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    1515-1545 Main St Speedway, IN 46224

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    For Lease
    Contact for pricing

    Retail space available in mixed-use development near Indianapolis Motor Speedway.

    Property size:
    5,250 SF
    Lot size:
    1.54 Acres

    Property Features for 1515-1545 Main St

    General Information

    Size
    5,250 SF
    Lot size
    1.54 Acres

    Source: Veritas Realty Agent Amy Tharp, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Speedway

    This retail space is part of a mixed-use luxury apartment and retail development featuring 117 beds. It is part of a master development that includes a new Hilton brand hotel, contributing to the revitalization of Main Street Speedway. The property is located near various Main Street Speedway tenants, including Fundae’s, Big Woods Pizza, Foyt Wine Vault, Speedway Indoor Karting, Daredevil Brewing, 1911 Grill, Yogulatte, and Barbecue & Bourbon. The Indianapolis Motor Speedway is a year-round international attraction, hosting the Indianapolis 500 every May, which draws approximately 300,000 attendees, along with the Brickyard 500 and Indy Grand Prix races. There are 54 non-reserved public parking spaces available onsite, along with street parking. The property is connected to the B&O bike and recreational trail, which experiences increasing foot and bike traffic. The property offers 5250 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Speedway
    County
    Marion
    State
    Indiana
    Longitude
    -86.238571
    Latitude
    39.785778

    Nearby Similar for Lease

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      7,700 SF

      Office/Retail Space Near Speedway

      Sublease opportunity near Indianapolis Motor Speedway with parking.
      1552-1564 N Main St, Speedway, IN 46224
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    • Contact for pricing
      28,146 SF

      Speedway Flex Space - Main Street

      Prime Speedway Flex Space Available
      1255 Main St, Speedway, IN 46224
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    • $18 SF/Yr
      16,000 SF

      Speedway Office Space for Lease

      Class A Office/Retail, Speedway, IN
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    FAQs

    What type of property is this?
    Retail space - Retail space available in mixed-use development near Indianapolis Motor Speedway.
    Where is this retail space located?
    The property is located at 1515-1545 Main St Speedway, IN.
    What are key features of this property?
    This property features: - Mixed-use luxury apartment and retail development featuring 90 units/117 beds in a revitalizing area.; - Part of a master development including a new Hilton brand hotel.; - Located near Main Street Speedway's popular restaurants and entertainment venues.
    (317) 737-1542
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    Speedway, IN 46224
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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
    1515-1545 Main St Speedway, IN 46224
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