Highly Visible Corner Mixed-Use
For Sale
$729,000
1701 Prospect St, Indianapolis, IN 46203
Corner mixed-use property with two leased commercial spaces and three upstairs apartments, plus secure rear parking and updated mechanicals.
Property SizeContact for details
Days on Market126
Property Features for 1701 Prospect St
General Information
Standard status
Active
Property subtype
Residential Income
Zoning
C4
Additional Details
Multifamily Units
3
Listing Agency:
@properties
Listed By:
Daniel McNeal
(317) 902-3177
Source:
Exprealty
Added: May 6
Changed: Aug 20
Last Checked: Sep 7 at 1:59PM
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 @properties
Investment Insights
Based on property information with market context.
This mixed-use corner building at 1701 Prospect St includes two commercial spaces on the lower level and three fully leased apartments upstairs. One commercial space is leased to a karate studio, and the adjacent commercial space is currently suitable for office/retail and storage. Secure parking is available at the rear of the building, and the major mechanicals have been updated.
The property is located in the Fountain Square neighborhood and is designated C4 zoning, supporting a mix of uses in the same structure.
From a configuration standpoint, the building provides both income-producing residential units and income-producing commercial space, with a second commercial suite available in addition to the karate studio lease.
The property is located in the Fountain Square neighborhood and is designated C4 zoning, supporting a mix of uses in the same structure.
From a configuration standpoint, the building provides both income-producing residential units and income-producing commercial space, with a second commercial suite available in addition to the karate studio lease.
Key Highlights
- Highly visible corner mixed‑use building in the Fountain Square neighborhood with C4 zoning
- Upstairs: three fully leased apartments
- Downstairs: two leased commercial spaces, including a leased karate studio
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
959
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?
Mixed-use property - Corner mixed-use property with two leased commercial spaces and three upstairs apartments, plus secure rear parking and updated mechanicals.
Where is this mixed-use property located?
The property is located at 1701 Prospect St Indianapolis, IN.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Highly visible corner mixed‑use building in the Fountain Square neighborhood with C4 zoning; Upstairs: three fully leased apartments; Downstairs: two leased commercial spaces, including a leased karate studio
