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

Retail occupancy is complete, with one apartment currently available.

Property Size14,457 SF
Days on Market4

Property Features for 1024 Shelby Street

General Information

Standard status Active
Size 14,457 SF
Property subtype Retail

Additional Details

Multifamily Units 5

Building Details

Tenancy Multi
Listing Agency:
Listed By: Scott Wise
Source: Cbre
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 22 at 12:01PM

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 Scott Wise

Investment Insights

Based on property information with market context.

This 11-unit mixed-use property totals 14,457 square feet and includes six commercial suites alongside five apartments. The retail component is fully leased, while one 1,150 SF apartment represents the only current availability. Interior planning supports multiple configurations, including commercial storefront and creative office applications.

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

Key Highlights

  • 11‑unit mixed‑use property totaling 14,457 square feet
  • Six commercial suites and five apartments
  • All 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
Multi-tenant
Tenancy

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 Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail occupancy is complete, with one apartment currently available.
Where is this mixed-use property located?
The property is located at 1024 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; All retail spaces are leased
More about this property
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