Two-Story Retail/Office
For Sale
$2,500,000
517 E Walnut Street, Indianapolis, IN 46202
SINGLE_FAMILY - Indianapolis, IN
Property SizeContact for details
Lot Size0.08 Acres
Days on Market325
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) 564-7100
Added: Sep 15, 2025
Changed: Jun 16
Last Checked: Aug 5 at 1:06AM
MLS# 22060481
Copyright © 2026 MIBOR Service Corporation. 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.
Located at 517 E Walnut Street in Indianapolis, this two-story building includes a full basement and is zoned C4. The property is described as versatile, with zoning-supported flexibility for office, retail, food & beverage, personal services, and healthcare uses.
The building is positioned just off Massachusetts Avenue in Indianapolis’ Chatham Arch neighborhood. The listing also notes potential for a rooftop addition.
Overall, the existing two-story layout with basement support provides options for tenants or operators seeking a C4-configured space in a downtown-adjacent commercial district.
The building is positioned just off Massachusetts Avenue in Indianapolis’ Chatham Arch neighborhood. The listing also notes potential for a rooftop addition.
Overall, the existing two-story layout with basement support provides options for tenants or operators seeking a C4-configured space in a downtown-adjacent commercial district.
Key Highlights
- 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.
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 Office 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 - Two-story building with a full basement, zoned C4, offering flexible retail and office use possibilities.
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: 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**.
