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Retail Property with Off-Street Parking
For Sale
Contact for pricing
Pending

631-641 E Michigan St, Indianapolis, IN 46202

Well-traveled intersection retail property in the Lockerbie/Mass Ave district with off-street parking for up to 40 vehicles.

Property Size4,733 SF
Days on Market159

Property Features for 631-641 E Michigan St

General Information

Standard status Pending
Size 4,733 SF
Total Parking Spaces 40
Property subtype RETAIL

Additional Details

Business Included No
Listing Agency: Lee & Associates | Indianapolis
Listed By: Scot A Courtney · License #RB14046445
Source: Moodyscre
Added: Apr 7 Changed: Sep 11 Last Checked: Sep 12 at 6:02AM

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 Lee & Associates | Indianapolis

Investment Insights

Based on property information with market context.

The property is positioned in the Lockerbie/Mass Ave district at a well-traveled intersection, designed to provide strong visibility and traffic flow. It offers convenient access to inbound and outbound routes through the Central Business District and Mass Ave.

The surrounding area includes a high concentration of residential developments and is two blocks from the Bottleworks District. The site also provides off-street parking for up to 40 vehicles and includes the option for outdoor dining areas, supporting a flexible retail setup.

Overall, this is a retail-focused property with on-site parking capacity and opportunities to accommodate customer-facing outdoor space.

Key Highlights

  • Retail property located in the Lockerbie/Mass Ave district at a well‑traveled intersection with strong visibility and traffic flow
  • Convenient access to inbound and outbound routes through the Central Business District and Mass Ave
  • Two blocks from the Bottleworks District

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Tanning Salon Nursing Home Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,820
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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 - Well-traveled intersection retail property in the Lockerbie/Mass Ave district with off-street parking for up to 40 vehicles.
Where is this retail space located?
The property is located at 631-641 E Michigan St Indianapolis, IN.
What are key features of this property?
This property features: Retail property located in the Lockerbie/Mass Ave district at a well‑traveled intersection with strong visibility and traffic flow; Convenient access to inbound and outbound routes through the Central Business District and Mass Ave; Two blocks from the Bottleworks District
(317) 218-1038 Call to check price and availability
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