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Keystone Corridor Retail Suite
For Lease
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5351 N Keystone AV, Indianapolis, IN 46220

Move-in-ready retail suite with existing buildout, offered for lease in a well-trafficked corridor location.

Space Size1,260 SF
Days on Market120

Property Features for 5351 N Keystone AV

General Information

Standard status Active
Size 1,260 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 5351 N Keystone AV
5351 N Keystone Ave $20/SF/Yr
Floor 1
Size 1,260 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- The Keystone retail corridor, one of Indianapolis’s most consistently trafficked commercial strips, is home to this 1,260 SF retail space now available for lease at 5351 N Keystone Ave within Boardwalk Shoppes, offered at $20.00 per square foot on a Triple Net basis with immediate availability and flexible lease terms of five to ten years. The space arrives in good condition with a full buildout already in place, allowing an incoming tenant to begin operations without the time or expense of a ground-up interior build. C-7 zoning and a well-established position within one of Indianapolis’s most active retail corridors give the suite strong commercial credibility and consistent daily exposure to the volume of traffic that the Keystone Avenue corridor reliably generates. For retailers and service-oriented businesses seeking a move-in-ready footprint in a high-visibility Indianapolis location with proven foot traffic and accessibility, this suite offers a practical and well-priced entry point into one of the city’s most desirable retail addresses. Contact Allies Commercial Realty for more information or to schedule a tour.
Contact us
Listing Agency: Allies Commercial Realty
Listed By: Daniel Santana · License #RB18001493
Source: Moodyscre
Added: Jun 16 Changed: Sep 14 Last Checked: Oct 12 at 10:02PM

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 Allies Commercial Realty

Investment Insights

Based on property information with market context.

This 1,260-square-foot retail space is available for lease with a full interior buildout already in place, positioned for an operator to begin without the time or expense of a ground-up interior project. The suite is described as being in good condition, and it is set up for retail use under existing improvements.

The property is located at 5351 N Keystone Ave within Boardwalk Shoppes on Indianapolis’ Keystone retail corridor. The listing notes this corridor as one of the area’s consistently trafficked commercial strips, supporting strong day-to-day visibility and convenient accessibility for shoppers.

For retailers and service-oriented businesses looking for a move-in-ready footprint, this location offers an established retail setting and C-7 zoning for compatible uses. The space is available immediately, with the offering including triple-net terms and flexible lease terms of five to ten years, providing options for both new and expanding concepts that want to open promptly in a retail-oriented address.

Key Highlights

  • 1,260 SF retail space available for lease at 5351 N Keystone Ave in Boardwalk Shoppes
  • Move‑in‑ready suite with full interior buildout already in place
  • Lease rate is $20.00 per SF on a Triple Net (NNN) basis

Property Analytics

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Open Analytics

Current Use

Smellingood Fragrances Cosmetic Store

Suggested Use

Top Pick Restaurant Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm Garden Center

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

882
Businesses Nearby

Demographics for 46220, IN

36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
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

$19.33 /SF/Yr
Avg Asking Price
$2.22–$36 /SF/Yr
Price Range
9,252 SF
Avg Space Size

This space is priced 3% above the average of $19.33 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Retail space - Move-in-ready retail suite with existing buildout, offered for lease in a well-trafficked corridor location.
Where is this retail space located?
The property is located at 5351 N Keystone AV Indianapolis, IN.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 1,260 SF retail space available for lease at 5351 N Keystone Ave in Boardwalk Shoppes; Move‑in‑ready suite with full interior buildout already in place; Lease rate is $20.00 per SF on a Triple Net (NNN) basis
(765) 635-9215 Call to check price and availability
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