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Mixed-Use Property with Elevator
For Sale
$3,900,000

536 E Market Street, Indianapolis, IN 46204

Commercial Sale, Indianapolis, IN

Property SizeContact for details
Lot Size0.91 Acres
Days on Market76

Property Features for 536 E Market Street

General Information

Property type Residential
Property subtype Office
Zoning CBD-2
Parking features Gated
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Subdivision 4910 - Marion - Center
Standard status Active
APN 491101187084000101
Lot size 0.91 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Bates & Fletchers Sub L14 & 12' Vac Alley E& Adj Ol59
Legal Description Bates & Fletchers Sub L14 & 12' Vac Alley E& Adj Ol59

Amenities

elevator service
energy-efficient LED lighting throughout
new AC units within the last 5 years

Building Details

Floors in Building 3
Listing Agency: Keller Williams Indy Metro S · Keller Williams Realty
Listed By: Shelly Johnson · License #RB14043056
Added: Jun 15 Changed: Aug 28 Last Checked: Aug 29 at 9:06AM
MLS# 22108271

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use commercial property at 536 E Market Street includes elevator service, a dry sprinkler system, LED lighting, and AC units installed within the last 5 years. Tenants are in place, providing current occupancy, while the building can also support owner occupancy or future redevelopment. The property encompasses 0.91 acres and includes over 20 paved parking spaces, a gated parking area, and an additional gravel lot.

Located in Indianapolis’s Market East District, the property is minutes from Mass Ave, the Cultural Trail, Gainbridge Fieldhouse, and downtown dining. CBD-2 zoning provides for retail, office, and multifamily development uses.

Key Highlights

  • CBD‑2 zoning supports retail, office, and multifamily development
  • 0.91‑acre mixed‑use property with tenants in place
  • Elevator service, dry sprinkler system, and LED lighting throughout

Property Analytics

Current Use

Doris Research Research Institute HOPE COMMUNITY MINISTRIES ... Social Service Agency Krieg Brothers Religious ... Religious Bookstore

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Home Appliance Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

5,299
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - CBD-2 zoning supports retail, office, and multifamily development.
Where is this mixed-use property located?
The property is located at 536 E Market Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: CBD‑2 zoning supports retail, office, and multifamily development; 0.91‑acre mixed‑use property with tenants in place; Elevator service, dry sprinkler system, and LED lighting throughout
More about this property
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