1058 S Ewing Street Indianapolis, IN 46203
COMMERCIAL - Indianapolis, IN
Property Features for 1058 S Ewing Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- D-5 , C-7, Light Industri
- Fencing
- Chain Link
- Standard status
- Pending
- APN
- 491008113033000101
- Lot size
- 1.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Everett M Schofields Fairfield Add 2nd Sec L102 Thru L108
Building Details
- Year built
- 1962
- Floors in Building
- 1
Listing agent Sharon Stamper Thompson License #RB14044406 (317) 564-7100
Listing office Keller Williams Indy Metro NE River Rd Ste 200 8555, Indianapolis, IN (317) 564-7100
Listing date Feb 26, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The site sits on a 1.13-acre parcel and is located in downtown Indianapolis on the near southeast side. Zoning is listed as D-5 with part of the property designated C-7 in Marion County, and the comprehensive plan identifies the parcel for rezoning to light industrial. Please review the zoning with the town for the intended use.
With both enclosed space and outdoor work and storage potential, the building is well suited for commercial, contractor, storage, and light industrial uses, subject to zoning approval. The combination of drive-in access, a reception/office component, and substantial paved parking makes it practical for owner-occupants or businesses looking for an expansion site.
Key Highlights
- 1.13‑acre (49,267 SF) downtown Indianapolis near southeast side commercial/industrial site with over 3,000 SF paved parking
- 2,400 SF single‑story commercial building with a drive‑in door, reception/office area, and updated full restroom with shower plus shop half bathroom
- Separate 572 SF two‑car garage at the rear for additional covered storage or workspace
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $16.80 |
| − Vacancy | −$4.0k | −$1.68 |
| EGI | $36.3k | $15.12 |
| − OpEx | −$12.7k | −$5.29 |
| NOI | $23.6k | $9.83 |
Alternative Uses
Property Analytics
Current Use by Public Records
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