# 517 E Walnut Street, Indianapolis, IN 46202

> **TL;DR:** commercial, $2,500,000 ($266/sqft), built 1900, 9,400 sqft. Est. $10,833/mo. Listed 207 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,500,000 |
| Price/sqft | $266 |
| Square Feet | 9,400 |
| Year Built | 1900 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 207 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $10,833 |
| **Total** | **$10,833** |

## Property Highlights

- Built in 1900
- 0.08 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 517 E Walnut Street, Indianapolis, IN 46202
- **County:** Marion
- **Coordinates:** 39.776349, -86.147859
- **Google Maps:** https://www.google.com/maps?q=39.776349,-86.147859

## Listing Agent

- **Name:** Robert Butcher
- **Brokerage:** Keller Williams Indy Metro NE
- **Phone:** 3172812514
- **Email:** rbutcher@g2reg.com

## Primary Photo

![517 E Walnut Street - Primary Photo](http://lh.rdcpix.com/a22ec69a65042d9dc82ce2b9efb028b3l-f214186302r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/517-e-walnut-street-indianapolis-in-46202-22060481)*

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**MLS#:** 22060481 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/517-e-walnut-street-indianapolis-in-46202-22060481)

---

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