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Retail Space with Outdoor Dining
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211 N Pennsylvania St, Indianapolis, IN 46204

Ground-floor retail space with protected outdoor dining and access to valet parking areas.

Property Size2,557 SF
Days on Market499

Property Features for 211 N Pennsylvania St

General Information

Standard status Active
Size 2,557 SF
Property subtype RETAIL

Additional Details

Contiguous Space 11,712 SF

Amenities

upgraded Regions Tower lobby
valet parking
parking garage
outdoor seating

Building Details

Building Size 685,600 SF
Listing Agency: Alo Property Group
Listed By: Gary Perel
Source: Moodyscre
Added: Mar 20, 2025 Changed: Jul 30 Last Checked: Jul 30 at 11:49AM

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.

Up to 11,712 SF of ground-floor retail space is available within a high-rise tower totaling 685,600+ SF. The offering also includes upscale, protected outdoor seating with approximately 5,000± SF of outside dining under an elevated colonnade structure.

Amenities include an upgraded Regions Tower lobby and access to two (2) valet parking areas, plus adjacency to an 1,100+ space parking garage. The space is located at 211 N Pennsylvania St, Indianapolis, IN 46204.

Key Highlights

  • Up to 11,712 SF ground‑floor retail space available
  • 685,600+ SF high‑rise tower setting
  • 5,000± SF outside dining space protected by an elevated colonnade

Property Analytics

Current Use

IFF Charitable Organization CDM Smith Inc. Engineering Consultant WeProGroup Clothing Store Jacobson Hile Kight, ... Law Firm Lev Corporate Office

Suggested Use

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

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

7,189
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 - Ground-floor retail space with protected outdoor dining and access to valet parking areas.
Where is this retail space located?
The property is located at 211 N Pennsylvania St Indianapolis, IN.
What are key features of this property?
This property features: Up to 11,712 SF ground‑floor retail space available; 685,600+ SF high‑rise tower setting; 5,000± SF outside dining space protected by an elevated colonnade
(317) 698-8446 Call to check price and availability
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