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Financial
Distress signals
Property profile

1145 Shelby St Indianapolis, IN 46203

OFF-MARKET
Commercial real estate
Property ID
US31-0772005
2,706 SF 0.13 ac lot Built 1940
Last sale Mar 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,740-square-foot retail building, situated on a 0.13-acre lot at 1145 Shelby Street in Indianapolis, Indiana (zip code 46203), presents a unique investment opportunity. Built in 1940, this single-story structure features two suites, with 1,353 square feet currently available for lease. The property boasts excellent visibility along Shelby Street and convenient access to the Cultural Trail. The open floor plan offers considerable potential for various retail or office uses. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$97k
Assessed land$49k
Assessed improvement$48k
Effective rate2.77%

Value estimate

· Oct 2026
$190k
$171k – $209k
AI approach$190k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.1
Electrical Service10.3
Pawn Shop10.3

Location

1145 Shelby St Indianapolis, IN 46203
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1058 Ewing, Indianapolis, IN 46203-1554 $32,500 Apr 2023 2,400 SF
2124 Fletcher, Indianapolis, IN 46203-1406 $65,500 Mar 2020 2,262 SF
1014 Randolph, Indianapolis, IN 46203 $30,000 Sep 2019 3,600 SF
1301 Cruft, Indianapolis, IN 46203-5356 $45,000 Jan 2019 2,052 SF
1097 Emerson, Indianapolis, IN 46203-1606 $154,000 Nov 2018 3,204 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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