Apartment Redevelopment
For Sale
$899,900
1505 South East Street, Indianapolis, IN 46203
Corner-lot property with attached garages, dedicated parking, and C-1 zoning near Indianapolis employment and entertainment districts.
Property Size9,200 SF
Price / SF$97.82
Days on Market788
Property Features for 1505 South East Street
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Commercial Sale / Multi-Family 5+
Zoning
C-1
Amenities
Central Air
Forced Air
Yes
Unfinished
Flat, Membrane, Rubber, Shingle
Exterior Handicap Accessible
Building Details
Year Built
1900
Year Renovated
1954
Stories
2
Listing Agency:
Berkshire Hathaway Home
(317) 503-6688
Listed By:
Nathaniel Wozniak · License #RB20001683
(317) 503-6688
Source:
Compass
Added: Jul 5, 2024
Changed: Aug 29
Last Checked: Aug 31 at 12:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home
Investment Insights
Based on property information with market context.
This 9,200-square-foot property combines four connected structures with attached garages on a corner lot. The building includes four garage bays, a dedicated parking area with over 10 spaces, central air, and forced-air heating. Its current C-1 zoning supports the existing commercial classification, while the property information identifies residential redevelopment, lighter office uses, and mixed-use projects as potential directions.
The site is located at 1505 South East Street in Indianapolis, with 173 feet of frontage along East Street. It is less than 1 mile from the Eli Lilly & Co. corporate campus and the Fountain Square district, with access to I-65, I-70, and area thruways. The structure was built in 1900 and includes unfinished interior space.
The site is located at 1505 South East Street in Indianapolis, with 173 feet of frontage along East Street. It is less than 1 mile from the Eli Lilly & Co. corporate campus and the Fountain Square district, with access to I-65, I-70, and area thruways. The structure was built in 1900 and includes unfinished interior space.
Key Highlights
- 9,200‑square‑foot structure on a large corner lot
- 173 feet of frontage along East Street
- Four garage bays with attached garages
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,465
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner-lot property with attached garages, dedicated parking, and C-1 zoning near Indianapolis employment and entertainment districts.
Where is this apartment building located?
The property is located at 1505 South East Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 9,200‑square‑foot structure on a large corner lot; 173 feet of frontage along East Street; Four garage bays with attached garages
