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1505 S East Street

Indianapolis, IN 46225
  • $695,000
  • STATUS: Active
  • ON SITE: 601 Days
  • MLS #: 22006941
$695,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Seller is Motivated and willing to review all serious offers! Prime Property with Multi-family potential, 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 four garage bays and a dedicated parking lot with over 10 spaces for added convenience. The floor plan consists of four combined structures plus attached garages. With limitless potential, this asset is ideal for residential redevelopment, lighter commercial office-type uses, or even mixed-use projects. The combination of a prime location, visibility, and accessibility makes this property a standout investment opportunity in one of the city's most dynamic areas.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-09T00:25:06.24. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
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1505 S East Street Indianapolis, IN 46225

  • Price: $695,000
  • Status: Active
  • On Site: 601 Days
  • MLS #: 22006941
0
Beds
0
Baths
0
½ Baths
0.6
Acres
1900
Built
Neighborhood:
4910 - Marion - Center
County:
Marion
Area:
4910 - Marion - Center
School District:
Indianapolis Public Schools
Property Description
Seller is Motivated and willing to review all serious offers! Prime Property with Multi-family potential, 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 four garage bays and a dedicated parking lot with over 10 spaces for added convenience. The floor plan consists of four combined structures plus attached garages. With limitless potential, this asset is ideal for residential redevelopment, lighter commercial office-type uses, or even mixed-use projects. The combination of a prime location, visibility, and accessibility makes this property a standout investment opportunity in one of the city's most dynamic areas.
Exterior Features

Exterior Features Exterior Handicap Accessible Parking Features AttachedCommonAsphaltGarage Faces Rear Road Access Street Cuts Road Frontage Type City Street Road Surface Type Asphalt Roof FlatMembraneRubberShingle Structure Type FreeStand Unit Parking Parking Lot

Interior Features

Basement Unfinished Basement YN Yes Building Area Total 9200 Cooling Central Air Heating Forced Air

Property Features

Acres 1/2-1 Acre Building Information Handicap Access Current Use OfficeVacant Dpr YN No Electric 200+ Amp Service New Construction YN No Number Of Units Total 5 Possession Closing Property Sub Type Multi-Family 5+ Semi Annual Property Tax Amt 4873 Space Available 9200 Special Listing Conditions As Is Tax Year 2024 Township Center Transaction Type Sale Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning C-1

Listing provided courtesy of Berkshire Hathaway Home: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-09T00:25:06.24. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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