Fountain Square Redevelopment
1628 Bates Street, Indianapolis, IN 46201
Industrial - Indianapolis, IN
Type:Industrial
Property size:
6,232 SFLot size:
0.46 AcresPrice / SF:
$224/SF- Added:
- Mar 18, 2026
- Days on Market:
- 73
- Last Refresh:
- May 29 at 5:06 pm
Property Features for 1628 Bates Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Industrial
- Zoning
- I3
- Standard status
- Active
- APN
- 491007106004000101
- Size
- 6,232 SF
- Lot size
- 0.46 Acres
Building Details
- Year built
- 1908
- Architectural style
- Other
Listing agent Garrett Lawton License #RB20000424 (317) 410-8851
Listing office Trueblood Real Estate North Street Suite 350, Fishers, IN (317) 288-5148
Listing date Mar 18, 2026
MLS# 22090477
Listing URL
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.
HighLights
- Prime location in the highly desirable and rapidly growing Fountain Square neighborhood.
- Excellent opportunity for redevelopment, new construction, or buy‑and‑hold investment.
- Proximity to downtown Indianapolis, the Fountain Square commercial corridor, and major commuter routes.
- Situated in an area with continued infill development and revitalization.
- New roof system, gutters, and roll‑up garage door being installed.
- Sale includes multiple lots: 49‑10‑07‑106‑001.000‑101, 49‑10‑07‑106‑002.000‑101, 49‑10‑07‑106‑003.000‑101, 49‑10‑07‑106‑004.000‑101, and 49‑10‑07‑106‑007.000‑101.
Overview
Located in the Fountain Square neighborhood, the property at 1628 Bates St. offers an opportunity for investors or developers. The property is situated in an area with renovated homes and new construction, near downtown, the Fountain Square commercial corridor, and major commuter routes. The location offers potential for redevelopment projects, new build sites, or a strategic buy-and-hold investment. The lot offers upside in a neighborhood with infill development and revitalization. A new roof system, gutters, and roll up garage door are being installed on the main building. Painting and tuckpointing on this building are also underway. The sale includes lots 49-10-07-106-001.000-101, 49-10-07-106-002.000-101, 49-10-07-106-003.000-101, 49-10-07-106-004.000-101, and 49-10-07-106-007.000-101. The property is zoned I3 and has a size of 6232 square feet on a lot of 0.46 acres.
Location Intelligence
Current Use by Public Records
FGN Fitness
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.131323
- Latitude
- 39.762239
Nearby Similar for Sale
FAQs
What type of property is this?
Specialty property - Prime investment in Indianapolis's active growth corridor near downtown.
Where is this specialty property located?
The property is located at 1628 Bates Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location in the highly desirable and rapidly growing Fountain Square neighborhood.; Excellent opportunity for redevelopment, new construction, or buy‑and‑hold investment.; Proximity to downtown Indianapolis, the Fountain Square commercial corridor, and major commuter routes.
