200 S State Avenue, Indianapolis, IN 46201

Building Details

Year built

1925

Floors in Building

1

Listing agent Summer Hudson License #RB17001890 Show Phone

Listing office eXp Realty, LLC i***@exprealty.net Keystone Xing Ste 140 8435, Greenwood, IN Show Phone

Listing date Nov 13, 2025

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MLS# 22074771

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.

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Overview

The property at 200 S State Avenue is a MU-2 zoned commercial building suited to a wide range of development concepts. The listing describes the site as part of a redevelopment footprint that can be purchased individually, paired with other properties, or assembled with additional parcels. The lot size is listed as 0.1 acres.

According to the remarks, the surrounding area is seeing active neighborhood transformation, with nearby homes being renovated, modernized, and sold quickly. The opportunity is presented within an MU-2 framework that supports a variety of uses, including residential builds, commercial storefronts, mixed-use concepts, live/work spaces, and urban infill development.

For buyers or tenants evaluating flexible-use real estate, the practical value here is the MU-2 zoning and the ability to structure the purchase around the scale of the plan, whether that means pursuing a single project or assembling multiple parcels. The listing also notes that additional parcels may be bundled into the broader deal, including properties referenced at 1705 and 1719 Southeastern.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.130801

Latitude

39.763601

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FAQs

What type of property is this?

Retail space - MU-2 zoning offers flexible redevelopment options for retail, mixed-use, or live/work concepts.

Where is this retail space located?

The property is located at 200 S State Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Commercial building built in 1925; MU‑2 zoning allows a wide range of uses, including residential builds, commercial storefronts, mixed‑use concepts, live/work, and urban infill; Available purchase options include buying individually, pairing, or securing all three properties for a larger redevelopment footprint