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Executive Summary

Prime commercial property offering exceptional flexibility and strong income potential. Recently renovated and well-maintained, this versatile building features four separate units—each with its own private bathroom—making it ideal for multi-family living, professional offices, boutique businesses, or a mixed-use investment.
Positioned in a high-visibility location, the property includes 20 on-site parking spaces and a valuable grandfathered business sign—perfect for maximizing exposure and attracting steady traffic. The C-5 zoning opens the door to a wide variety of permitted uses, giving investors and owner-occupants the freedom to adapt the space to their vision.
Whether you’re looking to generate multiple income streams, establish a thriving business hub, or expand your real estate portfolio, this property delivers unmatched potential in a sought-after setting. Opportunities like this are rare—don’t miss your chance to capitalize on its flexibility, location, and long-term upside.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,450 SF
Year Built/Renovated
1939/2024
Price
$298,306 CAD
Price Per SF
$121.76 CAD
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.15 AC
Frontage
125’ on Kentucky Avenue

Amenities

  • 24 Hour Access
  • Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Planet Fitness-Indianapolis
Kroger
Chase Bank
Rent-A-Center
Waffle House

Property Taxes

Property Taxes

Parcel Number
49-11-29-111-193.000-200
Land Assessment
$27,564 CAD
Improvements Assessment
$39,061 CAD
Total Assessment
$66,625 CAD
  • Listing ID: 40203699

  • Date on Market: 2026-04-18

  • Last Updated:

  • Address: 3135 Kentucky ave, Indianapolis, IN 46221

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