517 E Walnut Street, Indianapolis, IN 46202

Building Details

Year built

1900

Architectural style

Other

Listing agent Robert Butcher License #RB18000445 Show Phone

Listing office Keller Williams Indy Metro NE k***@kw.com River Rd Ste 200, Indianapolis, IN Show Phone

Listing date Sep 15, 2025

Report an issue

MLS# 22060481 Listing URL

Copyright © 2026 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

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.

Suggested Use

Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Skin Care Clinic Gym & Fitness Center

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

Nearby Similar for Sale

• 

  $560,000

  5,530 SF

  Flexible Office Building with Garage

  Flexible office layout for one to three users with a fenced outdoor area and detached garage on a C-1 site.

  2131 E 54th Street, Indianapolis, IN 46220

  View Details
• 

  $685,000

  1,795 SF

  Restaurant Ready Space on Keystone

  High-visibility restaurant space with drive-thru potential on Keystone Avenue.

  5527 N Keystone Avenue, Indianapolis, IN 46220

  View Details
• 

  $400,000

  3,392 SF

  Versatile Mixed-Use Property, Indianapolis

  Spacious property suitable for event venue, office, or redevelopment.

  2431 Central Avenue, Indianapolis, IN 46205

  View Details
• 

  $275,000

  3,392 SF

  Indianapolis Mixed-Use Opportunity

  Versatile property suitable for various community-focused ventures.

  3611 E 34th Street, Indianapolis, IN 46218

  View Details
• 

  $399,000

  2,274 SF

  Freestanding Office Building on Shadeland

  Single-story office building with C-1 zoning in Indianapolis.

  1101 N Shadeland Avenue, Indianapolis, IN 46219

  View Details
• 

  $1,000,000

  3,828 SF

  Indianapolis Retail Corner Location

  Remodeled two-tenant retail building in Garfield Park neighborhood.

  1121 E Troy Avenue, Indianapolis, IN 46203

  View Details
• 

  $450,000

  6,644 SF

  East 10th Street Redevelopment Opportunity

  Prime commercial property in thriving Brookside/East 10th Street corridor.

  2828 E 10th Street, Indianapolis, IN 46201

  View Details
• 

  $1,400,000

  6,232 SF

  Fountain Square Redevelopment Opportunity

  Prime investment in Indianapolis's active growth corridor near downtown.

  1628 Bates Street, Indianapolis, IN 46201

  View Details
• 

  $700,000

  8,637 SF

  Professional Office Building Opportunity

  A well-maintained office building with multiple private offices, large windows, and convenient parking for staff and clients.

  1300 N Pennsylvania Street, Indianapolis, IN 46202

  View Details
• 

  $149,000

  6,022 SF

  Value-Add Commercial Opportunity in Indianapolis

  Four-unit commercial property for renovation and repositioning near downtown.

  3427 W Michigan Street, Indianapolis, IN 46222

  View Details
• 

  $1,200,000

  9,000 SF

  Established Auto Shop For Sale

  Long-standing auto shop with strong reputation and versatile facilities.

  7086 Southeastern Avenue, Indianapolis, IN 46239

  View Details
• 

  $639,000

  7,800 SF

  High-Visibility Commercial Site on Madison

  3-acre commercial site with warehouse and development potential.

  3604 Madison Avenue, Indianapolis, IN 46227

  View Details

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 Street 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**.