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    200 S State Ave Indianapolis, IN 46201

    For Sale
    $150,000

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    1,550 SF
    Lot size:
    0.10 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 200 S State Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    MU2
    APN
    491007103009000101
    Size
    1,550 SF
    Lot size
    0.10 Acres

    Building Details

    Year built
    1925
    Architectural style
    Other

    eXp Realty (888) 611-3912 [email protected]

    Listing agent Summer Hudson (888) 611-3912 License #RB17001890

    Listing date Nov 24, 2025

    MLS# 22074771 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Retail Building for Sale

    This commercial building, located in a rapidly revitalizing area of Indianapolis, offers flexibility for builders, investors, and visionaries. The property is zoned MU-2, allowing for a wide range of uses, from residential builds to commercial storefronts, mixed-use concepts, live/work spaces, or an urban infill development. The building is situated in an area experiencing active neighborhood transformation, with nearby homes being renovated and modernized. The property has a size of 1550 square feet and a lot size of 0.1 acres. The MU-2 zoning allows for potential business uses. This location sets the stage for long-term value and exceptional potential. The property is located minutes from downtown Indianapolis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Flower Boys, Casablanca Flower Shop

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.130801
    Latitude
    39.763601

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    FAQs

    What type of property is this?
    Storefront property - Commercial building with redevelopment potential near downtown Indianapolis.
    Where is this storefront property located?
    The property is located at 200 S State Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - MU-2 zoning allows for diverse development options including residential, commercial, mixed-use, and live/work.; - Located in a rapidly revitalizing area of Indianapolis with active neighborhood transformation.; - Opportunity to purchase multiple parcels for a larger redevelopment footprint.
    (888) 611-3912
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    Indianapolis, IN 46201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 S State Ave Indianapolis, IN 46201
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