# 517 E Walnut Street, Indianapolis, IN 46202

> **TL;DR:** commercial, $2,500,000, built 1900. Est. $13,370/mo. Listed 354 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,500,000 |
| Year Built | 1900 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Property Type | Commercial (Retail) |
| Status | Active |
| Days on Market | 354 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $12,641 |
| Estimated Insurance | $729 |
| **Total** | **$13,370** |

## 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:** Indy Metro Northeast dba Keller Williams Realty
- **Phone:** (317) 564-7100
- **Broker Phone:** (317) 564-7100

## Photos

![517 E Walnut Street - Photo 1](http://lh.rdcpix.com/0993f70cc4c7add3e15e4e31ab63b65al-f214186302r.jpg)

![517 E Walnut Street - Photo 2](http://lh.rdcpix.com/0993f70cc4c7add3e15e4e31ab63b65al-f1200773703r.jpg)

![517 E Walnut Street - Photo 3](http://lh.rdcpix.com/0993f70cc4c7add3e15e4e31ab63b65al-f819537543r.jpg)

![517 E Walnut Street - Photo 4](http://lh.rdcpix.com/0993f70cc4c7add3e15e4e31ab63b65al-f595977787r.jpg)

![517 E Walnut Street - Photo 5](http://lh.rdcpix.com/0993f70cc4c7add3e15e4e31ab63b65al-f924757175r.jpg)

![517 E Walnut Street - Photo 6](http://lh.rdcpix.com/0993f70cc4c7add3e15e4e31ab63b65al-f661157597r.jpg)

![517 E Walnut Street - Photo 7](http://lh.rdcpix.com/0993f70cc4c7add3e15e4e31ab63b65al-f1719321067r.jpg)

---

**MLS#:** 22060481 | **Updated:** 2026-07-02
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. 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.ai/listing/517-e-walnut-street-indianapolis-in-46202-22060481)

---

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