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Streetfront Retail Space
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307 N Pennsylvania St, Indianapolis, IN 46204

Retail suite with direct frontage on North Pennsylvania Street at a new mixed-use, 9-story apartment development.

Property Size2,193 SF
Days on Market938

Property Features for 307 N Pennsylvania St

General Information

Standard status Active
Size 2,193 SF
Property subtype RETAIL

Site & Location

Traffic Count 12,000 vehicles/day
Road Access Yes

Amenities

fitness center
rooftop pool
lounge
covered parking garage

Building Details

Stories 9
Listing Agency: Veritas Realty
Listed By: Andrew Demaree · License #RB16000417
Source: Moodyscre
Added: Jan 5, 2024 Changed: Jul 26 Last Checked: Jul 31 at 3:06AM

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 Veritas Realty

Investment Insights

Based on property information with market context.

Positioned at the northeast corner of North Pennsylvania Street and New York Street near downtown Indianapolis, this retail opportunity is part of The Whit, a brand-new nine-story, 334-unit luxury apartment development. The commercial space offers up to 3,793 square feet and features direct frontage on North Pennsylvania Street.

The Whit includes a connected, covered parking garage and resort-style community amenities such as a fitness center, rooftop pool, and rooftop lounge, supporting daily convenience for residents and visitors. With its downtown infill location and visibility along a major thoroughfare, the space is positioned to serve foot traffic and street-oriented activity in the Central Business District area.

Available as part of a new mixed-use project, the suite can be considered for retailers seeking a prominent street presence within an active residential building.

Key Highlights

  • Up to 3,793 SF retail/commercial space with direct frontage on N. Pennsylvania St.
  • Located at the northeast corner of N. Pennsylvania St. and New York St., near Indianapolis Central Business District.
  • Direct frontage on N. Pennsylvania St. where over 12,000 cars per day pass the site.

Property Analytics

Current Use

J Louis Law Law Firm Hattori Hanzo Shears (Bike/Boat/Book/etc) Store The Whit Apartments Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service Tanning Salon Nursing Home Kitchen & Bath Showroom

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

12,000 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,313
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$17.98 /SF/Yr
Avg Asking Price
$11.43–$27.5 /SF/Yr
Price Range
4,109 SF
Avg Space Size

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?
Retail space - Retail suite with direct frontage on North Pennsylvania Street at a new mixed-use, 9-story apartment development.
Where is this retail space located?
The property is located at 307 N Pennsylvania St Indianapolis, IN.
What are key features of this property?
This property features: Up to 3,793 SF retail/commercial space with direct frontage on N. Pennsylvania St.; Located at the northeast corner of N. Pennsylvania St. and New York St., near Indianapolis Central Business District.; Direct frontage on N. Pennsylvania St. where over 12,000 cars per day pass the site.
(317) 737-2880 Call to check price and availability
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