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Three-Story Retail Building with Frontage
For Sale
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615 North East Street, Indianapolis, IN 46202

Street-level and lower-level retail suites offer direct Massachusetts Avenue frontage in a cultural arts district setting.

Property Size24,790 SF
Days on Market49

Property Features for 615 North East Street

General Information

Standard status Active
Size 24,790 SF
Property subtype Retail

Building Details

Building Size 24,790 SF
Stories 3

Properties For Sale

at 615 North East Street Contact us

Suite A

Size
1,305 SF
Type
Street Retail
Term
Negotiable
Contact us

Suite D

Size
1,858 SF
Term
Negotiable
Contact us
Listing Agency: ALO Property Group
Listed By: Gary Perel
Source: Alopg
Added: Jun 25 Changed: Aug 8 Last Checked: Aug 11 at 6:00AM

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 ALO Property Group

Investment Insights

Based on property information with market context.

The Argyle is an iconic three-story commercial property comprising 24,790 square feet. The current offering includes 1,305 RSF at street level as Suite A, along with 1,858 RSF on the lower level as Suite D. Together, the available space totals 3,163 RSF and includes direct frontage along Massachusetts Avenue.

The building sits at the prominent intersection of North East Street and Massachusetts Avenue, providing street-level exposure in downtown Indianapolis. It is located on the Indianapolis Cultural Trail and positioned within the heart of the city’s cultural arts district. The property is described as being adjacent to the Bottleworks District.

This configuration can work well for retailers or service operators seeking a combined street-level presence with additional lower-level space. The direct frontage along Massachusetts Avenue supports customer-facing use, while the two-level layout offers flexibility for showroom, sales, or supporting back-of-house needs within the offered footprint.

Key Highlights

  • 24,790 SF three‑story mixed‑use commercial building at North East St & Massachusetts Ave
  • Available suites total 3,163 RSF: 1,305 RSF at street level (Suite A) plus 1,858 RSF on the lower level (Suite D)
  • Direct frontage on Massachusetts Avenue with strong pedestrian visibility

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Carpet & Flooring Store Nursing Home Adult Day Care

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

Location Intelligence

Trade Area within ½ mile

4,102
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46202, IN

22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Street-level and lower-level retail suites offer direct Massachusetts Avenue frontage in a cultural arts district setting.
Where is this storefront property located?
The property is located at 615 North East Street Indianapolis, IN.
What are key features of this property?
This property features: 24,790 SF three‑story mixed‑use commercial building at North East St & Massachusetts Ave; Available suites total 3,163 RSF: 1,305 RSF at street level (Suite A) plus 1,858 RSF on the lower level (Suite D); Direct frontage on Massachusetts Avenue with strong pedestrian visibility
More about this property
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