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    5397 E 38Th St Indianapolis, IN 46218

    For Sale
    $299,900

    Business - Indianapolis, IN

    Type:Business
    Property size:
    2,964 SF
    Lot size:
    0.23 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 5397 E 38Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    C-1
    APN
    490722110022000701
    Parking features
    Garage, On Street
    Size
    2,964 SF
    Lot size
    0.23 Acres

    Building Details

    Architectural style
    Other

    Ron Cheeks Real Estate Group (317) 542-7653 [email protected]

    Listing agent Ronald Cheeks (317) 542-7653 License #RB14028299

    Listing date Nov 14, 2025

    MLS# 22073143 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 Commercial Property For Sale

    This commercial property, currently used as a real estate office, presents various possibilities for alternative uses. The property is situated on a bus line and is located across from a library. The building has been freshly painted and includes a basement and a 2-car garage. The lot size is 0.23 acres. The property size is 2964 square feet. The zoning is C-1. The property is located in Indianapolis, Indiana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ron Cheeks Real ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.077025
    Latitude
    39.82514

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    FAQs

    What type of property is this?
    Office space - Commercial property in Indianapolis, located on bus line.
    Where is this office space located?
    The property is located at 5397 E 38Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Convenient location on bus line.; - Includes a **2-car garage**.; - Across from library.
    (317) 542-7653
    Request Owner's contact information
    5397 E 38Th St Indianapolis, IN 46218
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    Indianapolis, IN 46218
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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
    5397 E 38Th St Indianapolis, IN 46218
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