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205 Palmer St Indianapolis, IN 46225

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For Sale
$799,000

Industrial building with manufacturing history, close to downtown Indianapolis.

Building Details

Year built
1972

Source: JoLynn Shallop Wright Agent JoLynn Shallop Wright

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Industrial Building Near Downtown Indianapolis

Located in the Old Southside near Lily Corporate Campus and Lucas Oil Stadium, this industrial building with a manufacturing history offers a great location for various uses, including animal boarding, artisan food and beverage, restaurants, artist studios, entertainment venues, retail, office space, or potential industrial applications. The property is situated along the Graffiti Trail and is approximately one mile from the I-70 and I-65 interchanges. It features space for approximately 31 on-site parking spaces, in addition to street parking. The property includes five dock doors and a fenced yard area with a covered dock. Zoned C-S, the property allows for all C-1 and C-3 uses, artist studios, art marketplaces, and accessory indoor entertainment venue or banquet facilities, following a 2022 rezoning from I-4 to CS. The first floor comprises 21,650 square feet, with an additional usable basement of 16,288 square feet. The west wing of the building was constructed in the 1850s, while the east wing was built in 1927. The east and west wings were combined by loading docks in the mid-1960s.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Indy Walls Art Center The Marilyn Rose Center Art Gallery

Suggested Use

Realty agency Law Firm Restaurant 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
-86.154825
Latitude
39.745514

FAQs

What type of property is this?
Manufacturing property - Industrial building with manufacturing history, close to downtown Indianapolis.
Where is this manufacturing property located?
The property is located at 205 Palmer St Indianapolis, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: - Excellent location in the Old Southside, near Lily Corporate Campus, Lucas Oil Stadium, and major interstates.; - Flexible C-S zoning supports a wide range of uses.; - Substantial space: **21,650 SF on the first floor plus a 16,288 SF usable basement.**
More about this property
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