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Two-Building Mixed-Use Property

1819 Shelby Street, Indianapolis, IN 46203

For Sale
$250,000

A second-floor apartment complements office space in the front building and storage in the rear building.

Property Size5,624 SF
Price / SF$44.45
Days on Market391

Property Features for 1819 Shelby Street

General Information

Standard status Active
Size 5,624 SF
Property subtype Office
Zoning MU-1

Site & Location

Neighborhood Near Southside
Highway Access Yes
Public Transit Yes

Additional Details

Property Use Office

Building Details

Building Size 5,624 SF
Year Built 1901
Buildings 2
Listing Agency: Weichert, Realtors-Tralee Prop
Listed By: Ryan Moriarty
Source: Estansiongroup
Added: Oct 15, 2025 Changed: Nov 8 Last Checked: Nov 8 at 4:04PM

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 Weichert, Realtors-Tralee Prop

Rey
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Investment Insights

Based on property information with market context.

At 1819 Shelby Street, this mixed-use property includes two buildings on two parcels, with 5,624 square feet of usable space. The front building has office space and a second-floor apartment, while the rear building has been used for storage. The property was built in 1901 and is zoned MU-1.

The site is at Troy and Shelby, with access to the Red Line via RBT and to I-65. The two-building configuration brings office, residential, and storage space together on the property.

Key Highlights

  • Two buildings with 5,624 square feet of usable space across two parcels
  • Front building includes office space and a second‑floor apartment
  • Rear building has been used for storage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Weilhammer Plumbing Co. ... Plumbing Service

Suggested Use

Top Pick Law Firm Dental Office Electrical Service Spa & Massage Center Storage Facility (Bike/Boat/Book/etc) Store

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Mixed-use properties in Indianapolis

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A second-floor apartment complements office space in the front building and storage in the rear building.
Where is this mixed-use property located?
The property is located at 1819 Shelby Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two buildings with 5,624 square feet of usable space across two parcels; Front building includes office space and a second‑floor apartment; Rear building has been used for storage
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