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Indianapolis
$12,000,000
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

Listing courtesy of Roosevelt Williams. Williams Executive Realty & As
2500 N Union Street, Kokomo
$9,900,000
Over 329,000 SF of High-Intensity Industrial Space on 13+ Acres - North Kokomo. Zoned HI (High Intensity Industrial), this massive industrial facility is ideal for heavy manufacturing, logistics, or large-scale assembly. Located near the Star Plus EV development and the Industrial Heritage Trail, it offers both strategic positioning and excellent accessibility. Features include interior heights ranging from 14' to 30', 11 dock doors, 4 drive-in doors, and a 3-phase, 3200 Amp electrical system. The property is also equipped with a wet sprinkler system throughout for fire protection. The newly constructed, modern office space is a true highlight, featuring a full kitchen, bedroom, bathroom, and a spacious conference area-ideal for 24/7 operations or executive use. Situated on over 13 acres, this is a rare opportunity to acquire high-capacity industrial space in a growing market.

2500 N Union Street, Kokomo

Listing courtesy of Paul Wyman. The Wyman Group
402 S Washington Street, Marion
$8,000,000
Remarkable Renovated Historic Building featuring 15000 sq ft of commercial space, fully leased, and 30 market rate apartments completed in 2021 and are typically fully leased/occupied. The Commercial Tenants include Yolanda's Soul Food Restaurant located in the Grand Lobby, F C Tucker Realty Center, Obi's BBQ Halstead Architects, and All State Insurance. The apartments are modern and sleek with great city views. Each apartment has a refrigerator, range, microwave, dishwasher, washer and dryer. Each unit has a designated parking spot. The newly paved parking lot also features a solar canopy powering the building. This is amazing Neoclassic Revival building lovingly overhauled by a talented architect team, and ready to add to your REIT or real estate investment portfolio.

402 S Washington Street, Marion

Listing courtesy of Susan Reese. F.C. Tucker Realty Center
1125 W 300 N, Lebanon
$5,000,000
40 Acre Parcel for Development. Additional acreage on both sides of the subject property.

1125 W 300 N, Lebanon

Listing courtesy of Joel McWaters. Berkshire Hathaway Home
100 W North Street, Greenfield
$4,680,000
The property is located on the South side of 100N or Mckenzie Road and just West of Meridian Road. This land is 2 parcels totaling 117+ acres. The 78.1 acre tract that is closer to Meridian Road could be sold separately. The property is within the city limits and it is currently zoned RM (residential moderate density) Sewer and water are available nearby.

100 W North Street, Greenfield

Listing courtesy of Tim O'Connor. Berkshire Hathaway Home
536 E Market Street, Indianapolis
$3,900,000
Rare opportunity to acquire a well-maintained, mixed-use investment property in the heart of Indianapolis. With over 20,000 square feet, this versatile site is zoned CBD-2, allowing for a wide range of uses including retail, office, and multifamily development. The property provides immediate income with tenants in place while offering exceptional flexibility for redevelopment or owner occupancy. Building features include elevator service, a dry sprinkler system, energy-efficient LED lighting throughout, and new AC units within the last 5 years. Over 20 paved parking spaces are included, with an additional gravel lot for more parking or future development potential. Located in the thriving Market East District, the property is minutes away from Mass Ave, the Cultural Trail, Gainbridge Fieldhouse, and some of the best dining in the city! Whether you're seeking a stable investment, value-add opportunity, or future redevelopment play, this site offers a unique combination of location, flexibility, and long-term upside in one of Indy's most dynamic urban corridors.

536 E Market Street, Indianapolis

Listing courtesy of Shelly Johnson. Keller Williams Indy Metro S
1504 N Park Avenue, Indianapolis
$3,900,000
8 Beds ⋅ 10 Baths
Welcome to the VonHake-Rau house in the historic Old Northside! This completely renovated Queen Anne style home sits on a half-acre lot. Highlights are a main home featuring 4 beds 5 1/2 baths, and elevator, a completely renovated 2100s.f. carriage house that has been converted to a 3 bed 3 full bath two story home w/elevator, and finally, a rare for downtown 4 car garage with an 1,100 s.f. one bed apartment above! As you enter the main home, you'll love the impressive original wooden doors that lead you into the foyer and grand staircase. Den/office to your left with original fireplace and custom built-ins. Two living spaces separated by a cozy 2-sided fireplace offers a great space for entertaining. Original hardwoods and details throughout. The kitchen is light and bright with loads of storage, Dacor S/S commercial grade appliances, and custom finishes. The second floor offers 3 bedrooms, 3 full baths, and laundry room. The 3rd floor is a private retreat w/kitchenette, 2 fireplaces, large custom closets and dual full bathrooms. The wrap-around porch facing the large lush lot with mature trees is another rarity for downtown living. Home also features a back-up generator system. Altogether, this property offers incredible flexibility for multi-generational living, guests, or additional income opportunities. Walkable to Mass Ave, the Cultural Trail, Bottleworks, The Monon, and just an 8 minute drive to the Circle and all downtown offers.

1504 N Park Avenue, Indianapolis

Listing courtesy of Terry Brown. CENTURY 21 Scheetz
1 N Illinois Street, Indianapolis
$3,900,000
3 Beds ⋅ 4 Baths
Residence 2101 at The Conrad Indianapolis offers 3 bedrooms, 3.5 baths, and over 5,200 square feet of sophisticated living space on the 21st floor of one of downtown's most recognizable buildings. Designed by Jonathan Hess and Brenner Design, this condo features contemporary design elements, seamless TRIPhase Technologies smart home integration and panoramic views of Monument Circle and the northern downtown skyline. The open plan, highlighted by a broad entry hall and a gourmet kitchen connecting the living room and dining room, functions well for large gatherings. The kitchen features Sub-Zero, Wolf and Viking appliances, granite counters, and a walk-in pantry. Two balconies provide separate outdoor living with broad skyline views. The primary suite offers dual vanities, jetted tub, walk-in dual-head shower, private water closet and a spacious walk-in closet. The second bedroom suite includes a private bath, while the third bedroom, currently configured as a private office, provides a separate entrance, built-in cabinetry, full bath, and an architectural partition wall for privacy. Separate media room, laundry room and guest bath. Additional amenities include a private residential entrance, dedicated concierge, two deeded parking spaces, high level security, as well as, full access to hotel amenities including hotel catering, spa, pool, fitness center, sauna, steam room and The Capital Grill and The Lounge. Indoor skywalk access connects to Lucas Oil Stadium, Gainbridge Fieldhouse, and the Indiana Convention Center. Walking distance to Eiteljorg Museum, Victory Field, The Indianapolis Zoo and Everwise Amphitheater. Experience unmatched luxury living and elevated convenience in the heart of Indianapolis.

1 N Illinois Street, Indianapolis

Listing courtesy of Michael Johnson. Encore Sotheby's International
2121 Hillside Avenue, Indianapolis
$3,900,000
FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.

2121 Hillside Avenue, Indianapolis

Listing courtesy of Randall Reichmann. United Real Estate Indpls
1 N Illinois Street, Indianapolis
$3,500,000
3 Beds ⋅ 4 Baths
Perched high above the heart of downtown Indianapolis, Residence #2102 at the iconic 1 N. Illinois Street inside the Conrad Indianapolis offers a level of sophistication, privacy, and luxury that is simply unrivaled. Encompassing over 5,000 square feet of exquisitely curated living space, this sky-high residence features nearly 360-degree panoramic views of the city's skyline. A stately 30-foot gallery-style entryway sets the tone for this extraordinary home, where refined craftsmanship and timeless design are found at every turn. The gourmet kitchen is a chef's dream, outfitted with top-tier appliances including Wolf double ovens and gas range, Sub-Zero integrated refrigeration, and Miele dishwasher, all seamlessly integrated into custom cabinetry and generous stone countertops. A large center island anchors the space, which flows effortlessly into a sunlit hearth room with gas fireplace - the perfect spot for relaxed mornings or quiet evenings. An adjacent butler's pantry provides discreet service access between the kitchen and the formal dining room, while two outdoor terraces, including one with a gas firepit, invite year-round al fresco enjoyment. The grand living room offers breathtaking vistas and abundant natural light, while a richly paneled library with bespoke built-ins and access to a private terrace provide a warm and contemplative retreat. The primary suite is a true sanctuary, featuring a generous bedroom with stunning views, dual walk-in closets, and a spa-like bath with garden tub, double vanities, and elegant finishes. Additional guest suites each offer private en-suite baths and ample closet space, ensuring comfort and privacy for all. Located within one of Indianapolis' most exclusive and secure residential communities - home to just 14 residences - this property includes two private parking spaces in a secured garage and access to a full suite of amenities; 24-hour security, full-time concierge, private entrance, spa, fitness center, and pool.

1 N Illinois Street, Indianapolis

Listing courtesy of Matt McLaughlin. F.C. Tucker Company
948 W 30th Street, Indianapolis
$3,200,000
Stop leasing and start building your own future. We are proud to present a rare, high-value opportunity to acquire Sunrise Christian Academy Child Care- a fully functional, elite-tier childcare business-along with its prime commercial real estate. This is more than a business move; it is a strategic investment that allows you to unlock massive equity through property ownership while stepping into a proven, high-revenue operation. A proven foundation of excellence for 34 years, Sunrise has been a pillar of the community, providing a level of care that is second to none. Elite Standing: This facility has maintained Level 4 status (the highest possible rating) for over 10 consecutive years. Fully Operational: Everything is included. From the licensing history to the classroom equipment, you can step in on Day 1 and lead this business into its next chapter. The Power of Ownership vs. Leasing Why be a tenant when you can be the landlord? Transitioning from a lease to owning your building offers: Equity Growth: Every monthly payment builds your net worth, not your landlord's. Operational Control: No more lease negotiations or unexpected rent hikes. You have total freedom to customize your space. Asset Diversification: You aren't buying a job; you are acquiring a valuable piece of commercial real estate that serves as a lucrative long-term exit strategy. Modern Upgrades & Recent Improvements. The heavy lifting has already been done for you. The property has been meticulously maintained and recently updated to meet modern standards: Interior: Freshly installed luxury vinyl plank flooring and energy-efficient LED lighting throughout. Exterior: Brand-new safety fencing and fully updated playgrounds designed for high-engagement outdoor play. Sunrise Christian Academy is ready for its next 30 years.

948 W 30th Street, Indianapolis

Listing courtesy of Donald Eldridge. Zaident, LLC
315 N Senate Avenue, Indianapolis
$2,900,000
Originally constructed in 1898 by local businessman Herman E. Martens, the building is a beautifully restored example of Classical Revival architecture, featuring unique pentagonal design elements, limestone detailing, and large bay windows. In the early 1990's the building was completely renovated and legally converted into 19 individual parcels. Martens HPR Unit #1 thru#19. The property was extensively renovated while preserving its historic character, offering residents a blend of vintage charm and modern convenience. The units have a combination of hardwood and vinyl flooring, new gourmet kitchens with stove, frig, microwave, dishwasher, disposal and granite/butcher block counters. Units have their own independent electric heat pumps for heating/cooling, electric water heater and 100-amp electric service. Today the building is operated as a 19-unit apartment house but could easily be converted to accommodate a multitude of investment opportunities. The building has nine-1 bedroom/one bathroom, one-1 bedroom/1.5 bathroom, eight- 2 bedroom/2 bathroom and one-2 bedroom/one bathroom. The buildings brick and limestone exterior, newer windows and updated electrical and plumbing keep maintenance cost low. Over the past few years, a new Firestone rubber membrane roof and two new Velux skylights have been installed. Situated near the intersection of Senate Avenue and Indiana Avenue, The Martens provides easy access to downtown Indianapolis attractions, cultural venues, restaurants, entertainment districts, and major employment centers. The building's central location within the Indianapolis Mile Square offer's easy access to both IU and Purdue's Indianapolis campuses (2 blocks to the west), Kroger's Grocery (1 block to the north), the Capitol Building (1 block to the south) and Lucas Oil Stadium (4 blocks to the south) The Martens offers a unique residential experience for those seeking historic character, a walkable downtown lifestyle in Indianapolis.

315 N Senate Avenue, Indianapolis

Listing courtesy of Taylor Kumler. Kumler Realty
215 E 3rd Street, Marion
$2,500,000
These historic apartments are full of unique features and right downtown in the epicenter of Marion. Conveniently located by the YMCA, delicious local restaurants and creative local small businesses in the Riverfront District, The Castle Apartments are perfect for anyone wanting to be in the center of the action. There are 11 - 2-bedrooms, 11 - 1-bedrooms, 1 Studio and 1 Office space. There are 4 - 1-bedrooms and 1 - 2-bedrooms furnished apartments in the building ready for extended stay or short-term rental. In the basement of the Castle Apartments there is room for bar/restaurant with a liquor license available.

215 E 3rd Street, Marion

Listing courtesy of Derek Eisenberg. Continental Real Estate Group
517 E Walnut Street, Indianapolis
$2,500,000
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

Listing courtesy of Robert Butcher. Keller Williams Indy Metro NE
1831 Bellefontaine Street, Indianapolis
$2,300,000

1831 Bellefontaine Street, Indianapolis

Listing courtesy of Rich Thomas. Dan Moore Real Estate Services
596 W 100 N, Greenfield
$2,200,000
Spectacular opportunity to own a sizable amount of acreage right on the edge and across the street from the city of Greenfield. Multiple possibilities here for development: could be subdivision, park or recreation area, senior development. There is a house on the property that has no value and probably needs to be razed. There is an older barn that is useable. 51 acres are tillable and currently rented through 2024. Approximately 15 acres of woods. 1 acre pond that is a wetland that can't be disturbed, or you can move it within the property but has to be same acreage as it is currently. Several drains tiles on property including one to keep the pond from overflowing in heavy rains. Document in supplements of Connie Matlock Minor Sub. Lot 1 is the only lot that is part of this listing (Lot 2 is not part of this listing). Parcel is not a perfect rectangle; south border has multiple measurements. Buyer responsible to verify zoning, lot dimensions and suitability of property for buyers use. There does not appear to be any tax exemptions on the properties. As of June 2025, the Seller has entered into an agreement to grant a permanent easement of 60 feet across the north edge of the property for a gas supply line. There will be a temporary easement during construction of additional 30 feet. Seller is willing to consider price allowance for the lack of the ability to use the easement in any construction or development of the property. Same amount of acreage will convey but easement is not able to be built in.

596 W 100 N, Greenfield

Listing courtesy of Scott McGauley. McGauley Realty, Inc.
2000 Dr Martin Luther King Jr Street, Indianapolis
$2,200,000
Large industrial lot with three buildings, zoned I-4, suitable for industrial or commercial. Multiple high doors and recently renovated, with nearby interstate access and plenty of local traffic nearby. Potential for many light or medium industrial uses as well as commercial opportunities.

2000 Dr Martin Luther King Jr Street, Indianapolis

Listing courtesy of Jhirmal Singh. Midland Realty Group, Inc.
195 N 300 W, Lebanon
$1,900,000
3 Beds ⋅ 3 Baths
Experience the perfect blend of luxury, space, and functionality in this stunning custom-built ranch home set on 4.5+ private acres. A gated entrance and fence offering security and seclusion. Designed with an open-concept floorplan, this home offers seamless flow and exceptional craftsmanship throughout. Step inside to find beautiful hardwood floors and striking wood beam accents that elevate the expansive great room, all complemented by large windows that flood the space with natural light. The heart of the home is the luxury kitchen, thoughtfully designed with high-end finishes, large island and a spacious walk-in pantry. Featuring a Master Suite with soaking tub, walk-in shower, double vanities and walk-in closet. Oversized 3 Car Garage with enough depth to accommodate large trucks or suvs. Outside, the property continues to impress with a manicured treelined yard, large covered back porch with extended patio, leading to a standout feature the finished climate-controlled 3,600sqft Pole Barn w/epoxy floors, 14' garage doors, full bathroom, laundry, bonus room, and more ideal for equipment or hobbyists needing ample space. If that isn't enough storage there's more another pole barn with concrete floors. Expanded gravel driveway offers additional parking and room to expand. This one-of-a-kind property offers the best of country living with upscale amenities-don't miss your opportunity to make it yours. Conveniently located near I65 with easy access to ease commute.

195 N 300 W, Lebanon

Listing courtesy of Christine Boespflug. F.C. Tucker Company
505 S East Street, Indianapolis
$1,799,900
4 Beds ⋅ 5 Baths
Exclusive luxury, Wedgwood Building Company custom home located in Fletcher Place with spectacular views of downtown skyline and Lucas Oil Stadium. This modern homes provide upscale living with urban amenities. Enjoy living on the Cultural Trail and walk to the many downtown restaurants, sporting events or across the street to the neighborhood park. This home features 4 levels with an elevator, 2 car attached garage, and rooftop terrace with 2 additional outdoor areas. The lower level has a separate residence option with private entrance, BR & BA, Kit, & Laundry, LVT flooring, and is great for in-law quarters, guests, or Airbnb. Premium finishes throughout and Sub Zero and Wolf appliances in the impressive kitchen. 4 spacious bedrooms all with en suite BA. Smart design features, gas fireplace provision on expansive (1127sqft) rooftop with Trex decking, and 2 EV charging stations with epoxy flooring in garage! See attached plans for further detail. Utility wire in back to be buried and pole removed. 2 adjacent lots available to custom build a Buyer's own unique home. Contact List Agent for further information.

505 S East Street, Indianapolis

Listing courtesy of Tom McNulty. McNulty Real Estate Services,
2008 / 2012 E Washington Street, Indianapolis
$1,799,000
A 16-unit building bringing in $15,910 a month with another $2,890 sitting on the table once you fill the two vacant units. Two side-by-side 8-unit buildings at 2008 and 2012 E Washington, sold together as one package. Every unit is a one-bed, one-bath layout, fully renovated under current ownership. New flooring, fresh paint, updated fixtures, modern kitchens and bathrooms. Electronic locks on every door, so turnovers don't turn into a rekey project. Fourteen units are leased today. Rents run from $1,060 to $1,175, with most around $1,130. Stabilized at $1,175 across all 16, the property produces $18,800 a month, or $225,600 a year. Two of the eight units in 2008 are vacant and turn-ready. Lease them up and that upside is yours, no renovation required. The expense side is clean. Seventeen months of seller actuals show operating expenses averaging about $5,041 a month, or just over $60,000 a year. Insurance is one blanket policy across both buildings. Trash, pest, internet, and taxes are flat fixed costs. Maintenance ran a little hot in late 2025 while leaks were chased down, and that line is trending back to baseline now. At stabilized occupancy, expenses level out around $5,216 a month and net operating income lands near $163,000 before debt. Each building runs on two central HVAC systems, four across the package. Shared parking in the rear gives every tenant one space. Roof, electrical, plumbing, and HVAC were all inspected at acquisition and reports are available. East Washington is one of the more active corridors in Indianapolis right now. New businesses, real neighborhood investment, and quick access to downtown, Fountain Square, and Irvington. You're buying into the path of growth, not chasing it. Rent roll, profit and loss, and the full deal package are ready for qualified buyers.

2008 / 2012 E Washington Street, Indianapolis

Listing courtesy of Max Moore. @properties
1325 Middle Jamestown Road, Lebanon
$1,650,000
3 Beds ⋅ 3 Baths
Experience the perfect blend of luxury, recreation, and peaceful country living on this truly one-of-a-kind 5-acre estate. Seller moving out of state. Built in 2024, this exceptional property features a stunning 3,600-square-foot custom ranch, 600-amp electrical service, a professionally designed 5,000-square-foot heated indoor training facility, a meticulously maintained full-size baseball field, and a picturesque one-acre stocked pond--creating a lifestyle unlike anything else currently on the market. Designed with both everyday living and entertaining in mind, the home offers three spacious bedrooms, 2.5 bathrooms, and an open-concept layout filled with natural light. A custom bunkroom with four built-in full-size beds adds a unique and functional space perfect for guests or weekend gatherings. Step outside to an impressive 26'x 30' covered outdoor living area featuring a large island bar, multiple TVs, and ample seating-ideal for game days, cookouts, entertaining, or simply relaxing while overlooking the baseball field. Enjoy peaceful mornings fishing at the fully stocked pond, home to bluegill, bass, and catfish. The heated indoor training facility is finished with premium turf and two batting cages, offering endless possibilities for athletes, coaches, business owners, fitness enthusiasts, or anyone seeking an exceptional recreational, training, or workshop space. Conveniently located just minutes from shopping, dining, schools, and major highways, this extraordinary estate is more than a home--it's a destination where lifelong memories are made and every day feels like a getaway. To make the transition even easier, the sellers are also open to selling much of the home's furnishings, creating a rare turnkey opportunity for buyers ready to enjoy the property from day one. All furnishings were purchased new in 2024 when the home was completed

1325 Middle Jamestown Road, Lebanon

Listing courtesy of Joshua Vida. Paradigm Realty Solutions
1340 N Park Avenue, Indianapolis
$1,599,900
FIVE UNIT INVESTMENT BRINGING IN $13,100/MONTH - ALMOST FULLY LEASED, TURNKEY, AND POSITIONED FOR LONG-TERM APPRECIATION! 1340 North Park Avenue is a heavily updated five-unit building in the heart of the Old Northside, one of Indianapolis' most historic, walkable, & consistently appreciating neighborhoods. Producing $13,100 in monthly income, ($157,200 annually), this stabilized asset delivers immediate cash flow with strong tenant demand and minimal operational lift. Each spacious residence offers two bedrooms and two bathrooms with updated kitchens, refreshed bathrooms, modern layouts, and in-unit laundry hookups. The penthouse stands out with a private rooftop deck and downtown vies, while all residents benefit from assigned off-street parking - amenities that continue to support premium rents and retention. This is not a "chase yield" property - it is a wealth preservation and appreciation play. Assets like this are typically acquired by investors who prioritize tenant quality, and long-term equity growth over short-term returns. The building is four-fifths occupied, creating dependable income from day one, with additional upside through future rent growth and expense optimization. Situated just minutes from the Bottleworks District, tenants enjoy some of the city's best dining, entertainment, and boutique retail, reinforcing the area's desirability and long-term value. Ideal for a 1031 exchange buyer, high-income professional, or portfolio investor looking to anchor their holdings with a blue-chip multifamily asset, 1340 North Park Avenue represents a rare opportunity to acquire a clean, high-performing property in a premiere Indianapolis location!

1340 N Park Avenue, Indianapolis

Listing courtesy of Tyler Lingle. @properties
1340 N Park Avenue, Indianapolis
$1,599,900
FIVE UNIT INVESTMENT BRINGING IN $13,100/MONTH - ALMOST FULLY LEASED, TURNKEY, AND POSITIONED FOR LONG-TERM APPRECIATION. 1340 North Park Avenue is a heavily updated five-unit building in the heart of the Old Northside, one of Indianapolis' most historic, walkable, & consistently appreciating neighborhoods. Producing $13,100 in monthly income, ($157,200 annually), this stabilized asset delivers immediate cash flow with strong tenant demand & minimal operation lift. Each spacious residence offers two bedrooms & two bathrooms with updated kitchens, refreshed bathrooms, modern layouts, & in-unit laundry hookups. The penthouse stands out with a private rooftop deck & downtown views, while all residents benefit from assigned off-street parking - amenities that continue to support premium rents & retention. This is not a "chase yield" property - it is a wealth preservation & appreciation play. Assets like this are typically acquired by investors who prioritize location, tenant quality, & long-term equity growth over short-term returns. The building is four-fifths occupied, creating dependable income from day one, with additional upside through future rent growth & expense optimization. Situated just minutes from the Bottleworks District, tenants enjoy some of the city's best dining, entertainment, & boutique retail, reinforcing the area's desirability & long-term value. Ideal for a 1031 exchange buyer, high-income professional, or portfolio investor looking to anchor their holdings with a blue-chip multifamily asset, 1340 North Park Avenue represents a rare opportunity to acquire a clean, high-performing property in a premiere Indianapolis location!

1340 N Park Avenue, Indianapolis

Listing courtesy of Tyler Lingle. @properties
2101 N Pennsylvania Street, Indianapolis
$1,555,000
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

Listing courtesy of Charlene Gaard. No Limit Real Estate, LLC
623-625 S Tillotson Avenue S, Muncie
$1,500,000
Fully leased 12 unit commercial property with opportunity for redevelopment or hold this 100% occupied property for the income stream. This 3 building, 12 unit business property is located on Tillotson Ave in Muncie IN adjacent to Payless (Kroger Brand) Grocery, Taco Bell and KFC. This is a strong retail and medical corridor located between Downtown Muncie and Yorktown in SW Muncie. Close to Ball State University, Indiana University Hospital and White River.

623-625 S Tillotson Avenue S, Muncie

Listing courtesy of Kulwinder Benipal. eXp Realty, LLC
22 S State Street, Greenfield
$1,499,900
Positioned in the heart of Downtown Greenfield, this 12,512 SF, three-suite office building offers an outstanding combination of location, updated space, existing rental income and future leasing potential. Located on a prominent corner just south of Main Street/US 40, the property sits directly across from the Hancock County Courthouse, one block from the Courthouse Annex and Depot Park, and adjacent to significant new downtown development. The building has been extensively updated inside and out and is designed to accommodate multiple professional users. Two suites are currently leased, while the 2,494 sq ft 22 S State Street suite offers an excellent opportunity for an owner-occupant or additional tenant. Each suite has its own entrance, identity and layout. 22 S State Street, formerly home to McCleerey's Sporting Goods, a Greenfield staple for 50 years, was renovated in 2022 with more than $57,000 in improvements. The main level offers a large open workspace, meeting room, kitchenette and restroom. Upstairs are two private offices, an additional restroom and storage. Furnishings are included, creating a move-in-ready professional office. 32 S State Street offers approximately 4,300 SF of updated, leased main-level office space with approximately five years remaining on the lease. Features include a large reception area, four glass-enclosed meeting rooms, seven private offices, multiple work/storage areas, kitchen, three restrooms and multiple entrances. 6 W South Street contains approximately 4,660 SF of leased upper-level office space accessible by stairs and elevator. The layout includes seven private offices, two meeting rooms, reception area, multiple workstation areas, large collaborative workspace with kitchenette and two restrooms. Lease extends through the end of 2027.

22 S State Street, Greenfield

Listing courtesy of Ben Crouch. F.C. Tucker Company
2309 Elmwood Drive, Lebanon
$1,450,000
3 Beds ⋅ 4 Baths
Welcome to 2309 Elmwood Drive, an exceptional Thrine-built custom home located in the prestigious Elmwood golf course community, adjacent to Historic Ulen Country Club. This executive all-brick home with a 3-car attached garage offers luxury, quality craftsmanship, and an ideal floor plan for everyday living and entertaining. The open-concept design features beautiful maple hardwood floors, custom built-ins, a wet bar with wine refrigerator, and a gourmet chef's kitchen complete with a Sub-Zero refrigerator, Wolf double ovens, quartz countertops, a built-in deep fryer, pot filler, and abundant custom cabinetry. Each bedroom offers its own private full bath, while the luxurious primary suite features heated bathroom floors and a spacious walk-in closet. Enjoy outdoor living on the covered Trex deck overlooking the fenced backyard, enhanced by an irrigation system serving both the front and rear lawns. The heated and air-conditioned 3-car garage provides year-round comfort and versatility for vehicles, hobbies, or additional workspace. Additional features include a wood-burning fireplace with a gas starter, whole-house Generac generator, and a walk-up unfinished attic above the garage offering incredible storage or future expansion potential (Additional 960 sq ft of potential living space). Just a short walk-or golf cart ride-to Historic Ulen Country Club, this is a rare opportunity to own a beautifully appointed custom home in one of Boone County's most sought-after golf course communities.

2309 Elmwood Drive, Lebanon

Listing courtesy of Heather Schaller. eXp Realty, LLC
1890 W Main Street, Greenfield
$1,400,000
Premium Commercial Office Space - Modern, Functional, and Move-In Ready. This versatile one-and-a-half story office building, constructed in 2004, offers a total of 5,973 sq. ft. of finished space plus an additional 2,142 sq. ft. unfinished basement with its own separate entrance-ideal for storage, expansion, or development. Property Highlights: First Floor (4,367 sq. ft.): Eight private offices, 14-cubicle open office room, reception area, conference room, file/work area, Kitchen and two restrooms (one ADA compliant). Second Floor (1,606 sq. ft.): Eight additional private offices, One restroom with standing shower, spacious open work area. Additional Features: ADA-compliant access ramp, rear covered patio/lunch area, concrete parking lot with 40 striped spaces, CAT5 cabling for full networking and phone systems, three furnaces & three A/C units for zoned HVAC control. The building is idea for professional services, medical, tech firms, or any business seeking a polished and functional workspace with room to grow. Zoned NR-National Road. Building for sale; not the business.

1890 W Main Street, Greenfield

Listing courtesy of Kathy Hall. Berkshire Hathaway Home
3159 N Pennsylvania Street, Indianapolis
$1,399,000
4 Beds ⋅ 4 Baths
An architectural work of art, this extraordinary Mission Revival residence is a one of a kind, distinctive Indianapolis home. Originally designed by renowned local architect Clarence Martindale, 3159 N. Pennsylvania is reimagined for modern luxury living. Fine craftsmanship and restoration reside in graceful arches, designer lighting, solid 18-inch-thick exterior walls, and immaculate tile finishes that honor the home's character. A custom landscape plan, combined with renovated windows, roof, insulation, stucco, and bespoke interior millwork, provide unmatched scale and enduring beauty. The stunning kitchen is outfitted with quartzite countertops, a walk-in pantry, Bertazzoni appliances and a statement plaster range hood. Natural light shines in the living room with exposed wooden beams, a gas fireplace, and arched French doors that lead to an impressive veranda elevated above Pennsylvania Street, perfect for al fresco gatherings. The circular floorplan offers a dining or media room complete with a soapstone wet bar, and sophisticated office with restored original pocket doors. The mudroom, full bath, and attached two-car garage enhance easy living. Ascend the preserved staircase illuminated by original leaded-glass windows, to the primary suite featuring a California Closets walk-in wardrobe and spa-inspired bath. Two additional bedrooms, a secondary bath, and dedicated laundry room bring valuable function. The finished lower level expands livability with a fourth bedroom, full bath, spacious living area, and flexible space. Additional highlights include surround sound, dual HVAC systems, irrigation system, ample custom closet storage, and a fenced yard suited for pets, play area, or additional gardens. Join the Meridian Park neighborhood, connected to all of downtown and the best of Indianapolis. 3159 N. Pennsylvania unites architectural significance and modern luxury into an unparalleled residential masterpiece, ready for its new curator.

3159 N Pennsylvania Street, Indianapolis

Listing courtesy of Mary Wernke. Encore Sotheby's International
1704 N Pennsylvania Street, Indianapolis
$1,395,000
The Allen Apartments - A Rare Historic Investment Opportunity in Herron-Morton An exceptional opportunity to acquire a landmark multifamily property in one of Indianapolis' most desirable historic neighborhoods. Known as The Allen Apartments, this impressive three-unit residence offers historic character, timeless architecture, and outstanding long-term investment potential. Each spacious apartment providing immediate income while offering significant opportunity for future rental growth through thoughtful modernization. Built in 1913 by Mathilda Allen, former residence of JK Lilly Jr and other early noteworthy pharmaceutical pioneers. Seller is retiring, prefers a clean deal and no contingencies.

1704 N Pennsylvania Street, Indianapolis

Listing courtesy of Joseph Wootan. Listwithfreedom.com

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


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.


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