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    517 E Walnut St Indianapolis, IN 46202

    For Sale
    $2,500,000

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    9,400 SF
    Lot size:
    0.08 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 517 E Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    C4
    APN
    491101168013000101
    Size
    9,400 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    1900
    Architectural style
    Other

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

    Listing agent Robert Butcher (317) 564-7100 License #RB18000445

    Listing date Nov 6, 2025

    MLS# 22060481 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

    Versatile Building in Chatham Arch

    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. The property is zoned C4, and can accommodate office, retail, food & beverage, personal services, and healthcare. The property also offers potential for a rooftop addition with spectacular skyline views. The building has a size of 9,400 square feet and is situated on a lot of 0.08 acres. It is an ideal opportunity for investors or operators seeking a high-visibility location in one of the city's most dynamic districts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chatham Home Home Goods Store

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Clothing Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.147859
    Latitude
    39.776349

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    FAQs

    What type of property is this?
    Retail space - Two-story building in Indianapolis' thriving Chatham Arch neighborhood.
    Where is this retail space located?
    The property is located at 517 E Walnut St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location just off Massachusetts Avenue in the thriving Chatham Arch neighborhood.; - Versatile C4 zoning allows for a wide range of uses: office, retail, food & beverage, personal services, and healthcare.; - Potential for a rooftop addition with **spectacular skyline views**.
    (317) 564-7100
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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
    517 E Walnut St Indianapolis, IN 46202
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