Two-Story Storefront
For Sale
$2,500,000
517 E Walnut Street, Indianapolis, IN 46202
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size0.08 Acres
Days on Market360
Property Features for 517 E Walnut Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
C4
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4910 - Marion - Center
Standard status
Active
APN
491101168013000101
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Woods Sub 37.25Ft W Side L26 Ol41
Legal Description
Woods Sub 37.25Ft W Side L26 Ol41
Building Details
Year built
1900
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
(317) 564-7100
Listed By:
Robert Butcher · License #18000445,INDIANA
(317) 281-2514
Added: Sep 15, 2025
Changed: Sep 1
Last Checked: Sep 9 at 11:06AM
MLS# 22060481
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900, this two-story commercial building includes a full basement and is classified as a storefront property. The C4 zoning supports office, retail, food and beverage, personal service, and healthcare uses, providing a range of documented commercial applications.
The property occupies 0.08 acres at 517 E Walnut Street in Indianapolis, just off Massachusetts Avenue in the Chatham Arch neighborhood. A rooftop addition is identified as a potential future improvement, with skyline views noted from the property.
The property occupies 0.08 acres at 517 E Walnut Street in Indianapolis, just off Massachusetts Avenue in the Chatham Arch neighborhood. A rooftop addition is identified as a potential future improvement, with skyline views noted from the property.
Key Highlights
- Two‑story commercial building constructed in 1900
- Full basement included
- C4 zoning supports office, retail, food and beverage, personal services, and healthcare
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,102
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - C4-zoned commercial property with basement space and flexibility for retail, office, food and beverage, or service uses.
Where is this storefront property located?
The property is located at 517 E Walnut Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑story commercial building constructed in 1900; Full basement included; C4 zoning supports office, retail, food and beverage, personal services, and healthcare
