2242 Shelby Street Indianapolis, IN $ 345,000
2242 Shelby Street
$ 345,000
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2242 Shelby Street

Indianapolis, IN, 46203
$ 345,000
Baths0.0 Sq 1,570

Monthly Estimate*

$ 2,410

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Studio

Commercial Property for sale in Indianapolis, IN

for $345,000. This 1,570 square foot building was built in 1905 on a lot size of 0.12.

Picture your restaurant concept in this newly renovated, dazzling property that could be your ticket to redefining dining in the heart of Garfield Park. This property boasts a central location amidst a trendy and vibrant neighborhood, drawing in a diverse and dynamic clientele. The first floor of the main building boasts a comfortable and inviting entry and seat dining area in addition to a seat bar around a sleek, open kitchen. The layout is perfect for entertaining and engaging your guests with culinary creations. A beautiful oak staircase leads to a private 2nd floor for more intimate dining or special gatherings and events. This property also includes an outdoor patio designed for music and al fresco dining, perfect for soaking in the lively atmosphere. Take advantage of the potential to update and rent the unfinished detached garage space for retail ventures or utilize it as an Airbnb opportunity, maximizing income potential. This property is not just a space; it's a canvas for your imagination, offering endless possibilities to create an iconic venue or establish a lucrative business.

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Commercial Active

Price

$ 345,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,206

Style

Retail

Lot Size

0.12

Year Built

1905

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21957118

Features
General
Cooling Central Electric
Utilities Electricity Connected Sewer Connected Water Connected
Possession Closing
Zoning C-3
Year Built 1905
Township Center SE
Levels One and One Half
Property SubType Retail
Tax Year 2022
Current Use Restaurant
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions I-65 north from I-465 to Raymond Street exit west to Shelby Street turn south property located approximately 2 blocks on west side of Shelby Street.
City Indianapolis
Buyer Agent Compensation 3.5
High School District Indianapolis Public Schools
MLS Area 4913 - Marion - Center Se
Lot Size Square Feet 5227
Street Name Shelby
Days on Market 19
Standard Status Active
Tax Lot 491124117057000101
Buyer Agent Compensation Type %
Legal Description Metzgers Garfield Park Add L35
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Interior
Basement (Y/N) Y
Street Suffix Street
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Exterior
Building Area Total 1570
Lot Size Acres 0.12
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* Excluded Features
List By
Keller Williams Indy Metro S

Broker

tharwood@kw.com

Email

Affordability Calculator

$2,844
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,410
Monthly Property Taxes
$434
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/18/2023$345,000 Listed Price

Map


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2242 Shelby Street, Indianapolis, IN, 46203 is a Commercial Property for sale at $345,000 with 1,570 sqft and a lot size of 0.12. 2242 Shelby Street is a studio with 0.0 baths and was built in 1905. The property's zip code is 46203 which is in Indianapolis, IN