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High-Traffic Retail Development Site
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3535 West 16th Street, Indianapolis, IN 46222

±1.03-acre commercial land parcel with prominent frontage on W 16th Street in a high-traffic Indianapolis corridor.

Property Size5,994 SF
Lot Size1.03 Acres
Days on Market131

Property Features for 3535 West 16th Street

General Information

Standard status Active
Size 5,994 SF
Lot size 1.03 Acres
Property subtype Retail
Zoning C4
Investment Type Owner/User

Building Details

Year Built 1940
Listing Agency: C21 Commercial
Listed By: Karanvir Singh · License #IN RB25001187
Source: Crexi
Added: Apr 28 Changed: Aug 23 Last Checked: Sep 3 at 7:16AM

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 C21 Commercial

Investment Insights

Based on property information with market context.

Situated at 3535 West 16th Street, this ±1.03-acre commercial land site is positioned on a high-traffic corridor with strong visibility and accessibility. The property offers substantial frontage along W 16th Street, providing convenient exposure for everyday drivers.

The site is presented as a flexible location for a variety of commercial concepts, including a restaurant, convenience store, automotive service, retail, or other service-oriented businesses. Its versatile layout and ample land area are described as supporting redevelopment or repositioning to fit different operational needs.

According to the remarks, the property is surrounded by established residential neighborhoods and is supported by consistent commuter traffic, creating an environment intended to capture both local and pass-through customers.

Key Highlights

  • ±1.03‑acre commercial land parcel with prominent frontage on W 16th Street in Indianapolis
  • Located on a high‑traffic corridor with strong daily traffic counts and high visibility
  • High accessibility for commercial users along W 16th Street corridor

Property Analytics

Current Use

Club Venus Nightclub

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Plumbing Service (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

366
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

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?
Commercial land - ±1.03-acre commercial land parcel with prominent frontage on W 16th Street in a high-traffic Indianapolis corridor.
Where is this commercial land located?
The property is located at 3535 West 16th Street Indianapolis, IN.
What are key features of this property?
This property features: ±1.03‑acre commercial land parcel with prominent frontage on W 16th Street in Indianapolis; Located on a high‑traffic corridor with strong daily traffic counts and high visibility; High accessibility for commercial users along W 16th Street corridor
More about this property
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