2305 E Michigan Street, Indianapolis, IN 46201

Listing agent Gabriela Pitts License #RB18000474 Show Phone

Listing office Highgarden Real Estate c***@easystreetrealty.com Keystone Crossing Ste 170 8500, Indianapolis, IN Show Phone

Listing date Feb 18, 2026

Report an issue

MLS# 22083393

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.

---

Overview

This for-sale triplex offers three residential units within a single mixed-use building. The property is described as being in like-new condition and is presented with modern finishes and thoughtful layouts across the units. Two of the units are currently generating rental income, while one unit is vacant and available for immediate occupancy by a new tenant. In addition, the building includes dedicated storage space intended to add flexibility for residents.

The property is located at 2305 E Michigan Street in Indianapolis, Indiana 46201, in Marion County. The listing is under zoning C5, which may be relevant for investors and tenants evaluating use and operating considerations.

For buyers and operators seeking a small multi-family asset, the current configuration provides a mix of occupied and move-in ready space, with one unit already available to lease. The building’s like-new condition and modern interior presentation may appeal to tenants looking for contemporary finishes. With dedicated storage included, the units are positioned to support everyday resident needs while keeping operations streamlined within a three-unit structure.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.122901

Latitude

39.774244

Nearby Similar for Sale

• 

  $685,000

  Restaurant/QSR With Drive-Thru Potential

  Restaurant-ready space with recent upgrades, signalized access, and prominent visibility along a major northside retail corridor.

  5527 N Keystone Avenue, Indianapolis, IN 46220

  View Details
• 

  $550,000

  Hard-Corner Retail/Office Building

  C-3 zoned building on a hard corner with strong traffic exposure, onsite parking, and flexible retail or office use.

  5243 Rockville Road, Indianapolis, IN 46224

  View Details
• 

  $3,900,000

  Elevator-Served Mixed-Use Building

  Well-maintained mixed-use building in CBD-2 with elevator service, dry sprinkler system, and on-site parking for tenants and visitors.

  536 E Market Street, Indianapolis, IN 46204

  View Details
• 

  $560,000

  Flexible Office Building with Detached Garage

  C-1 zoned building with a fenced outdoor area and detached garage, suited for office or education-oriented uses.

  2131 E 54th Street, Indianapolis, IN 46220

  View Details
• 

  $2,475,000

  Renovated Office Flex Complex

  Multi-tenant office and flex space with common parking and five leasable suites offering flexible occupancy options.

  9130 Otis Avenue, Indianapolis, IN 46216

  View Details
• 

  $4,350,000

  Heavy Industrial Dock-High Warehouse

  49,000 SF heavy industrial facility with multiple dock-high doors, office buildout, and 16'4" clear height.

  2334 Production Drive, Indianapolis, IN 46241

  View Details
• 

  $1,000,000

  Corner Two-Tenant Retail and Auto Site

  Remodeled two-tenant corner property in C-5 zoning, positioned for retail and auto-related business uses near major corridors.

  1121 E Troy Avenue, Indianapolis, IN 46203

  View Details
• 

  $700,000

  Multi-Office Building with Private Parking

  Commercial-office building with 16 offices, large windows, and a private parking lot near major thoroughfares.

  1300 N Pennsylvania Street, Indianapolis, IN 46202

  View Details
• 

  $1,200,000

  Auto Shop with Paint Booth

  Automotive repair facility with a custom paint booth, office, and multiple work bays supported by front and rear vehicle access.

  7086 Southeastern Avenue, Indianapolis, IN 46239

  View Details
• 

  $149,000

  Four-Unit Retail Value-Add Property

  Four-unit retail asset on two parcels along a heavily traveled corridor, offered as-is and requiring significant improvements.

  3427 W Michigan Street, Indianapolis, IN 46222

  View Details
• 

  $1,499,999

  10,789 SF

  Keystone Avenue Redevelopment Opportunity

  1.63 acres with flexible zoning in evolving urban area.

  4498 North Keystone Avenue, Indianapolis, IN 46205

  View Details
• 

  $399,000

  Freestanding Single-Story Office Building

  Single-story freestanding office building zoned C-1 with street frontage and assigned/common parking, suited for office or medical uses.

  1101 N Shadeland Avenue, Indianapolis, IN 46219

  View Details

FAQs

What type of property is this?

Triplex - Triplex with modern finishes, dedicated storage, two occupied units, and one vacant unit ready for a new tenant.

Where is this triplex located?

The property is located at 2305 E Michigan Street Indianapolis, IN.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Mixed‑use property at 2305 E Michigan St, Indianapolis, IN 46201; Built with three units total: two currently generating rental income and one vacant; Vacant unit is ready for a new tenant or to increase rental income