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Former Grocery Store Retail Space
For Lease
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2176 Shelby Street, Indianapolis, IN 46203

Move-in ready former grocery store on 1.39 acres with adjacent parcels available for expansion.

Space Size21,173 SF
Lot Size1.87 Acres
Days on Market135

Property Features for 2176 Shelby Street

General Information

Standard status Active
Size 21,173 SF
Lot size 1.87 Acres
Property subtype RETAIL

Site & Location

Traffic Count 130,000 vehicles/day
Highway Access Yes
Road Access Yes

Spaces For Lease

at 2176 Shelby Street
2176 Shelby St AVAILABLE, Now
Floor Bldg
Size 21,173 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- CONFIDENTIAL; DO NOT DISTURB TENANT - 21,173 SF former grocery store - Current site is 1.39 AC with additional adjacent parcels available to create a 1.87 AC parcel - Visibility and access to over 130K cars per day including I-65 and 29K cars per day on Raymond Street - Well-maintained grocery store; move-in condition - Located minutes from downtown Indianapolis and University of Indianapolis
Contact us
Listing Agency: Veritas Realty
Listed By: John Holloway · License #RB14036910
Source: Moodyscre
Added: Jun 8 Changed: Oct 9 Last Checked: Oct 19 at 9:09AM

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

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Investment Insights

Based on property information with market context.

Available for lease: a well-maintained former grocery store in move-in condition. The space totals 21,173 square feet and is currently configured as a grocery store facility.

The current site is 1.39 acres, with additional adjacent parcels available to create a 1.87-acre parcel. The property benefits from visibility and access to traffic volumes exceeding 130,000 cars per day, including 29,000 cars per day on Raymond Street, and it is located minutes from downtown Indianapolis and the University of Indianapolis.

Key Highlights

  • 21,173 SF former grocery store in move‑in condition
  • Site size: 1.39 AC; adjacent parcels available to expand to a 1.87 AC parcel
  • High‑traffic visibility with access to over 130K cars per day, including 29K cars per day on Raymond Street

Property Analytics

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Current Use

Bike Parking Bicycle Rack Safeway Specialty Food Shop Western Union Bank Boost Mobile Mobile Phone Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Accounting Firm Daycare Center Electrical 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

130,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

409
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Move-in ready former grocery store on 1.39 acres with adjacent parcels available for expansion.
Where is this grocery and convenience store located?
The property is located at 2176 Shelby Street Indianapolis, IN.
What are key features of this property?
This property features: 21,173 SF former grocery store in move‑in condition; Site size: 1.39 AC; adjacent parcels available to expand to a 1.87 AC parcel; High‑traffic visibility with access to over 130K cars per day, including 29K cars per day on Raymond Street
(317) 986-7037 Call to check price and availability
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