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    3135 Kentucky Ave Indianapolis, IN 46221

    Pending
    For Sale
    $224,900

    Mixed Use - Indianapolis, IN

    Type:Mixed Use
    Property size:
    2,000 SF
    Lot size:
    0.20 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 3135 Kentucky Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    Zoning
    C-5
    APN
    491129111193000200
    Size
    2,000 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1939
    Roof type
    Asphalt
    Architectural style
    Other

    Curb Appeal Realty, LLC (317) 281-8129 [email protected]

    Listing agent Dianna Clampitt (317) 281-8129 License #RB14026460

    Listing date Oct 26, 2025

    MLS# 21968016 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

    Renovated Mixed-Use Property, Indianapolis

    This versatile commercial property in Indianapolis, Indiana, is designed to accommodate various business needs. The property features four individual office spaces, each equipped with its own dedicated bathroom facilities. The 2,000 square foot property has been recently renovated, including new flooring, new windows, and fresh paint. The flexible space is suitable for both startups and established businesses. The property's current zoning is C-5, which allows for auto sales. The property is situated in a prime location with ample traffic flow. The 0.2-acre lot also includes a basement that can be finished for additional space. The property offers the opportunity to run a business in one space and rent out the other three.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.231251
    Latitude
    39.717385

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial property with four office spaces and dedicated bathrooms.
    Where is this mixed-use property located?
    The property is located at 3135 Kentucky Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: - Four individual office spaces, each with a dedicated bathroom.; - Completely renovated with new flooring, windows, and paint.; - Prime location with ample traffic flow.
    (317) 281-8129
    Request Owner's contact information
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    Indianapolis, IN 46221
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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
    3135 Kentucky Ave Indianapolis, IN 46221
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