhood of Indianapolis. The Chatham Arch and Mass Avenue retail market offers 10 retail listings, representing a total of 40,910 square feet of retail space for lease.
The most common retail type in the Chatham Arch and Mass Avenue neighborhood is College Park, of which the market currently offers 17 spaces.
You can also find 15 Castleton spaces. Additionally, leasing opportunities here include 10 Chatham Arch and Mass Avenue spaces.
KW Commercial | Indy Metro Northeast | Robert Butcher
