2938 E Michigan Street, Indianapolis, IN 46201

Building Details

Year built

1900

Architectural style

Other

Listing agent Ely Berger License #RB25001754 Show Phone

Listing office The Modglin Group r***@themodglingroup.com S Emerson Ave Ste 120, Greenwood, IN Show Phone

Listing date Apr 15, 2026

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MLS# 22095780 Listing URL

Copyright © 2026 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.

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Overview

This duplex property is being sold as-is and requires renovation due to fire damage mainly on the right side. The condition offers a clean starting point for a full rehab, including demolition and rebuilding as needed, so an owner can revisit the layout, finishes, and overall design.

The address is 2938 E Michigan Street in Indianapolis, Indiana 46201, in Marion County. The remarks note proximity to downtown Indianapolis, which may support plans for a centrally located residential rental or resale strategy once restored.

For investors and experienced rehabbers, this structure can be approached as a gut rehab project with the flexibility to redesign the interior plan and select new finishes throughout. The duplex format may also appeal to buyers looking to restore a two-unit configuration and bring the property back to market-ready condition. Cash or hard money financing is preferred, and the seller has noted that a quick close is available. Prospective buyers should bring their contractor to review the scope of work based on the existing fire-damaged condition before submitting an offer.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.113965

Latitude

39.77472

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FAQs

What type of property is this?

Duplex - Duplex sold as-is with fire damage mainly on the right side, ideal for a gut renovation and redesign.

Where is this duplex located?

The property is located at 2938 E Michigan Street Indianapolis, IN.

What is the asking price?

The asking price for this property is $50,000.

What are key features of this property?

This property features: Value‑add opportunity: Fire damage allows for complete renovation and customization.; Strong rental demand offers excellent upside potential after renovation.; Proximity to downtown Indianapolis provides convenient access to amenities.