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Commercial Land with Existing Buildings

1505 S East Street, Indianapolis, IN 46225

For Sale
$399,900

C-1-zoned property pairs several connected buildings with on-site parking along East Street.

Property Size9,200 SF
Price / SF$43.47
Days on Market761

Property Features for 1505 S East Street

General Information

Standard status Active
Size 9,200 SF
Property subtype Commercial
Zoning C-1

Site & Location

Neighborhood Near Southside

Amenities

Exterior Handicap Accessible

Building Details

Building Size 9,200 SF
Year Built 1900
Stories 2
Units 5
Listing Agency: Berkshire Hathaway Home
Listed By: Nathaniel Wozniak · License IN RB20001683
Source: Johnsonrealtysource
Added: Oct 15, 2024 Changed: Nov 11 Last Checked: Nov 13 at 8:31AM

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

Rey
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Investment Insights

Based on property information with market context.

This C-1-zoned commercial parcel covers approximately 0.60 acres and has 173 feet of frontage on East Street. Four connected structures provide approximately 9,200 square feet in total, with four garage bays and dedicated on-site parking. The buildings date to 1900.

The property is in the Bates-Hendricks neighborhood, less than one mile from Eli Lilly’s corporate campus and the Fountain Square district. Downtown employment centers are also identified as part of the surrounding context.

The existing improvements and commercial zoning are the defining features of this land offering. Any future project would be subject to applicable zoning and municipal approvals.

Key Highlights

  • Approximately 0.60 acres with 173 feet of frontage on East Street
  • Approximately 9,200 square feet across four connected structures
  • Four garage bays and dedicated on‑site parking

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Commercial land

Suggested Use

Top Pick Law Firm HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Daycare Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby

Demographics for 46225, IN

6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Indianapolis

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - C-1-zoned property pairs several connected buildings with on-site parking along East Street.
Where is this commercial land located?
The property is located at 1505 S East Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Approximately 0.60 acres with 173 feet of frontage on East Street; Approximately 9,200 square feet across four connected structures; Four garage bays and dedicated on‑site parking
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