Retail and Restaurant Space
For Lease
Contact for pricing
530 Massachusetts Ave, Indianapolis, IN 46204
Mixed-use property with retail and restaurant space for rent.
Space Size3,583 SF
Days on Market247
Property Features for 530 Massachusetts Ave
General Information
Standard status
Active
Size
3,583 SF
Property subtype
RETAIL
Lease Type
NNN
Spaces For Lease
at 530 Massachusetts Ave Contact us- Floor
- 1
- Size
- 3,583 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
530 Massachusetts Ave
- 39,000 square feet of retail on the first floor
- Located in the heart of Mass....
show more
Contact us
Listing Agency:
Bradley Company - Corporate
(317) 663-6000
Listed By:
Beth Patterson · License #LC10500110
(317) 663-6558
Source:
Moodyscre
Added: Jan 9
Changed: Sep 13
Last Checked: Sep 13 at 11:44AM
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 Bradley Company - Corporate
Investment Insights
Based on property information with market context.
Penrose on Mass presents a unique opportunity for retailers and restaurants seeking expansion in downtown Indianapolis. This $70-million mixed-use project features new, contemporary construction within an urban setting. The development includes 236 apartment units across four stories, complemented by 39,000 square feet of retail space. Jointly developed by John Hart of JC Hart and Strongbox, led by Paul Kite, Penrose on Mass offers on-site parking and a strong residential component within a commercial-friendly environment.
Key Highlights
- New, contemporary construction in downtown Indianapolis
- Abundant on‑site parking
- Strong residential component with 236 apartment units
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
6,817
Businesses Nearby
Explore this area
Business Placement
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use property with retail and restaurant space for rent.
Where is this retail space located?
The property is located at 530 Massachusetts Ave Indianapolis, IN.
What are key features of this property?
This property features: New, contemporary construction in downtown Indianapolis; Abundant on‑site parking; Strong residential component with 236 apartment units
