2329 Shelby St, Indianapolis, IN

Listing office F.C. Tucker Company a***@talktotucker.com Show Phone

Listing date Nov 24, 2025

Source Moodyscre

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Overview

This renovated property offers both residential and commercial possibilities in a vibrant Indianapolis neighborhood. The first floor features an open, light-filled layout previously used as a yoga studio, suitable for retail, professional services, or creative offices. Its visibility, access to I-65, and proximity to Downtown Indianapolis enhance its appeal for businesses seeking convenience and exposure. The second floor has been transformed into a two-bedroom apartment, currently operating as a short-term rental with a lease in place through early December 2025, offering immediate income potential or the flexibility to create a live/work environment. Recent renovations have made this property a turnkey investment. The building includes a reception area, two large rooms, a kitchenette, two half baths, and a laundry area on the main floor, along with a full bathroom upstairs. Located near Garfield Park, the property benefits from the area’s growing energy and proximity to destinations like Café Babette, Garfield Brewery, and Skosh Provisions.

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Restaurant Accounting Firm Nail Salon Skin Care Clinic Building Supply

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

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.1396

Latitude

39.7351

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FAQs

What type of property is this?

Retail space - Turnkey investment property with residential and commercial possibilities.

Where is this retail space located?

The property is located at 2329 Shelby St Indianapolis, IN.

What are key features of this property?

This property features: Renovated property with live/work flexibility thanks to residential and commercial zoning.; Prime location in a rapidly growing Indianapolis neighborhood, near Garfield Park and popular local businesses.; First floor suitable for retail, professional services, or creative offices with high visibility and easy access to I‑65 and Downtown Indianapolis.