Log In/Sign Up
Your email has been sent.
1505 S East St
Indianapolis, IN 46225
Office Property For Sale
Investment Highlights
- Features a dedicated parking lot with over 10 spaces and four garage bays for added convenience
- Accessibility via I-65 and I-70
- The floor plan consists of four combined structures plus attached garages.
- Good redevelopment opportunity into Multifamily
Executive Summary
Recent price drop to $399,900, highly motivated seller, ready for a quick close. Ready to accept cash or cash-equivalent offers.
Prime commercial property ideally situated in the vibrant Bates-Hendricks neighborhood on the south side of Indianapolis. Located less than 1 mile from Eli Lilly & Co. Corporate Campus and the thriving Fountain Square district, the property offers easy access to major interstates (I-65 & I-70) and thruways, ensuring convenient travel to any Indianapolis destination. This expansive 9,200 square-foot structure sits on a large corner lot with 173 feet of frontage along East Street. Currently zoned C-1. With limitless potential, this asset is ideal for a variety of uses, including residential redevelopment or mixed-use projects. The combination of a prime location, visibility, and accessibility make this property a standout investment opportunity in one of the city's most dynamic areas.
Prime commercial property ideally situated in the vibrant Bates-Hendricks neighborhood on the south side of Indianapolis. Located less than 1 mile from Eli Lilly & Co. Corporate Campus and the thriving Fountain Square district, the property offers easy access to major interstates (I-65 & I-70) and thruways, ensuring convenient travel to any Indianapolis destination. This expansive 9,200 square-foot structure sits on a large corner lot with 173 feet of frontage along East Street. Currently zoned C-1. With limitless potential, this asset is ideal for a variety of uses, including residential redevelopment or mixed-use projects. The combination of a prime location, visibility, and accessibility make this property a standout investment opportunity in one of the city's most dynamic areas.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
9,200 SF
Building Class
C
Year Built
1954
Price
$551,566 CAD
Price Per SF
$59.95 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,600 SF
Building FAR
0.36
Lot Size
0.59 AC
Zoning
C-1 - Mixed-use, commercial
Parking
35 Spaces (3.8 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 49-11-13-168-027.000-101 | Improvements Assessment | $538,498 CAD |
| Land Assessment | $80,662 CAD | Total Assessment | $619,160 CAD |
Property Taxes
Parcel Number
49-11-13-168-027.000-101
Land Assessment
$80,662 CAD
Improvements Assessment
$538,498 CAD
Total Assessment
$619,160 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
