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517 E Walnut Street

Indianapolis, IN 46202

ActiveListed Sep 15, 2025 · 111 days on market

Key facts

Living area
9,400 sqft
Lot
0.08 acres
Year built
1900
Type
Commercial Sale · Retail
MLS #
22060481
County
Marion
Total building area
9,400 sqft

About this home

Located just off Massachusetts Avenue in Indianapolis' thriving Chatham Arch neighborhood, this versatile 2-story building with a full basement offers exceptional flexibility for a variety of uses. Zoned C4, it can accommodate office, retail, food & beverage, personal services, and healthcare. The property also offers potential for a rooftop addition with spectacular skyline views, making it an ideal opportunity for investors or operators seeking a high-visibility location in one of the city's most dynamic districts.

Description provided by the listing brokerage.

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
C4

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$16,544 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$14,856per month, estimated
Principal and interest $12,602Property tax $1,379Insurance $875
20% · $500,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$2,500,000
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