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First-Floor Retail Space
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428 N East St, Indianapolis, IN 46204

Street-level commercial space with access to a 229-space parking garage and nearby pedestrian-oriented destinations.

Property Size3,126 SF
Days on Market370

Property Features for 428 N East St

General Information

Standard status Active
Size 3,126 SF
Net Rentable 2,200 SF
Total Parking Spaces 229
Property subtype RETAIL

Space & Availability

Available Space 2,200 SF
Contiguous Space 2,200 SF
Floor Ground
Space Use Retail
Listing Agency: CBRE | Indianapolis
Listed By: Dean Almas
Source: Moodyscre
Added: Jul 28, 2025 Changed: Jul 31 Last Checked: Jul 31 at 6:54PM

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 CBRE | Indianapolis

Investment Insights

Based on property information with market context.

First-floor retail space at 428 N East St with 3,126 square feet overall and 2,200 square feet available. The property includes access to a parking garage with 229 spaces and is next to the Rathskeller, connected by a shared pedestrian road.

The property is within half a mile of Mass Ave and the Bottleworks District in Indianapolis. Its first-floor configuration, available area, garage parking, and proximity to established destinations support a range of retail uses.

Key Highlights

  • 2,200 SF available within a 3,126 SF first‑floor retail space
  • Parking garage with 229 spaces
  • Next to the Rathskeller with a shared pedestrian road

Property Analytics

Current Use

Retail space

Suggested Use

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,431
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$17.98 /SF/Yr
Avg Asking Price
$11.43–$27.5 /SF/Yr
Price Range
4,109 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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Street-level commercial space with access to a 229-space parking garage and nearby pedestrian-oriented destinations.
Where is this retail space located?
The property is located at 428 N East St Indianapolis, IN.
What are key features of this property?
This property features: 2,200 SF available within a 3,126 SF first‑floor retail space; Parking garage with 229 spaces; Next to the Rathskeller with a shared pedestrian road
(317) 844-5313 Call to check price and availability
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