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Bates-Hendricks Redevelopment Opportunity
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1505 S East St, Indianapolis, IN 46225

Prime commercial property in vibrant Bates-Hendricks neighborhood.

Property Size9,200 SF
Price / SF$43.47
Days on Market690

Property Features for 1505 S East St

General Information

Standard status Active
Size 9,200 SF
Class C
Total Parking Spaces 10
Property subtype Land, Mixed Use, Multifamily
Zoning C-1
Investment Type Redevelopment

Building Details

Year Built 1900
Year Renovated 1954
Buildings 1
Stories 2
Listing Agency: Berkshire Hathway Home Services Indiana Realty
Listed By: Nate Wozniak · License #IN RB20001683
Source: Crexi
Added: Oct 15, 2024 Changed: Aug 13 Last Checked: Sep 4 at 4:32PM

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 Berkshire Hathway Home Services Indiana Realty

Investment Insights

Based on property information with market context.

This commercial property is located in the Bates-Hendricks neighborhood on the south side of Indianapolis, less than 1 mile from Eli Lilly & Co. Corporate Campus and the Fountain Square district. The property offers access to interstates I-65 and I-70. The property is suitable for various uses, including residential redevelopment or mixed-use projects. The property has a size of 9200 square feet and is ready for creative re-use, residential, and/or mixed-use redevelopment.

Key Highlights

  • Prime location in the Bates‑Hendricks neighborhood
  • Less than 1 mile from Eli Lilly & Co. Corporate Campus and Fountain Square
  • Easy access to I‑65 & I‑70

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Daycare Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby

Demographics for 46225, IN

6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Prime commercial property in vibrant Bates-Hendricks neighborhood.
Where is this mixed-use property located?
The property is located at 1505 S East St Indianapolis, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime location in the Bates‑Hendricks neighborhood; Less than 1 mile from Eli Lilly & Co. Corporate Campus and Fountain Square; Easy access to I‑65 & I‑70
More about this property
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