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Retail Space in Luxury Apartments
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307 N Pennsylvania St, Indianapolis, IN

Retail space available in new luxury apartment development.

Space Size1,600 SF - 2,193 SF
Lot Size1.84 Acres
Days on Market984

Property Features for 307 N Pennsylvania St

General Information

Standard status Active
Size 1,600 SF - 2,193 SF
Lot size 1.84 Acres
Property subtype RETAIL

Spaces For Lease

at 307 N Pennsylvania St Contact us

The Whit Apartments

Floor
1
Size
1,600 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Ideally situated at the northeast corner of N. Pennsylvania Street and New York...
show more
Contact us

The Whit Apartments

Floor
1
Size
2,193 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Ideally situated at the northeast corner of N. Pennsylvania Street and New York...
show more
Contact us
Listing Agency: Veritas Realty
Listed By: Andrew Demaree · License #RB16000417
Source: Moodyscre
Added: Jan 5, 2024 Changed: Sep 4 Last Checked: Sep 14 at 7:10AM

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

Investment Insights

Based on property information with market context.

Located at the northeast corner of N. Pennsylvania Street and New York Street, near the Central Business District of Indianapolis, this commercial space is part of The Whit, a new nine-story luxury apartment development featuring 334 units. The available retail space offers up to 3,793 square feet with frontage on North Pennsylvania Street, which sees over 12,000 cars per day. The Whit provides resort-style community amenities, including a fitness center, rooftop pool and lounge, and access to a covered parking garage. The location provides access to Indianapolis’ major employment centers and proximity to Massachusetts Avenue, a vibrant cultural and commercial neighborhood. The property encompasses the city block formerly occupied by the Indianapolis Star. The available space is 2,193 square feet.

Key Highlights

  • Brand‑new, 334‑unit luxury apartment development with unmatched city and University Park views.
  • Prime downtown Indianapolis location near the Central Business District and Massachusetts Avenue.
  • Resort‑style community amenities including a state‑of‑the‑art fitness center and rooftop pool and lounge.

Property Analytics

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Current Use

J Louis Law Law Firm Hattori Hanzo Shears (Bike/Boat/Book/etc) Store The Whit Apartments Real Estate Agency

Suggested Use

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,313
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$17.14 /SF/Yr
Avg Asking Price
$2.22–$27.5 /SF/Yr
Price Range
8,556 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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available in new luxury apartment development.
Where is this retail space located?
The property is located at 307 N Pennsylvania St Indianapolis, IN.
What are key features of this property?
This property features: Brand‑new, 334‑unit luxury apartment development with unmatched city and University Park views.; Prime downtown Indianapolis location near the Central Business District and Massachusetts Avenue.; Resort‑style community amenities including a state‑of‑the‑art fitness center and rooftop pool and lounge.
(317) 737-2880 Call to check price and availability
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