Penrose on Mass Project

For Lease

530 Massachusetts Ave, Indianapolis, IN 46204

You can currently find 2 retail space(s) available for lease at Penrose on Mass Project. Designated use type for space listed here includes retail. Current retail listings at this property total 9,555 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Penrose on Mass Project.

Space Available For Lease 2

Contacts

broker

Beth Patterson

Bradley Company

Property Details

  • Property Type Retail - Strip
  • Property Size 39,000 SF
  • Additional Rent Contact for pricing
  • Date Updated Sep 6, 2024
The new Penrose on Mass project offers retailers and restaurants, looking to expand in downtown Indianapolis, a unique opportunity that they rarely find in an urban setting: new, contemporary construction; plenty of on-site parking and a strong residential component all in a commercial-friendly environment. The $50-million, mixed-use Penrose on Mass project in downtown Indianapolis includes 4-stories of apartments (236 units) and 39,000 square feet of retail being jointly developed by John Hart of JC Hart and Strongbox, lead by Paul Kite.The new Penrose on Mass project offers retailers and restaurants, looking to expand in downtown Indianapolis, a unique opportunity that they rarely find in an urban setting: new, contemporary construction; plenty of on-site parking and a strong residential component all in a commercial-friendly environment. The $50-million, mixed-use Penrose on Mass project in downtown Indianapolis includes 4-stories of apartments (236 units) and 39,000 square feet of retail being jointly developed by John Hart of JC Hart and Strongbox, lead by Paul Kite.

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Highlights

  • 39,000 square feet of retail on the first floor
  • Located in the heart of Mass. Avenue
  • Mix of brick, stone and metal paneling along Mass Ave.
  • 236 apartment units
  • Signature architecture
  • 20’ clear ceiling heights allowing for mezzanines
  • Outdoor patio capability
  • Rear covered delivery
  • 373 total garage spaces, 200 specifically for retail and an additional 45 new street parking spaces for retail use as well

Attachments

Getting around

  • 97/100

    Walk Score ®

  • 60/100

    Transit Score ®

  • 97/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Indianapolis, IN
  • Neighborhood Chatham Arch and Mass Avenue
  • Zip Code 46204
  • Market Indianapolis

Points of Interest

  • Marathon

    0.17 miles

  • BP

    0.37 miles

  • ChargePoint

    0.62 miles

  • Tesla Supercharger

    0.89 miles

  • Speedway

    1.12 miles

  • GoLo

    1.37 miles

  • Clark

    1.42 miles

  • Shell

    1.60 miles

  • Tesla Destination Charger

    1.96 miles

  • Electrify America

    6.23 miles

  • 429 Penn Parking

    0.27 miles

  • Pulliam Garage

    0.31 miles

  • Market District Garage

    0.44 miles

  • The Savoy

    0.51 miles

  • 301 North Illinois Street

    0.53 miles

  • City Park

    0.60 miles

  • Indy Flats Residential Parking

    0.66 miles

  • Circle City Residential Parking

    0.71 miles

  • Virginia Avenue Garage

    0.72 miles

  • North Capitol Surface Lot

    0.73 miles

  • LouVino Indianapolis Mass Ave Restaurant & Wine Bar

    0.02 miles

  • Goodfellas Mass Ave

    0.03 miles

  • Condado Tacos

    0.04 miles

  • Nine Irish Brothers

    0.05 miles

  • Salt on Mass

    0.06 miles

  • Fat Dan's Deli

    0.06 miles

  • The Rathskeller

    0.08 miles

  • Oishi Sushi and Ramen

    0.09 miles

  • Union 50

    0.10 miles

  • Petra Cafe

    0.11 miles

  • Dollar General Market

    0.03 miles

  • Needler's Fresh Market

    0.22 miles

  • Whole Foods Market

    0.45 miles

  • Kroger

    0.67 miles

  • TJ Maxx

    0.71 miles

  • Carson's

    0.73 miles

  • Circle Center Mall

    0.80 miles

  • Angelo's Food Market

    0.80 miles

  • Teacher's Treasures

    1.26 miles

  • Dear Mom

    1.43 miles

530 Massachusetts Ave Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    530 Massachusetts Ave is located in Chatham Arch and Mass Avenue, which is home to a total of 5 listing(s). The rent for retail space at 530 Massachusetts Ave is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • The property includes 9,555 square feet of retail space for lease. Of this total, 9,555 square feet are Retail.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Chatham Arch and Mass Avenue is 31. The average household income here is $72,156 per year.

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

Beth Patterson

Bradley Company

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