Office Building with
For Sale
$299,900
5397 E 38th Street, Indianapolis, IN 46218
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size0.23 Acres
Days on Market315
Property Features for 5397 E 38th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking features
On Street, Garage
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4905 - Marion - Warren
Standard status
Active
APN
490722110022000701
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Harrison Heights Add Pt L32 Beg Se Cor L32 N182.91 W54 S182.96 E54 To Beg 0.227 Ac.
Legal Description
Harrison Heights Add Pt L32 Beg Se Cor L32 N182.91 W54 S182.96 E54 To Beg 0.227 Ac.
Building Details
Floors in Building
1
Listing Agency:
Ron Cheeks Real Estate Group
(317) 542-7653
Listed By:
Ronald Cheeks · License #RB14028299
(317) 919-9593
Added: Nov 12, 2025
Changed: Sep 12
Last Checked: Sep 23 at 12:06PM
MLS# 22073143
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 office building is currently operated as a real estate office and includes a basement, fresh interior paint, and a two-car garage. The property carries C-1 zoning and provides garage parking along with on-street parking. The parcel encompasses 0.23 acres.
A bus line serves the property, which is positioned across from a library. The combination of an existing office setup, dedicated garage parking, basement space, and transit access defines the asset’s current commercial configuration.
A bus line serves the property, which is positioned across from a library. The combination of an existing office setup, dedicated garage parking, basement space, and transit access defines the asset’s current commercial configuration.
Key Highlights
- 0.23‑acre office property in Indianapolis
- C‑1 zoning
- Currently used as a real estate office
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
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Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Established office configuration with fresh paint, basement space, and garage parking in a C-1-zoned property.
Where is this office building located?
The property is located at 5397 E 38th Street 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: 0.23‑acre office property in Indianapolis; C‑1 zoning; Currently used as a real estate office
