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$89,900
22075557 MLS
Location, Location, Location!! Corner Lot. A historical style structure located on a historical named street: Dr Martin Luther King, Jr Street. Zoned C-4! Are you looking for an Opportunity Zone? This is it: Entrepreneurs, bed/breakfast, Office, retail, multifamily/single family, daycare, group home, church, retail, gym, restaurant, office and more. Features: handrails, gutters, porch, fresh exterior paint and more. Structure is completely gutted and ready for a new designer to create the interior. Located near downtown, hwy, hospitals, event centers, Universities, parks, school, church, upcoming/new development and more. Possibly 10 bedrooms (5 on each side). Possible contract with 10% down/terms/conditions TBD. Some fire damage to roof.

2840 Doctor M.L.K. Jr Street, Indianapolis
$150,000
22074771 MLS
Endless possibilities in a rapidly revitalizing pocket of Indianapolis! This MU-2 zoned commercial building offers unparalleled flexibility for builders, investors, and visionaries. Purchase individually, pair them together, or secure all three for a powerful redevelopment footprint just minutes from downtown Indy. Or, double up and buy the entire corner and include 2 more parcels for sale that can be bundled into this deal at 1705 & 1719 Southeastern. Located in an area experiencing active neighborhood transformation-with nearby homes being renovated, modernized, and sold quickly-this is a rare opportunity to shape the next phase of growth. MU-2 zoning allows for a wide range of uses, from residential builds to commercial storefronts, mixed-use concepts, live/work spaces, or an urban infill development that fits the momentum of the surrounding community. Whether you're planning a single project or assembling a multi-parcel investment, this location sets the stage for long-term value and exceptional potential. The possibilities here are wide-open-bring your ideas and create something incredible.

200 S State Avenue, Indianapolis
$750,000
22074689 MLS
ENTREPRENEURS, INVESTORS & OWNER-OCCUPANTS-DON'T MISS THIS OPPORTUNITY! Two commercial buildings on one parcel in a high-traffic location near Fountain Square, the new Community Justice Campus, downtown Indianapolis, and less than one mile from I-65. Seller has a survey allowing the buildings to be sold separately. Individual pricing is $550,000 for the approximately 7,200 sq. ft. blue building and $275,000 for the approximately 2,500 sq. ft. restaurant building, or purchase both for the package price of $750,000. The restaurant building is currently leased for $3,500/month, with tenant paying utilities. Lease expires July 2026, and the tenant has expressed interest in renewing. The approximately 7,200 sq. ft. building offers multiple suites (floor plan available), including former daycare space, professional offices with reception area, conference room and breakroom, plus warehouse/retail/service space. Previous uses include restaurant, church, daycare, professional offices, auto repair, convenience store, clothing store, and more. Seller previously collected over $13,000 per month when fully leased. With only one space currently occupied, buyers can choose their own tenants, operate their own business while generating rental income, or create a customized investment strategy. Future uses are subject to zoning and governmental approvals. Located approximately 1.5 miles from downtown and surrounded by redevelopment, this versatile property offers exceptional flexibility, visibility, and long-term potential. Bring your vision and entrepreneurial spirit-this could be your next GOLD MINE!

1915 Southeastern Avenue, Indianapolis
$795,000
22073725 MLS
10-unit Single Room Occupancy (SRO) property offering strong income potential. The building features five units on the upper level and five on the lower level, each with a private bathroom. Shared kitchens, living rooms, and laundry facilities are located on both sides, creating a balanced and functional layout for tenants. Excellent opportunity for an investor seeking steady cash flow or the potential to continue developing on the adjoining lots which can be purchased alongside the building at a separate offering. Listing broker for financials and touring.

3712 E Washington Street, Indianapolis
$329,000
22074402 MLS
Incredible business opportunity on highly visible US-40 frontage! Perfectly positioned near the Indianapolis International Airport, and just minutes from Indianapolis and Plainfield, this property offers exceptional access and exposure for a wide range of commercial uses. The site includes two vacant parcels for future development and an existing Office Building, providing immediate functionality and long-term growth potential. The office building features three private offices, a conference room, a storage room, and flexible space ideal for daily operations. With its strategic location and strong traffic count, this property is ideal for businesses seeking visibility, convenience, and room to expand. Don't miss this chance to secure prime commercial real estate!

2316 Mellen Road, Indianapolis
$250,000
22071053 MLS
Unique opportunity to own a versatile property with both residential and commercial potential. This home has long served as the maintenance office for an Ameriplex maintenance and offers a flexible layout ready for a variety of uses. The property includes an attached 1-car garage, a detached 3-car garage, and an additional storage shed, providing ample space for vehicles, tools, and equipment. Set on a convenient and accessible site, the structure could easily transition back to a private residence, continue as a support facility, or be repurposed for small-business operations. With its solid construction and generous storage, this property combines practicality with potential-perfect for tradespeople, small contractors, or investors seeking adaptable space in a prime location.

7601 Milhouse Road, Indianapolis
$120,000
22073970 MLS
The building consists of 1320 sq.ft. of ground floor and an additional 300+ sq.ft. of utility area on the second level. Two large overhead doors and one smaller overhead door lend the structure to use as storage or a workshop. It must be sold as a package sale: 3324 Prospect St and 1028 Vandeman St for a total of 0.2 acres of land ($233,900). Numerous potential uses as permitted by the Marion County Zoning Ordinance. Located just minutes from the interstate and the central Indianapolis area.

1028 Vandeman Street, Indianapolis
$450,000
22072493 MLS
Prime Redevelopment Opportunity | East 10th Street Corridor This Near Eastside commercial property offers a rare chance to invest in the thriving Brookside / East 10th Street corridor. Comprising three parcels (1040860, 1090593, 1010125) totaling 0.38 acres within an Opportunity Zone, the site is ideal for investors seeking strong growth potential and tax advantages. Featuring high visibility, wide frontage, and ample parking, the property is zoned for retail/commercial use and primed for adaptive reuse or redevelopment. Perfect for a retail flagship, restaurant, creative studio, or mixed-use concept, it offers flexibility to match market demand. With its strategic location, redevelopment potential, and Opportunity Zone benefits, this property is ready for its next chapter in one of Indianapolis's fastest-evolving corridors.

2828 E 10th Street, Indianapolis
$299,900
22073143 MLS
Currently used as a Real Estate office but has other possibilities. Located on bus line across from library. Freshly painted with a basement and 2 car garage

5397 E 38th Street, Indianapolis
$795,000
22071542 MLS
Incredible opportunity on a Corner Lot on Michigan Road! This sprawling property has over 8,000 Square Feet and even has a separate Office space that is like its own little guest house. Not many places in the area offer this much square footage, updates, and amount of land as this place does (.87 acres). Perfect for general office, medical therapy, daycare/school....you name it! Zoned C3 it has many uses it can be. Plenty of parking and easy access. Great Street Frontage for advertising your business. Very little updates that need to occur with this building. Come see quick for this great opportunity!

7507 Michigan Road, Indianapolis
$1,250,000
22070474 MLS
Prime commercial opportunity on Indianapolis' east side! This 1,743 SF standalone building sits on a 0.43-acre corner lot with excellent visibility and access along N Arlington Ave. Zoned C-4, the property allows for a wide range of high-intensity commercial uses, including gas station, convenience store, automotive, retail, office, or redevelopment. The site features strong traffic counts, ample parking, and frontage on a busy corridor connecting residential neighborhoods and main thoroughfares. Ideal for an owner-user or investor seeking a versatile property with outstanding exposure and long-term growth potential.

2102 N Arlington Avenue, Indianapolis
$399,000
22070610 MLS
Located at the end of a quiet cul-de-sac just north of Raymond Street and minutes from Garfield Park, 2145 Ransdell Street offers a rare industrial opportunity in one of Indianapolis's most promising growth corridors. This wide-open warehouse-style property is currently used for storage and features convenient drive-in garage doors, excellent access to I-65, and proximity to Downtown Indianapolis. The building requires significant rehabilitation, including a new roof, window and ceiling replacement, and electrical upgrades, but its solid structure and flexible layout make it ideal for an owner-occupant or investor ready to reimagine the space. Positioned near the revitalized Garfield Park neighborhood, the area is seeing renewed investment and development. Nearby businesses, creative studios, and local favorites such as Garfield Brewery, Cafe Babette, and Skosh Provisions contribute to a vibrant, up-and-coming community atmosphere. The park itself-one of Indianapolis's oldest and most beloved green spaces-anchors the area with year-round recreation, walking trails, and community events, drawing consistent local activity. With improving infrastructure and increasing demand for flexible industrial and creative-use properties on the near south side, 2145 Ransdell Street represents a strategic opportunity to acquire a property with substantial potential in a neighborhood on the rise. The property is being sold as-is, and financing will likely need to include a rehab loan, making it a strong fit for a buyer with the resources and vision to complete a thoughtful redevelopment.

2145 Ransdell Street, Indianapolis
$649,900
22070017 MLS
Excellent Investment Opportunity. 2400 Sqf office building located in bustling business area, in front of the Hawthorn Plaza. Situated on three parcels featuring receptionist area with restroom, bath, open business area, huge private office with private bath including shower, additional offices and more. Front parcel is a great investment on its own with leased billboard. Better hurry on this one. Currently owner occupied. Subject to minimum 60 day possession.

5022 E 62nd Street, Indianapolis
$639,000
22068061 MLS
High-visibility 3-acre C-3 commercial site on Madison Avenue - one of Indianapolis's premier south-side corridors with average daily traffic exceeding 20,000 vehicles and direct access to I-465. The land offers exceptional development and operational potential with expansive fenced yard space, gravel drive, and full utility connectivity including electric, public sewer, water, and well. The site includes a 3,000 SF metal warehouse (built 1996) featuring 16-ft peak / 12-ft perimeter ceilings and a fully operational overhead loading bay, plus a secondary structure (built 1980) suitable for office or storage use - totaling 7,800 SF of usable building space. Chain-link fencing provides perimeter security with ample room for equipment staging, fleet parking, or outdoor operations. Perfectly positioned for contractors, trucking and fleet operators, automotive businesses, light industrial users, or wholesale and distribution operations. Owner-occupant and investor inquiries welcome. Quick access to downtown Indianapolis and the I-465 loop.

3604 Madison Avenue, Indianapolis
$330,000
22067198 MLS
This freestanding commercial 3,294 SF building with residential charm is full of historic character and endless potential. For over 35 years, it was home to a successful chiropractic practice operated by one dedicated owner. Zoned C3, it offers flexibility for a variety of business uses. The 1,230 SF main floor includes a convenient half bathroom for clients, while the 1,044 SF upstairs apartment provides the opportunity to create a full bathroom, kitchen, and up to three offices or bedrooms-ideal for a live/work setup (with variance), additional office space, or income-producing unit. The 1,020 SF basement previously operated as a successful workshop for many years. Featuring a beautiful stone and brick exterior, welcoming front lawn, chimney, and patio area, the property offers strong bones, high visibility, and a proven location in one of Indianapolis's most vibrant historic districts. A large parking lot and additional rear lot provide room for expansion or storage. Bring your vision and restore this property to its full potential in thriving Irvington!

5117 E Washington Street, Indianapolis
$300,000
22068442 MLS
Great opportunity to locate your business between two fast growing markets, Fountain Square & Garfield Park. Located at Troy and Shelby with quick access to RBT for the Red Line or I-65 access making the logistics preferred. Two buildings with over 5,600 sqft of usable space on two parcels. Front building has been used as office space for a plumbing company and rear building for storage. Second floor apartment in front building making a live work play option available if desired. Currently zoned MU-1.

1819 Shelby Street, Indianapolis
$1,555,000
22067612 MLS
Rare opportunity to acquire a landmark multifamily asset in the heart of Herron-Morton. This stately all-brick six-unit building offers over 13,500 square feet of historic character, scale, and long-term investment potential in one of Indianapolis' most sought-after neighborhoods. Each residence features an expansive 3-bedroom floorplan of approximately 2,000 square feet - a rare offering in today's rental market that appeals to residents seeking the feel of a private home within an urban lifestyle setting. The property is fully occupied with rents currently below prevailing market levels, creating meaningful future income upside through natural turnover and strategic rental repositioning. Recent improvements have enhanced operational stability while preserving the timeless architectural character that makes properties of this scale increasingly difficult to replicate. Located just minutes from downtown, major hospitals, dining, and the thriving 16th Street corridor, the property benefits from strong long-term demand drivers and exceptional neighborhood appeal. The lower level offers substantial additional space for storage, amenity, workspace, or other potential future uses subject to buyer verification and approvals. This is a rare chance to acquire a true legacy asset in one of Indianapolis' premier historic neighborhoods.

2101 N Pennsylvania Street, Indianapolis
$1,100,000
22066888 MLS
An exceptional opportunity awaits with the sale of Mark's Collision Body Shop, available either as a vacant commercial property or as a fully operational business. For over 30 years, this shop has built a strong reputation for honesty, fairness, and reliability. Founded on the timeless principles of the golden rule-"Do unto others as you would have them do unto you" and "Love your neighbor as yourself"-the business has earned the trust and loyalty of its clientele. A new owner purchasing the business will inherit not only the facilities but also the goodwill and customer relationships that come with three decades of integrity and service. The property features a spacious 6,000-square-foot primary shop that includes an office, two bathrooms, a custom-built paint booth, and a separate computer room for controlling paint mixes. In addition, there is a 3,000-square-foot pole barn-style secondary building measuring 30x100 feet with 16-foot ceilings, providing ample space for large equipment or additional work areas. The facility includes two post automotive lifts and offers access to work on equipment up to 14 feet tall. Both front and rear road access are available, with a driveway connecting the front and back of the property for easy movement of vehicles and equipment. The site also offers ample parking, a fenced-in rear section for security, and a layout designed for efficient workflow. With the asking price, the seller will replace the roof on the primary building and install three to four 14-foot-tall garage doors on the secondary unit, adding even more value to this already impressive property. Whether purchased as a thriving business or as a versatile commercial property, Mark's Collision Body Shop represents a rare opportunity to own a facility with a proven track record, strong community reputation, and excellent infrastructure ready for continued success. New Roof was added 2026.

7086 Southeastern Avenue, Indianapolis
$975,000
22064710 MLS
Prime Commercial Real-estate ( FOR SALE ) On the southside of Indianapolis, Where two Major HWY's Connect at the intersection at ( Madison Ave & HWY 31 ) Just south of troy on the east side of the road, A WHOLE CITY BLOCK. Starts at Perry St and 3125 Madison Ave and goes North on Madison Ave to 3115 Madison Ave to the next street which is Bacon St. Then turn right on Bacon & there is a single vacant lot on the right side address is 600 Bacon and another Double vacant lot next to it 509 Bacon. Both Zoned Residential, There is another Vacant lot 510 e Perry St Single lot Zoned C-5... All of this property connects ( 3115-3125 ZONE COMMERRCIAL ) 510 E PERRY IS ALSO C-5. The other 2 lots are Residential. 1.20 ACRES + OR - !!! Both Madison Ave & HWY 31, TWO Major roads Join together that see's an Estimated 75,000 THOUSAND Vehicle's A DAY !!! On a average. Great Potential for any Business.

3115 Madison Avenue, Indianapolis
$2,500,000
22060481 MLS
Located just off Massachusetts Avenue in Indianapolis' thriving Chatham Arch neighborhood, this versatile 2-story building with a full basement offers exceptional flexibility for a variety of uses. Zoned C4, it can accommodate office, retail, food & beverage, personal services, and healthcare. The property also offers potential for a rooftop addition with spectacular skyline views, making it an ideal opportunity for investors or operators seeking a high-visibility location in one of the city's most dynamic districts.

517 E Walnut Street, Indianapolis
$299,000
22057383 MLS
High visibility. Prime location. Limitless potential. This 5-bedroom ranch in the heart of Indianapolis is more than a property-it's a business opportunity waiting to be unlocked. Previously operating as a daycare, the layout and location are perfectly suited for a variety of commercial uses. With five rooms, a full kitchen, dining area and a living space, this building adapts seamlessly into offices, a studio, boutique services, or continued childcare operations. Hard-surface flooring throughout makes for easy maintenance and high durability-ideal for commercial traffic. The corner lot placement ensures maximum exposure, while the parking lot provides a valuable amenity for clients and staff. The fenced front yard adds additional functionality and curb appeal. Location is everything, and this property delivers. Nestled just steps from Tarkington Park, Tea's Me Community Cafe, the Melody Inn, and neighborhood favorites, it thrives in a walkable, community-driven setting. Meanwhile, quick access to Downtown Indianapolis, the Indiana State Fairgrounds, and major traffic routes means steady customer flow and convenience for business operations. Whether you're seeking a property to launch your vision, expand your portfolio, or secure a reliable income-producing space, this one checks every box. The flexibility of residential or commercial use only amplifies its long-term value. Schedule your private showing today and see how this space can be the foundation of your next successful venture before it's gone.

104 E 38th Street, Indianapolis
$299,900
22052006 MLS

2002 Prospect Street, Indianapolis
$499,000
22051337 MLS
Broker Owned - See listing #22051357 - 1.5 Acres +/- total with 319 FT Frontage on US 31. Median cut directly in front of 7620 US 31S. Traffic Count 37,082 per day. Seller prefers to sell together with MLS #22051357.

7530 US 31S, Indianapolis
$499,000
22051357 MLS
25' Tall lighted pylon sign. Broker Owned - See Listing #22051337 - 1.5 Acres +/- total with 319 FT Frontage on US 31S. Seller prefers to sell with BLC #22051337.

7620 Us 31s, Indianapolis
$245,000
22049462 MLS
Mixed use property. An opportunity to have a business and live on the property. Retail/office space with front entrance. Rehabbed interior with showroom, storage rooms, restroom. Residential 2 story space with private entrance. Building has 2 HVAC units. High traffic area just east of Speedway. Street parking for customers. Two off street parking spaces. Residential space is newly remodeled. New kitchen, bathroom, living room, bedroom. Ready to move in.

2901 W 16th Street, Indianapolis
$12,000,000
22048840 MLS
PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN INDIANAPOLIS Address: 371 Kansas St, Indianapolis, IN 46225 325 W Morris St, Indianapolis, IN 46225 Combined Lot Size: Approx. 3 Acres Building Size: 4,800 SF (Built in 1998) Zoning: I-3 (Industrial Heavy) & C-S (Special Commercial). Strategically positioned in the heart of downtown Indianapolis, this rare dual-parcel offering presents an exceptional opportunity for developers, investors, and visionaries looking to transform a well-located space into a high-impact project. Ideal Redevelopment Site: Over 3 acres of land suitable for large-scale development such as mixed-use residential, hotels, restaurants, entertainment venues, and more. Existing Structure: 4,800 SF building, fully fenced and secured. Income-Producing Billboard: On-site billboard with monthly revenue stream included. Zoning Flexibility: Zoned I-3 and C-S, offering wide development potential. Less than 1 mile from Lucas Oil Stadium, home of the Indianapolis Colts. Under 2 miles to Victory Field (Indianapolis Indians), the Indiana Convention Center, and Gainbridge Fieldhouse. Within walking distance of Fountain Square, Mile Square, and downtown entertainment districts. Easy access to major corridors like I-70, I-65, and South Meridian Street. Surrounded by some of the city's largest hospitality, entertainment, and residential developments, this property sits at the crossroads of Indianapolis' future growth. Investors will appreciate the area's strong tourism draw, central location, and robust demand for housing and mixed-use spaces. Ideal Uses: Urban condominiums or apartment complexes, Boutique or flagship hotel, Food hall, brewery, or restaurant row, Tech campus, creative office space, or entertainment venue, Parking structure with retail frontage. Don't miss the chance to secure one of downtown Indianapolis' most valuable and versatile properties. Schedule a site tour.

Indianapolis
$299,000
22050019 MLS
Explore the limitless potential of this expansive property in a thriving commercial district, featuring the distinguished New Day Restoration Church alongside versatile assets primed for development. Nestled on three vacant lots, each approximately half an acre. The church has a welcoming sanctuary accommodating approximately 70 to 80 congregants. Boasting practical amenities including two restrooms, an office, and ample parking. Whether you are seeking to enhance your portfolio, expand your business or church footprint, this property presents a rare opportunity to create a lasting impact.

2044 N Olney Street, Indianapolis
$290,000
22042720 MLS
Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.

3614 E Washington Street, Indianapolis
$1,250,000
22019296 MLS
This Historic Building was built for and continually used as a Masonic Lodge Building. Spacious meeting rooms with a 2 story room on the 2nd floor. Commercial kitchen in the lower level. This is a double lot with separate fenced in parking lot to the north!! So many possibilities for this property.

2201 Central Avenue, Indianapolis
$1,200,000
22014864 MLS
Great commercial site for development! 2.41 acres at one of the busiest intersections in Indianapolis. Heavy traffic count 36,497 on Shadeland Ave, 23,769 on E. 38th zone C-4 with optimum possibilities of multiple uses: drug store, convenience store, car wash, fast food etc. Vacant house on property.

3815 N Shadeland Avenue, Indianapolis

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.