5397 E 38th Street Indianapolis, IN ^$ 290,000

5397 E 38th Street

^$ 290,000

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5397 E 38th Street

Indianapolis, IN, 46218

^$ 290,000

Bedrooms-- Baths-- Sq 2,964

Monthly Estimate*

^$ 2,003

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Commercial Property for sale in Indianapolis, IN

for $290,000. This 2,964 square foot building was built on a lot size of 0.23.

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

Commercial Active

Price

^$ 290,000

Property Type

Commercial

Taxes

^$ 2,336

Style

Business

Lot Size

0.23

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22073143

Features

General

Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected

Possession Negotiable

Zoning C-1

Stories Count 1

Township Warren

Property Subtype Business

Tax Year 2024

Current Use Office

County Marion

New Construction N

Property Type Commercial Sale

Facing Direction North

Possible Use Office Residential

Status Active

Directions GPS Friendly

City Indianapolis

High School District Indianapolis Public Schools

MLS Area 4905 - Marion - Warren

Lot Size Square Feet 9828

Additional Parcels Y/N N

Standard Status Active

Tax Lot 2335

Legal Description Harrison Heights Add Pt L32 Beg Se Cor L32 N182.91 W54 S182.96 E54 To Beg 0.227 Ac.

Exterior

Parking Features Attached Garage Faces Rear On Street

Building Area Total 2964

Lot Size Acres 0.23

Waterfront Y/N N

* Excluded Features

List By

Ron Cheeks Real Estate Group

Broker

ron@speaktocheeks.com

Affordability Calculator

$2,198

Per Month

Monthly Principal & Interest: $2,003
Monthly Property Taxes: $195
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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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Nearby

Trends
Schools

Commerical listings in Indianapolis, IN

Average List Price ^$887,658

Percent of Sale Price 206%

About Indianapolis, IN

843,184 Population

8% Since 2002

^$43,160 Median Income

35.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4044905 Elementary School

4044909 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/28/2026	$290,000	-3.30%	Price Down
11/14/2025	$299,900		Listed Price

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5397 E 38th Street, Indianapolis, IN, 46218 is a Commercial Property for sale at $290,000 with 2,964 sqft and a lot size of 0.23. The property's zip code is 46218 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/17/2026.

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5397 E 38th Street

Commercial Property for sale in Indianapolis, IN

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