5460 S East Street Indianapolis, IN $ 329,000
5460 S East Street
$ 329,000
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5460 S East Street

Indianapolis, IN, 46227
$ 329,000
Baths0.0 Sq 2,389

Monthly Estimate*

$ 2,298

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Studio

Commercial Property for sale in Indianapolis, IN

for $329,000. This 2,389 square foot building was built in 1925 on a lot size of 0.62.

This is a very unique property. It has been used as a rental. It can be turned into a business as well. The proposed zoning is C-1 - retail, commercial, office service, entertainment, eating establishments. It is adjacent to a BP Gas Station. There are about 38000 cars that drive by daily. The property could be used as a multi-family dwelling as well. It has two units. The main house (unit 1) has a covered porch, living room, 3 bedrooms, kitchen/dining combo, laundry room, one full bath and a small basement. The second unit has 3 bedrooms, living room, two full baths, kitchen/dining combo and a laundry closet. Please note that the bedrooms in unit 2 have no windows. Part of the property is fenced in. The lot is 0.62 acres and goes all the way to the tree line in the back. Well and septic. There are two water heaters - one gas, one electric. Two gas furnaces - one is 2 years old. Two gas meters and one electric meter. This is a blank canvas. Come with your ideas. Property is being sold in as-is condition. Close to I-465.

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Commercial Active

Price

$ 329,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,710

Style

Mixed Use

Lot Size

0.62

Year Built

1925

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21971674

Features
General
Heating Forced Air Gas
Cooling Central Electric
Utilities Electricity Connected Gas Septic System Well
Possession Closing
Roof Shingle
Zoning C-1
Year Built 1925
Stories 1
Township Perry
Levels One
Property SubType Mixed Use
Tax Year 2023
Current Use Residential Vacant
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.5
High School District Perry Township Schools
MLS Area 4907 - Marion - Perry
Lot Size Square Feet 27008
Street Name East
Property Attached Y/N N
Additional Parcels Y/N N
Days on Market 11
Standard Status Active
Tax Lot 1
Buyer Agent Compensation Type %
Legal Description 74Ft El 329Ft Beg 200Ft N Of Se Cor Nw1/4 S1 T14r3 .62Ac
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Exterior
Fencing Fence Complete Privacy
Parking Features Gravel
Building Area Total 2389
Lot Size Acres 0.62
Road Frontage Type State Road
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Interior
Basement (Y/N) Y
Street Suffix Street
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* Excluded Features
List By
M & E Realty Group

Broker

ema.teamboykova@gmail.com

Email

Affordability Calculator

$2,524
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,298
Monthly Property Taxes
$226
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
4044910 Elementary School
4044906 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2024$329,000 Listed Price

Map


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5460 S East Street, Indianapolis, IN, 46227 is a Commercial Property for sale at $329,000 with 2,389 sqft and a lot size of 0.62. 5460 S East Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 46227 which is in Indianapolis, IN