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Mixed-Use Property with Elevator
For Sale
$3,900,000

536 E Market Street, Indianapolis, IN 46204

Commercial Sale, Indianapolis, IN

Property SizeContact for details
Lot Size0.91 Acres
Days on Market121

Property Features for 536 E Market Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning CBD-2
Parking features Gated
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Subdivision 4910 - Marion - Center
Standard status Active
APN 491101187084000101
Lot size 0.91 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Bates & Fletchers Sub L14 & 12' Vac Alley E& Adj Ol59
Tax Annual Amount 18414
Legal Description Bates & Fletchers Sub L14 & 12' Vac Alley E& Adj Ol59

Amenities

elevator service
energy-efficient LED lighting throughout
new AC units within the last 5 years

Building Details

Floors in Building 3
Listing Agency: Keller Williams Indy Metro S · Keller Williams Realty
Listed By: Shelly Johnson · License #RB14043056
Added: Jun 15 Changed: Oct 8 Last Checked: Oct 13 at 8:06AM
MLS# 22108271

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property at 536 E Market Street includes elevator service, a dry sprinkler system, and LED lighting. Its air-conditioning units were installed within the past five years. The property is zoned CBD-2, and tenants are in place.

The 0.91-acre site has more than 20 paved parking spaces and an additional gravel lot. The property is minutes from Mass Ave, the Cultural Trail, and Gainbridge Fieldhouse.

Key Highlights

  • CBD‑2 zoning supports retail, office, and multifamily uses
  • Tenants are in place
  • 0.91‑acre site with more than 20 paved parking spaces

Property Analytics

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Current Use

Doris Research Research Institute HOPE COMMUNITY MINISTRIES ... Social Service Agency Krieg Brothers Religious ... Religious Bookstore

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Tanning Salon Nursing Home Electrical Service

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
Sprinkler system

Location Intelligence

Trade Area within ½ mile

5,299
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Mixed-use property - CBD-2 zoning supports retail, office, and multifamily uses, with tenants currently in place.
Where is this mixed-use property located?
The property is located at 536 E Market Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: CBD‑2 zoning supports retail, office, and multifamily uses; Tenants are in place; 0.91‑acre site with more than 20 paved parking spaces
More about this property
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