Office Building with Basement and
For Sale
$299,900
5397 E 38th Street, Indianapolis, IN 46218
COMMERCIAL - Indianapolis, IN
Property SizeContact for details
Lot Size0.23 Acres
Days on Market266
Property Features for 5397 E 38th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking features
On Street, Garage
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4905 - Marion - Warren
Standard status
Active
APN
490722110022000701
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Harrison Heights Add Pt L32 Beg Se Cor L32 N182.91 W54 S182.96 E54 To Beg 0.227 Ac.
Legal Description
Harrison Heights Add Pt L32 Beg Se Cor L32 N182.91 W54 S182.96 E54 To Beg 0.227 Ac.
Amenities
basement
Building Details
Floors in Building
1
Listing Agency:
Ron Cheeks Real Estate Group
(317) 542-7653
Listed By:
Ronald Cheeks · License #RB14028299
(317) 542-7653
Added: Nov 12, 2025
Changed: Aug 4
Last Checked: Aug 5 at 1:06AM
MLS# 22073143
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.
Investment Insights
Based on property information with market context.
This office building at 5397 E 38th Street, Indianapolis, IN 46218 is currently used as a real estate office. The property was freshly painted and includes a basement plus a 2-car garage. Parking is available via the garage and on-street.
The building is located on a bus line across from a library, offering convenient transit access and a recognizable nearby destination. The property sits on a 0.23-acre lot and is zoned C-1.
With its existing office layout and basement, the building supports office-user needs while also allowing for other possibilities consistent with the property’s current configuration.
The building is located on a bus line across from a library, offering convenient transit access and a recognizable nearby destination. The property sits on a 0.23-acre lot and is zoned C-1.
With its existing office layout and basement, the building supports office-user needs while also allowing for other possibilities consistent with the property’s current configuration.
Key Highlights
- 0.23‑acre lot with C‑1 zoning
- Freshly painted office building
- Basement included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Freshly painted office building on a bus line across from a library with a basement and 2-car garage, zoned C-1.
Where is this office building located?
The property is located at 5397 E 38th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 0.23‑acre lot with C‑1 zoning; Freshly painted office building; Basement included
