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Mixed-Use Live-Work Building

2023 Shelby Street Indianapolis, IN 46203

2023 Shelby Street, Indianapolis, IN, 46203
$219,990
For Sale
$219,990

Mixed-use property with a street-level work area, second-floor apartment, and on-site parking including alley access.

Property Size1,848 SF
Price / SF$119.04
Days on Market308

Property Features for 2023 Shelby Street

General Information

Standard status
Active
Size
1,848 SF
Property subtype
Commercial Sale / Mixed Use

Building Details

Year Built
1925
Listing agency Compass Indiana, LLC
Listed by Jason Hess · License #RB14048495
Source Compass
Added: Sep 19, 2025 Updated: Jul 23 at 1:39AM Checked: Jul 23 at 1:39AM

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 Compass Indiana, LLC


Investment Insights

Based on property information with market context.

This mixed-use building includes a street-level space that can support multiple work areas or be used in its current configuration, along with a second-floor apartment for additional income. The property also features front business parking, alley access with additional parking, and a garage currently used as a shop or for storage.

Located at the corner of Shelby and Raymond on Historic Shelby Street, the property provides multiple day-to-day vehicle traffic options. It is described as just down the street from Fountain Square, with minutes to Downtown Indianapolis.

The combination of flexible first-floor space, an apartment above, and multiple parking/access points makes the building suited for businesses looking to start, relocate, or adjust their operating setup in a single location.

Key Highlights

  • Mixed‑use building on historic Shelby Street with street‑level work area and a 2nd‑floor apartment
  • Corner location at Shelby & Raymond with out‑front business parking plus alley access and additional parking
  • On‑site garage currently used as a shop or for additional storage options

Property Analytics

Location Intelligence

Current Use by Public Records

Shepherd Properties Real Estate Agency

Suggested Use

Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Dental Office Restaurant Spa & Massage Center Storage Facility Auto Parts Store Pharmacy

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

FAQs

What type of property is this?
Live-work space - Mixed-use property with a street-level work area, second-floor apartment, and on-site parking including alley access.
Where is this live-work space located?
The property is located at 2023 Shelby Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $219,990.
What are key features of this property?
This property features: Mixed‑use building on historic Shelby Street with street‑level work area and a 2nd‑floor apartment; Corner location at Shelby & Raymond with out‑front business parking plus alley access and additional parking; On‑site garage currently used as a shop or for additional storage options
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