A man has been stabbed while performing a citizen's arrest, as bystanders tackled a man who was allegedly running through a shopping centre car park armed with a knife.

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Stock image of Victoria Police officers. File picture

The armed man was allegedly "acting erratically" as he ran through a car park on Lonsdale Street in Melbourne's CBD at 6am on November 6, police said.

Investigators were told that two bystanders saw the man and chased him south along Elizabeth Street, catching up with him at the corner of Lonsdale Street.

One of the bystanders, a 41-year-old man from Maddingley,

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