Indianapolis Specialty for Sale - Beech Grove/SE County
1001 Hosbrook Street presents a versatile canvas for a dream redevelopment project, converting historic property into a multi-use building serving Indianapolis’ vibrant Fountain Fletcher District.
Situated adjacent to Fountain Square, this one-of-a-kind property spans a total of 6,765 square feet across three floors and a mezzanine. The exteriors provide excellent curb appeal, with a well-maintained brick façade, beautiful stained-glass windows, and an eye-catching bell tower. The interiors have been emptied, and the building is ready for remodeling, with all systems removed.
The property is situated on a 0.24-acre lot at the corner of Hosbrook and Grove Avenue and is equipped with sidewalks, curb cuts, a concrete walkway from the street, and an on-site parking lot with approximately 19 surface spaces. The parking lot can be included in the redevelopment footprint, and the site has been rezoned as Mixed-Use (MU-1), allowing for a wide variety of potential projects at the location.
1001 Hosbrook Street provides an ideal choice for the creation of a slick, contemporary boutique hostel and event space, with all architectural and engineering plans available for the new owner. The plans allow for several social and event spaces, a large outdoor patio with a fire pit, and both private and bunk beds. Additional features include a dining area for up to 30 guests, a communal space, a full kitchen, multiple restrooms, laundry facilities, and storage space.
In addition to the included plans, the site offers rich potential for a wide range of other commercial uses. The new owner will enjoy the flexibility to utilize the space for coworking offices, health and fitness studios, medical offices, as well as art, music, or dance studios.
The Fountain Fletcher District offers a compelling environment for new business and investment that benefits a new owner of 1001 Hosbrook Street. Sitting less than 10 minutes from downtown, this lively neighborhood is known for its walkable streets lined with quaint shops, popular restaurants, art galleries, and music venues. The area is easily accessible for clients and staff from across the greater metro area, placed immediately off the interchange of Interstates 65 and 70, with several Red Line bus stations within walking distance. Growth in the area is fueled by a 5-mile population of more than 121,000 that has increased by 12% since 2020. These residents contributed more than $2.7 billion in consumer spending during 2024, providing strong support for local businesses.
Owner will carry. For all questions, please reach out to the following phone numbers:
303-520-6727
720-280-6524
561-236-6782
561-312-6606
