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    1135 Shelby St Indianapolis, IN 46203

    For Lease
    $2,380 /Mo ($79 SF/Yr)

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    360 SF
    Lot size:
    0.13 Acres
    Days on Market:
    226
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 1135 Shelby St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Commercial
    APN
    491018185005000101
    Size
    360 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1930
    Architectural style
    Other

    Indy Metro Northeast dba Keller Williams Realty (317) 564-7100 [email protected]

    Listing agent Robert Burlas (317) 564-7100 License #RB21001261

    Listing date Apr 25, 2025

    MLS# 22018329 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fountain Square Retail/Office Space

    This commercial space is located on Shelby Street in Fountain Square, Indianapolis. Suited for both retail and office use, the property offers high visibility and ample parking. The property size is 360 square feet and the lot size is 0.13 acres. The location is situated within a rapidly growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Southside Democrat Club Political Party Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.139564
    Latitude
    39.751299

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    FAQs

    What type of property is this?
    Retail space - Retail or office space in the heart of Fountain Square.
    Where is this retail space located?
    The property is located at 1135 Shelby St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $79 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Fountain Square.; - Situated directly on Shelby Street.; - Suitable for both retail and office use.
    (317) 564-7100
    Request Owner's contact information
    1135 Shelby St Indianapolis, IN 46203
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    Indianapolis, IN 46203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1135 Shelby St Indianapolis, IN 46203
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