Fountain Square Mixed-Use 1354 S Shelby St 10,000 SF 100% Leased Retail Building Indianapolis, IN 46203 $2,382,045 CAD ($238.20 CAD/SF) 8.29% Cap Rate

MIXED-USE OFFICE
Total of ± 10,000 SF
- Five fully renovated residential apartments paired with two ground-floor retail spaces provide diversified income streams.
- Both the apartments and retail spaces have been fully updated, reducing near-term capital expenditure needs.
- Fountain Square’s continued revitalization attracts residents, retailers, and visitors, supporting long-term rental and appreciation potential.
- Value-Add Potential – Opportunity to further increase revenue through market rent adjustments and creative leasing strategies.
Prime Fountain Square Asset – Situated in the heart of one of Indianapolis’ most vibrant and growing districts, known for its dining, arts, and entertainment scene.
Versatile Commercial Space – Flexible layout ideal for retail, office, or creative studio use with potential for multiple configurations.
Strong Demographics – Surrounded by a dense and growing residential base with increasing disposable income and demand for neighborhood amenities.
Excellent Access & Parking – Convenient access from Shelby Street with nearby public parking options and walkability to Fountain Square attractions.
Investment Opportunity – Rare chance to acquire a well-located property in a rapidly appreciating submarket of Indianapolis with continued redevelopment momentum.
Prime Fountain Square Asset
Fountain Square is one of Indianapolis’ fastest-growing urban submarkets, combining historic character with a thriving commercial core. The district’s walkable streets are lined with restaurants, breweries, boutiques, and entertainment venues that draw steady foot traffic from residents and visitors alike.
Continued investment in mixed-use developments, infrastructure, and housing has created a robust live-work-play environment, making Fountain Square a prime location for businesses, retailers, and investors seeking long-term growth in Indianapolis’ urban market.
Minutes from Downtown Indianapolis
Convenient access to Monument Circle, Lucas Oil Stadium, Gainbridge Fieldhouse, and the Indiana Convention Center
Excellent Connectivity
Easy access to Interstates I-65, I-70, and I-465, providing seamless connectivity to the greater Indianapolis metropolitan area.
Local Environment
Surrounded by a growing residential base, coworking spaces, and cultural destinations that continue to draw people to the Fountain Square district.
Ongoing Area Development
Continued investment in infrastructure, streetscape improvements, and new multifamily/retail projects reinforcing Fountain Square’s status as a premier mixed-use destination.