1915 Southeastern Avenue
Indianapolis, IN, 46201 $ 750,000
Bedrooms-- Baths-- Sq 9,720 Monthly Estimate*
$ 5,180
for $750,000. This 9,720 square foot building was built in 1905 on a lot size of 0.45.
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!
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FeaturesGeneralHeating Forced Air Natural Gas
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected
Possession Closing Subject To Tenant Rights
Roof Shingle
Zoning c-3
Year Built 1905
Stories Count 1
Township Center
Property Subtype Office
Tax Year 2024
Current Use Comm Mul Ten Office Restaurant Vacant
County Marion
New Construction N
Property Type Commercial Sale
Possible Use Auto Misc Church Comm Mul Ten Office Restaurant See Remarks
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 19401
Standard Status Active
Tax Lot 115 117 118 114
Legal Description State Square Add L115 Thru L117 & 3' W Side L118 Also 63.85' S End L114
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ExteriorFencing Partial
Parking Features Asphalt
Building Area Total 9720
Lot Size Acres 0.45
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded FeaturesList ByDoc Real Estate, IncBroker
heather@indydocteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,180
- Monthly Property Taxes
- $400
- Monthly 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.
Learn more about how to save NearbyCommerical listings in Indianapolis, IN
Average List Price $887,658
Percent of Sale Price 18%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/9/2026 | $750,000 | -16.66% | Price Down |
| 3/6/2026 | $899,900 | -5.17% | Price Down |
| 11/24/2025 | $949,000 | | Listed Price |