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 Aug 10, 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
- Lot Size 0.08 Acre
- Additional Rent Price on request
- # of Floors 3
- Year Built 1900
- Date Updated Aug 10, 2026
Location
- City Indianapolis, IN
- Neighborhood Chatham Arch and Mass Avenue
- Zip Code 46202
- Market Indianapolis
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Walk score 95/100 Walker's Paradise
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Transit score 56/100 Good Transit
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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
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The Price for Retail Space at 517 East Walnut Street
The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.
517 East Walnut Street is located in the Chatham Arch and Mass Avenue neighborhood, which is home to a total of 7 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.
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Retail Space Options Available at 517 East Walnut Street
The property exclusively contains Retail space totaling 9,400 square feet.
In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 3 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 517 East Walnut Street, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.
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Get to Know the Retail Scene in the Chatham Arch and Mass Avenue Neighborhood
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 7 retail listing(s), representing a total of 29,149 square feet of retail space for lease.
The most common retail type in the Chatham Arch and Mass Avenue neighborhood is General Office, of which the market currently offers 2 space(s). You can also find 2 Street Retail space(s).
When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Chatham Arch and Mass Avenue resident is 30 years old, and the median household income here is $74,951 per year.
KW Commercial | Indy Metro Northeast | Robert Butcher