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Mixed-Use Property with Retail Suites
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1024-1032 Shelby Street, Indianapolis, IN 46203

Eleven-unit asset combines six commercial suites with five apartments near coffee shops, restaurants, galleries, and entertainment venues.

Property Size14,457 SF
Days on Market10

Property Features for 1024-1032 Shelby Street

General Information

Standard status Active
Size 14,457 SF
Property subtype Mixed Use, Multifamily, Retail
Occupancy 90%

Additional Details

Multifamily Units 5

Building Details

Buildings 1
Units 11
Tenancy Multi
Listing Agency: CBRE - Indianapolis
Listed By: Scott Wise · License #RB20000189
Source: Crexi
Added: Aug 13 Changed: Aug 18 Last Checked: Aug 21 at 11:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Indianapolis

Investment Insights

Based on property information with market context.

This 11-unit mixed-use property spans 14,457 square feet and includes six commercial suites alongside five apartments. Retail spaces are leased, while one 1,150-square-foot apartment is currently available. The floor plan can accommodate commercial storefront or creative office configurations.

The property is positioned in Indianapolis’s historic Fountain Square district, an area associated with arts, dining, and entertainment. Nearby context includes local coffee shops, restaurants, antique stores, and art galleries, with parks such as Garfield Park and its Conservatory, along with the University of Indianapolis, also in proximity.

Key Highlights

  • 11‑unit mixed‑use property totaling 14,457 square feet
  • Six commercial suites and five apartments
  • Retail spaces are leased

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Pharmacy Daycare Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,115
Businesses Nearby

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Eleven-unit asset combines six commercial suites with five apartments near coffee shops, restaurants, galleries, and entertainment venues.
Where is this mixed-use property located?
The property is located at 1024-1032 Shelby Street Indianapolis, IN.
What are key features of this property?
This property features: 11‑unit mixed‑use property totaling 14,457 square feet; Six commercial suites and five apartments; Retail spaces are leased
(317) 613-3124 Call to check price and availability
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