Map of Property

517 E Walnut St, Indianapolis

For Sale

517 East Walnut Street, Indianapolis, IN 46202

This Indianapolis property for sale is located at 517 East Walnut Street. The current listed sale price for 517 E Walnut St, Indianapolis is $2,500,000.

Contacts

broker
Robert Butcher

KW Commercial | Indy Metro Northeast | Robert Butcher

Property Details

  • Property Type Retail - Restaurant
  • Property Size 9,400 SF
  • Year Built 1900
  • Date Updated Sep 9, 2025

**Prime Commercial Property off of Mass Ave. in Indianapolis’ Chatham Arch Neighborhood**

Located just off Massachusetts Avenue, this versatile 2-story building with a full basement offers approximately 8,000 square feet of flexible space. The property is situated in the vibrant Chatham Arch Neighborhood, an area experiencing significant growth and development, particularly along the Massachusetts Avenue corridor, which is renowned for its entertainment, business, and cultural amenities.

 Zoned C4 and currently operating as a furniture and home store, the property supports a wide range of uses, including Community, Healthcare, Business(Office), Home, Personal Services, Food & Beverage, and Retail Sales.  An added feature is the potential for a rooftop addition, offering spectacular views of the Indianapolis skyline, ideal for creating a landmark or unique space.

With its prime location on a bustling corridor and its adaptable layout, this property presents a compelling opportunity for investors or operators looking to establish a presence in one of Indianapolis’ most dynamic neighborhoods.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 95/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 96/100

    Bike Score ®

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Location

  • City Indianapolis, IN
  • Neighborhood Chatham Arch and Mass Avenue
  • Zip Code 46202
  • Market Indianapolis

Points of Interest

  • Marathon

    0.32 miles

  • BP

    0.48 miles

  • ChargePoint

    0.76 miles

  • Tesla Supercharger

    1.04 miles

  • Speedway

    1.08 miles

  • Clark

    1.29 miles

  • GoLo

    1.31 miles

  • Shell

    1.59 miles

  • Tesla Destination Charger

    2.03 miles

  • Electrify America

    6.26 miles

  • 429 Penn Parking

    0.41 miles

  • Pulliam Garage

    0.46 miles

  • Market District Garage

    0.55 miles

  • Indy Flats Residential Parking

    0.63 miles

  • The Savoy

    0.64 miles

  • 301 North Illinois Street

    0.67 miles

  • Circle City Residential Parking

    0.67 miles

  • City Park

    0.74 miles

  • Virginia Avenue Garage

    0.85 miles

  • North Capitol Surface Lot

    0.87 miles

  • Petra Cafe

    0.04 miles

  • Union 50

    0.06 miles

  • Oishi Sushi and Ramen

    0.06 miles

  • Mesh

    0.09 miles

  • Thaitanium

    0.10 miles

  • Condado Tacos

    0.11 miles

  • Nine Irish Brothers

    0.11 miles

  • Livery

    0.12 miles

  • Forty Five Degrees

    0.14 miles

  • Goodfellas Mass Ave

    0.16 miles

  • Dollar General Market

    0.17 miles

  • Needler's Fresh Market

    0.36 miles

  • Whole Foods Market

    0.58 miles

  • Kroger

    0.79 miles

  • TJ Maxx

    0.86 miles

  • Carson's

    0.87 miles

  • Angelo's Food Market

    0.88 miles

  • Circle Center Mall

    0.94 miles

  • Teacher's Treasures

    1.12 miles

  • Dear Mom

    1.30 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Robert Butcher

KW Commercial | Indy Metro Northeast | Robert Butcher

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