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Retail Space in Lockerbie Square
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631 E Michigan Street, Indianapolis, IN 46204

Retail property in high-traffic Lockerbie Square with parking.

Property Size4,733 SF
Days on Market191

Property Features for 631 E Michigan Street

General Information

Standard status Active
Size 4,733 SF
Property subtype Retail

Building Details

Year Built 1930
Listing Agency: Lee & Associates - Indianapolis
Listed By: Scot Courtney · License #RB14005117
Source: Lee-associates
Added: Jan 26 Changed: Jul 6 Last Checked: Aug 4 at 5:40AM

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.

Located in the Lockerbie/Mass Ave district, this retail property benefits from a well-traveled intersection, offering strong visibility and traffic flow. The location provides convenient access to inbound and outbound routes through the Central Business District and Mass Ave. The surrounding area features a high concentration of residential developments and is situated two blocks from the Bottleworks District. The property offers off-street parking for up to 40 vehicles and the option for outdoor dining areas. The property size is 4733 square feet.

Key Highlights

  • Prime location in the Lockerbie/Mass Ave district with high visibility and traffic flow.
  • Convenient access to inbound/outbound routes and proximity to the Central Business District and Mass Ave.
  • Located near a high concentration of residential developments and two blocks from the Bottleworks District.

Property Analytics

Current Use

Emergency Veterinarian Indianapolis Veterinary Clinic

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 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

Market

Properties on Market for Retail properties & Spaces in Indianapolis

Feb
Mar
Apr
May
Jun
Jul

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail property - Retail property in high-traffic Lockerbie Square with parking.
Where is this retail property located?
The property is located at 631 E Michigan Street Indianapolis, IN.
What are key features of this property?
This property features: Prime location in the Lockerbie/Mass Ave district with high visibility and traffic flow.; Convenient access to inbound/outbound routes and proximity to the Central Business District and Mass Ave.; Located near a high concentration of residential developments and two blocks from the Bottleworks District.
More about this property
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