1505 S East ST, Indianapolis, IN 46225
1505 S East ST, Indianapolis, IN 46225
1505 S East ST, Indianapolis, IN 46225
1505 S East ST, Indianapolis, IN 46225
1505 S East ST, Indianapolis, IN 46225
1505 S East ST, Indianapolis, IN 46225
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Jen Richardson

Jen Richardson

+1(812) 521-7361
Listed by Nathaniel Wozniak • Berkshire Hathaway Home
$ 399,900
Est. payment | /mo

9,200 SqFt

Save
$ 399,900
Est. payment | /mo
Save

9,200 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 9,200 sqft

Price per Sqft $43

MLS Listing ID 22006941

Year Built 1900

Tax Year 2024

Lot Size 0.600 Acres

Acres 0.6

Property Sub-Type Multi-Family 5+

Property Description

SIGNIFICANT PRICE REDUCTION - NOW OFFERED AT $399,900. Seller has aggressively repositioned this asset for an immediate sale and will review all serious offers. Preference will be given to as-is purchase offers with minimal contingencies. Rare redevelopment opportunity in the highly desirable Bates-Hendricks neighborhood less than one mile from Eli Lilly's corporate campus and the Fountain Square district. Situated on approximately 0.60 acres with 173 feet of frontage along East Street, the property includes approximately 9,200 square feet across four interconnected structures with four garage bays and dedicated on-site parking. Currently zoned C-1, the property presents exceptional redevelopment potential for residential, mixed-use, office, or adaptive reuse projects, subject to applicable approvals. Given its location, surrounding neighborhood investment, and proximity to downtown employment centers, the site is well positioned for future residential redevelopment, including townhomes, condominiums, or other missing-middle housing concepts, subject to zoning and municipal approvals. Opportunities to acquire a site of this size and visibility in this location at this price point are increasingly uncommon.

Location

State IN

County Marion

Zoning C-1

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Exterior Feature Exterior Handicap Accessible

Garage Spaces 4.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Flat,Membrane,Rubber,Shingle

Building

Story 2

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Jen Richardson

"Finding the right home isn't just about the house, it's about the life you're going to build there.

 

I'm here to make sure you find it."

 

+1(812) 521-7361

jenrichardsonrealtor@gmail.com

905 E Tipton St, Seymour, IN 47274, USA

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1505 S East ST