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    530 Massachusetts Ave Indianapolis, IN 46204

    Sponsored
    For Lease
    Contact for pricing

    Prime Mass Ave location, new construction

    Lot size:
    39,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located at 530 Massachusetts Avenue in Indianapolis, Indiana, within the vibrant Penrose on Mass project. This mixed-use development boasts 236 residential units, creating a strong built-in customer base for your business. The property offers a total of 39,000 square feet of retail space, spread across four stories, with ample parking for 373 vehicles. Two spaces are currently available, providing flexibility for businesses of varying sizes. One space offers a minimum of 2,853 square feet, while the other offers a maximum contiguous space of 6,702 square feet. A total of 9,555 square feet is currently vacant. This new, contemporary construction provides a unique opportunity for retailers and restaurants seeking a prime location in the heart of downtown Indianapolis. The commercial-friendly environment, combined with the substantial residential component and convenient parking, makes this an unparalleled opportunity in an urban setting. The property is situated in Marion County, Indiana, with a zip code of 46204. This is a rare chance to establish a presence in a thriving, upscale mixed-use development. The building's modern design and convenient amenities are sure to attract a diverse clientele.

    Property Features for 530 Massachusetts Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,000 SF

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Suite 100
    Size
    6,702 SF
    Space
    Suite 170
    Size
    2,853 SF

    HighLights

    • 39,000 SF of ground‑floor retail space.
    • Prime Mass Ave location.
    • Attractive brick, stone, and metal exterior façade.
    • 236 residential units on‑site.
    • Unique architectural design.
    • 20' clear ceiling height with mezzanine potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Club Pilates Pilates Studio Eat The Frog Fitness ... Gym Penrose on Mass Ave ... Apartment Building Old National Bank Bank Dollar General Dollar Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1499074
    Latitude
    39.7748769

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    FAQs

    What type of property is this?
    Retail property - Prime Mass Ave location, new construction
    Where is this retail property located?
    The property is located at 530 Massachusetts Ave Indianapolis, IN.
    What are key features of this property?
    This property features: 39,000 SF of ground-floor retail space.; Prime Mass Ave location.; Attractive brick, stone, and metal exterior façade.
    Request Owner's contact information
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    Indianapolis, IN 46204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    530 Massachusetts Ave Indianapolis, IN 46204
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