Building Details

Year built 1955

Listing Agency: Engel & Volkers Indianapolis · Engel & Völkers i***@engelvoelkers.com Show Phone

Listed By: Carol Miller

Added: Aug 31 Last Checked: Aug 31 at 8:06PM

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MLS# 22108910

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5,530 SF retail space at 225 Federal Drive includes several private offices alongside three large open areas. The interior also features a weather-protected vestibule, kitchenette, women’s restroom with multiple stalls, men’s restroom, and staff bathroom. Most of the space is carpeted, and the building dates to 1955.

The unit is configured as one integrated space because its HVAC and restroom layout do not support division into separate units. Individual rooms could nevertheless be rented separately within a larger occupant’s arrangement. The property is located in Chesterfield, Indiana, in Madison County.

Key Highlights

• 5,530 SF retail space at 225 Federal Drive
• Several offices plus three large open areas
• Kitchenette and three restroom areas

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant HVAC Service 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.

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

Explore this area Business Placement

Demographics for 46017, IN

5,930

Population

2,386

Households

2.5

Avg Household Size

44

Median Age

19%

College-Educated

94%

High-School Grad

17.7 sq mi

ZIP Area

335

Density / Sq Mi

$72,468

Median Household Income

$40,140

Median Earnings

$972

Median Rent

$138,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible commercial interior with offices, open areas, a kitchenette, and multiple restroom facilities.

Where is this retail space located?

The property is located at 225 Federal Drive Chesterfield, IN.

What are key features of this property?

This property features: 5,530 SF retail space at 225 Federal Drive; Several offices plus three large open areas; Kitchenette and three restroom areas