1505 East St Indianapolis, IN 46225
- Office Properties & Spaces
- 9,200 SF
- 0.60 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1505 East St
- Year built
- 1900
- Lot size
- 0.60 lot acres
- Property size
- 9,200 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional redevelopment opportunity presents a 9,200 square foot mixed-use property situated on a 0.6-acre lot in Indianapolis' vibrant Bates-Hendricks neighborhood. The property, located at 1505 S East Street, boasts 173 feet of East Street frontage, offering excellent visibility and accessibility. Currently zoned C-1, this versatile property allows for a range of uses, making it ideal for residential or mixed-use projects. The building, constructed in 1900 and renovated in 1954, comprises four combined structures and attached garages, providing ample space for creative development. The property includes a dedicated parking lot with over ten spaces and four garage bays. Its strategic location offers easy access to major interstates I-65 and I-70, placing it within a mile of the Eli Lilly & Co. Corporate Campus and the thriving Fountain Square district. This presents a unique chance to capitalize on the area's growth and high demand. The asking price is $1,300,000. The property's APN is 49-11-13-168-027.000-101. This is a vacant, Class B, two-story building with significant potential for a savvy investor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1493
- Latitude
- 39.7466
