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Ground-Floor Retail Space
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414 West Vermont Street, Indianapolis, IN 46202

Open warm gray shell with storefront glazing and structured parking access.

Space Size6,500 SF
Days on Market11

Property Features for 414 West Vermont Street

General Information

Standard status Active
Size 6,500 SF
Net Rentable 1,500 SF
Property subtype Retail

Space & Availability

Available Space 1,500-6,500 SF
Floor Ground
Space Use Retail

Additional Details

Highway Access Yes

Amenities

floor-to-ceiling storefront glass
open warm gray shell ready for tenant buildout
access to structured parking

Spaces For Lease

at 414 West Vermont Street Contact us

Available Space

Size
6,500 SF
Availability
Active
Contact us
Listing Agency: Coombes Real Estate
Listed By: Robert Coombes · License #RB17000978
Source: Crexi
Added: Sep 1 Changed: Sep 9 Last Checked: Sep 11 at 7:33AM

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 Coombes Real Estate

Investment Insights

Based on property information with market context.

Ground-floor retail space beneath the dual-branded Hampton Inn & Homewood Suites by Hilton, with availability ranging from 1,500–6,500 SF. The premises are delivered as an open warm gray shell, giving tenants a flexible starting point for buildout, and include floor-to-ceiling storefront glass plus access to structured parking.

The property is at 414 West Vermont Street in Downtown Indianapolis, at West Vermont Street and West Street. It sits one block from the Downtown Canal and near IU Indianapolis and Purdue Indianapolis, with access to I-65 and I-70. Nearby dining, entertainment, cultural attractions, and other downtown amenities add to the surrounding commercial setting.

Key Highlights

  • 1,500–6,500 SF of ground‑floor retail space
  • Floor‑to‑ceiling storefront glass
  • Open warm gray shell ready for tenant buildout

Property Analytics

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Current Use

Bethel African Methodist ... Tour Operator Encore Rental Equipment Company Hampton Inn Indianapolis ... Hotel & Motel Starbucks Cafe & Coffee Shop Homewood Suites by ... Hotel & Motel

Suggested Use

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

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,956
Businesses Nearby

Demographics for 46202, IN

22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$18.49 /SF/Yr
Avg Asking Price
$11.71–$27.5 /SF/Yr
Price Range
8,089 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 - Open warm gray shell with storefront glazing and structured parking access.
Where is this retail space located?
The property is located at 414 West Vermont Street Indianapolis, IN.
What are key features of this property?
This property features: 1,500–6,500 SF of ground‑floor retail space; Floor‑to‑ceiling storefront glass; Open warm gray shell ready for tenant buildout
More about this property
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