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  1. Retail Space
  2. IN
  3. Indianapolis

517 E Walnut St, Indianapolis

For Lease 9,400 SF

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
Want more info on this listing?

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 Expand
1 Retail Negotiable 2,900 SF - -

1

Space Type

Retail

Lease Rate

Negotiable

Additional Rent

Price on request

Total Space Available

2,900 SF

Sublease

No

Build Type

Full build out

Location

Street Level

Signage Options

Building

2 Retail Price on request 3,600 SF - -

2

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

3,600 SF

Sublease

No

Build Type

Full build out

Location

Street Level

Signage Options

Building

3 Retail Price on request 2,900 SF - -

3

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

2,900 SF

Sublease

No

Build Type

Full build out

Location

Street Level

Signage Options

Building

1

Space Type
Retail
Lease Rate
Negotiable
Total Space
2,900 SF
Space Type

Retail

Lease Rate

Negotiable

Additional Rent

Price on request

Total Space Available

2,900 SF

Sublease

No

Build Type

Full build out

Location

Street Level

Signage Options

Building

2

Space Type
Retail
Lease Rate
Price on request
Total Space
3,600 SF
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

3,600 SF

Sublease

No

Build Type

Full build out

Location

Street Level

Signage Options

Building

3

Space Type
Retail
Lease Rate
Price on request
Total Space
2,900 SF
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

2,900 SF

Sublease

No

Build Type

Full build out

Location

Street Level

Signage Options

Building

Contacts

broker
Robert Butcher

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
  • Map
  • Street
  • Walk score 95/100 Walker's Paradise
  • Transit score 56/100 Good Transit
  • Bike score 96/100 Biker's Paradise
Powered by Walk Score ®

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

  • 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.

  • 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.

  • 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.

Contact Robert Butcher
broker
Robert Butcher

KW Commercial | Indy Metro Northeast | Robert Butcher

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