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Retail/Flex Building for Lease
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1402 Shelby Street, Indianapolis, IN 46203

Lease a 4,788± SF retail/flex building suited for flexible commercial uses.

Space Size4,978 SF
Days on Market55

Property Features for 1402 Shelby Street

General Information

Standard status Active
Size 4,978 SF
Property subtype Retail, Office, Industrial

Building Details

Year Built 1971

Spaces For Lease

at 1402 Shelby Street Contact us

Space 1

Size
4,978 SF
Type
Retail, Office, Industrial
Contact us
Listing Agency: Meridian & Market Commercial Real Estate
Listed By: Eric Ahonen · License #IN RB16001417
Source: Crexi
Added: Jun 12 Changed: Jul 10 Last Checked: Aug 4 at 8:22AM

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 Meridian & Market Commercial Real Estate

Investment Insights

Based on property information with market context.

This offering is a retail/flex building totaling 4,788± SF. The space is positioned for tenants seeking a flexible layout that can support both retail activities and light flex use, depending on their operational needs.

Located at 1402 Shelby Street in Indianapolis, IN 46203, the property is presented as a straightforward commercial option for occupiers looking for a dedicated building. The listing is specifically for lease, making it a direct fit for tenants planning to relocate or establish operations.

As a retail/flex configuration, the property can be appropriate for businesses that benefit from combining customer-facing elements with adaptable space requirements. Prospective tenants should evaluate the building against their intended use, considering that no additional specifications were provided in the listing materials. For the most accurate fit, confirm permitted uses and any buildout or operational requirements with the appropriate parties prior to lease execution.

Key Highlights

  • 4,788± SF retail/flex building
  • Built in 1971

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Electrical Service Daycare Center Storage Facility Accounting Firm

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

869
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Indianapolis, IN

$22.17 /SF/Yr
Avg Asking Price
$8–$95.52 /SF/Yr
Price Range
17,040 SF
Avg Space Size

Properties on Market for Flex space in Indianapolis

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Flex space - Lease a 4,788± SF retail/flex building suited for flexible commercial uses.
Where is this flex space located?
The property is located at 1402 Shelby Street Indianapolis, IN.
What are key features of this property?
This property features: 4,788± SF retail/flex building; Built in 1971
More about this property
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