Penrose on Mass Project Listing Details & Market Data

530 Massachusetts Ave, Indianapolis, IN 46204

  • For Lease Contact for pricing
  • Property Type Retail - Strip
  • Property Size 39,000 SF
  • Date Updated Feb 4, 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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Attachments

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

Spaces Available

Contacts

broker

Beth Patterson

Bradley Company

(317) 663-6558

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (97)

  • Transit Score ®

    Good Transit (60)

  • Bike Score ®

    Biker's Paradise (97)
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  • City Indianapolis, IN
  • Neighborhood Chatham Arch and Mass Avenue
  • Zip Code 46204
  • Market Indianapolis

Points of Interest

  • Canal

    0.97 miles

  • Indianapolis Union Station

    1.01 miles

  • Methodist

    1.20 miles

  • Indiana University/Riley

    1.44 miles

  • Marathon

    0.17 miles

  • Tesla Supercharger

    0.89 miles

  • Marathon

    1.01 miles

  • Speedway

    1.12 miles

  • Marathon

    1.13 miles

  • Speedway

    1.35 miles

  • Phillips 66

    1.37 miles

  • Clark

    1.42 miles

  • Phillips 66

    1.59 miles

  • Shell

    1.60 miles

  • 429 Penn Parking

    0.27 miles

  • Pulliam Garage

    0.31 miles

  • Market District Garage

    0.43 miles

  • The Savoy

    0.51 miles

  • 301 North Illinois Street

    0.53 miles

  • Indy Flats Residential Parking

    0.66 miles

  • Circle City Residential Parking

    0.71 miles

  • Virginia Avenue Garage

    0.72 miles

  • Cityway North Car Park

    0.84 miles

  • Plaza Garage

    0.88 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

  • Pizzology

    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

  • Carson's

    0.73 miles

  • Circle Center Mall

    0.80 miles

  • Angelo's Food Market

    0.80 miles

  • Kroger Marketplace

    1.00 miles

  • Teather's Treasures

    1.26 miles

  • Wildwood Market

    1.54 miles

Contact Listing Broker

broker

Beth Patterson

Bradley Company

(317) 663-6558

  1. 1Main information
  2. 2Extra information