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Renovated Retail Space
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2518-2522 W Michigan St, Indianapolis, IN 46222

Two flexible suites provide shell space for tenant-specific buildout.

Space Size850 SF
Days on Market5

Property Features for 2518-2522 W Michigan St

General Information

Standard status Active
Size 850 SF
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 2518-2522 W Michigan St Contact us

2520 W Michigan St $20/SF/Yr

Floor
1
Size
850 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Two 850-square-foot retail or office suites are available for immediate lease at...
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Listing Agency: Allies Commercial Realty
Listed By: Daniel Santana · License #RB18001493
Source: Moodyscre
Added: Aug 19 Changed: Aug 22 Last Checked: Aug 22 at 1:57PM

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 Allies Commercial Realty

Investment Insights

Based on property information with market context.

This retail space at 2520 W. Michigan Street includes two suites measuring 850 square feet each. The property has undergone professional renovation and features contemporary finishes, while the available shell configuration allows occupants to shape the interiors around their requirements.

Flexible MU-2 zoning supports retail or office use. The property is available for immediate lease on a modified gross basis, with prominent exposure along W. Michigan Street in Indianapolis.

Key Highlights

  • Two suites, 850 square feet apiece
  • Professionally renovated with modern finishes
  • Shell configuration supports tenant‑specific buildout

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Nail Salon

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby

Demographics for 46222, IN

37,185
Population
15,782
Households
2.4
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
11.0 sq mi
ZIP Area
3,380
Density / Sq Mi
$45,198
Median Household Income
$30,548
Median Earnings
$1,050
Median Rent
$104,300
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$18.38 /SF/Yr
Avg Asking Price
$13–$27.5 /SF/Yr
Price Range
8,675 SF
Avg Space Size

This space is priced 9% above the average of $18.38 /SF/Yr.

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?
Retail space - Two flexible suites provide shell space for tenant-specific buildout.
Where is this retail space located?
The property is located at 2518-2522 W Michigan St Indianapolis, IN.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Two suites, 850 square feet apiece; Professionally renovated with modern finishes; Shell configuration supports tenant‑specific buildout
(765) 635-9215 Call to check price and availability
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