1505 South East Street

Indianapolis, IN 46203

$1,300,000
Price
—
Beds
9,200 Sq. Ft.
$141 / Sq. Ft.
9,200
Sq. Ft.
$141
per Sq. Ft.

Description

Prime commercial property ideally situated in the vibrant Bates-Hendricks neighborhood on the south side of Indianapolis. Located less than 1 mile from Eli Lilly & Co. Corporate Campus and the thriving Fountain Square district, the property offers easy access to major interstates (I-65 & I-70) and thruways, ensuring convenient travel to any Indianapolis destination. This expansive 9,200 square-foot structure sits on a large corner lot with 173 feet of frontage along East Street. Currently zoned C-1....Prime commercial property ideally situated in the vibrant Bates-Hendricks neighborhood on the south side of Indianapolis. Located less than 1 mile from Eli Lilly & Co. Corporate Campus and the thriving Fountain Square district, the property offers easy access to major interstates (I-65 & I-70) and thruways, ensuring convenient travel to any Indianapolis destination. This expansive 9,200 square-foot structure sits on a large corner lot with 173 feet of frontage along East Street. Currently zoned C-1. Features a dedicated parking lot with over 10 spaces and four garage bays for added convenience. The floor plan consists of four combined structures plus attached garages. With limitless potential, this asset is ideal for a variety of uses, including residential redevelopment or mixed-use projects. The combination of a prime location, visibility, and accessibility make this property a standout investment opportunity in one of the city's most dynamic areas.
  1. Listed by Nathaniel Wozniak • Berkshire Hathaway Home • natewozniak@bhhsin.com
  2. Listed by Dean Hicks • Berkshire Hathaway Home

Property Details for 1505 South East Street

Township
Center
Zoning
C-1
LISTING UPDATED: 10/15/2024 06:48 PM

Property Details for 1505 South East Street

StatusActive
MLS #22006941
Days on Market33
Taxes$4,854 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size0.60 AC / 26,136 SF
CountyMarion County

Building Information for 1505 South East Street

Stories2Residences4Year Built1900Lot Size0.60 AC / 26,136 SF

Property Information for 1505 South East Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Postal Code Plus4: 1807
  • Road Access: Street Cuts
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491113168027000101
  • Semi Annual Property Tax Amt: 4854
  • Tax Year: 2023
  • TaxLot: 1-5
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Office, Vacant
  • Lot Size Square Feet: 25950.0
  • Lot Size Acres: 0.6
  • New Construction: False
  • Stories: 2
  • Retail Type: Free Stand
  • Space Available: 9200
  • Sq Ft Total: 9200.0
  • Year Renovated: 1954
  • Year Built Numeric: 1900
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Seidensticker & Naltners Sub L1 Thru L5
  • Photos Count: 20
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Electric: 200+ Amp Service
  • Utilities: Electricity Connected, Gas, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Num Drive Ins: 4
  • Roof: Membrane, Rubber, Shingle
Interior Features
  • Cooling: Central Electric
  • Heating: Forced Air
Multi Family
Multi-Family Information
  • Total Units: 4

Property History for 1505 South East Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1505 South East Street

Taxable ValueLand$57,100Additions$300,000Total$357,100
Tax Record2023$9,708 ($809 / month)
Home Facts
Total Finished SqFt4,164 SqFtAbove Grade Finished SqFt4,164 SqFtStories1Lot Size25,950 SqFtStyleMiscellaneous CommercialYear Built1900CountyMARIONAPN49-11-13-168-027.000-101

Schools near 1505 South East Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
James A. Garfield School 31
Public - PK to 8
Arsenal Technical High School
Public - 9 to 12
George Washington Community High School (9-12)
Public - 9 to 12
Thrival Academy
Public - 9 to 11
Rating
School
Distance
James A. Garfield School 31
PublicPK to 8

Arsenal Technical High School
Public9 to 12

George Washington Community High School (9-12)
Public9 to 12

Thrival Academy
Public9 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1505 South East Street, Indianapolis, IN 46203

1505 South East Street is a mixed use property for sale in Indianapolis, IN 46203. This property was listed for sale on October 15, 2024 by Berkshire Hathaway Home, it's currently listed at $1,300,000. This listing's school district is Indianapolis Public Schools. Nearby schools include James A. Garfield School 31, Arsenal Technical High School and George Washington Community High School (9-12). 1505 South East Street is a 0-bed, 0-bath, 9,200 sqft mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway Home

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.