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Warehouse with Overhead Doors
For Sale
$120,000

1028 Vandeman Street, Indianapolis, IN 46203

Commercial Sale, Indianapolis, IN

Property SizeContact for details
Lot Size0.10 Acres
Days on Market332

Property Features for 1028 Vandeman Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning I4
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 491008100004000101
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Vandemans Prospect St Add L4
Tax Annual Amount 1400
Legal Description Vandemans Prospect St Add L4

Utilities

Utilities Natural Gas Available

Building Details

Year built 1920
Number of units 6
Listing Agency: eXp Realty, LLC
Listed By: Marcia Souers · License #RB14034797
Added: Nov 18, 2025 Changed: Sep 18 Last Checked: Oct 16 at 3:06AM
MLS# 22073970

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.

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Investment Insights

Based on property information with market context.

This warehouse package includes 1028 Vandeman Street and 3324 Prospect Street, with a combined 0.2 acres of land. The primary building provides 1,320 square feet on the ground floor plus more than 300 square feet of utility space on the second level. Two large overhead doors and one smaller overhead door support storage, workshop, or similar permitted uses. Constructed in 1920, the property has natural gas available and is zoned I4.

The site is positioned minutes from the interstate and central Indianapolis. Potential uses are subject to the Marion County Zoning Ordinance.

Key Highlights

  • 1,320‑square‑foot ground floor with more than 300 square feet of second‑level utility area
  • Two large overhead doors plus one smaller overhead door
  • Package sale includes 1028 Vandeman Street and 3324 Prospect Street

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply

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
Highway access

Location Intelligence

Trade Area within ½ mile

290
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025

Similar Off Market Nearby

  • self storage place — Indianapolis, IN 46203

Frequently Asked Questions

What type of property is this?
Warehouse - Warehouse package with workshop or storage utility, multiple overhead doors, and I4 zoning.
Where is this warehouse located?
The property is located at 1028 Vandeman Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 1,320‑square‑foot ground floor with more than 300 square feet of second‑level utility area; Two large overhead doors plus one smaller overhead door; Package sale includes 1028 Vandeman Street and 3324 Prospect Street
More about this property
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