517 E Walnut Street, Indianapolis, IN 46202

Building Details

Year built

1900

Listing agent Robert Butcher License #18000445,INDIANA Show Phone

Listing office Keller Williams Indy Metro NE k***@kw.com River Rd Ste 200 8555, Indianapolis, IN Show Phone

Listing date Sep 15, 2025

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MLS# 22060481

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Overview

This two-story commercial building includes a full basement and is suited for adaptable interior layouts. It is zoned C4 and is presented as versatile for a range of tenant or operator needs, including office, retail, food & beverage, personal services, and healthcare. The property also notes potential for a rooftop addition.

The building is located at 517 E Walnut Street in Indianapolis, positioned just off Massachusetts Avenue and described in connection with the Chatham Arch area. The offering is centered on the site’s flexibility under C4 zoning, paired with an opportunity to consider additional development above the existing structure.

For tenants and buyers, the C4 designation supports multiple commercial categories, which can be helpful when aligning space with a specific operating concept. With two levels plus a full basement, the building provides room to plan around front-of-house and back-of-house needs, while the referenced rooftop addition potential may appeal to users considering future expansion or reconfiguration.

Suggested Use

Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Skin Care Clinic Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.147859

Latitude

39.776349

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FAQs

What type of property is this?

Retail space - A C4 two-story building with a full basement offers flexible space for office, retail, and healthcare uses.

Where is this retail space 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: Prime location just off Massachusetts Avenue in the thriving Chatham Arch neighborhood.; Versatile C4 zoning allows for a wide range of uses: office, retail, food & beverage, personal services, and healthcare.; Potential for a rooftop addition with **spectacular skyline views**.