1701 Prospect Street Indianapolis, IN ^$ 729,000

1701 Prospect Street

^$ 729,000

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1701 Prospect Street

Indianapolis, IN, 46203

^$ 729,000

Bedrooms-- Baths-- Sq 5,368

Monthly Estimate*

^$ 5,035

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Commercial Property for sale in Indianapolis, IN

for $729,000. This 5,368 square foot building was built in 1918 on a lot size of 0.14.

Rare opportunity in Fountain Square neighborhood on a highly visible corner with C4 zoning. This building features three fully leased apartments upstairs and two commercial spaces downstairs. The Karate studio is leased and the adjacent commercial space is currently suitable for office/retail and storage. There is secure parking at the rear of the building. All major mechanicals have been updated.

Commercial Active

Price

^$ 729,000

Property Type

Commercial

Taxes

^$ 4,650

Style

Mixed Use

Lot Size

0.14

Year Built

1918

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22095954

Features

General

Utilities Cable Connected Natural Gas Connected Sewer Connected Water Connected

Possession Closing Negotiable

Zoning C4

Year Built 1918

Stories Count 2

Township Center

Property Subtype Mixed Use

Tax Year 2024

Current Use Residential Retail

Building Name OSTERMEYERS

County Marion

New Construction N

Property Type Commercial Sale

Status Active

Directions GPS Friendly

City Indianapolis

High School District Indianapolis Public Schools

Number Of Units Total 7

MLS Area 4910 - Marion - Center

Lot Size Square Feet 6020

Standard Status Active

Tax Lot 1

Legal Description Ostermeyers Prospect St Add L1

Exterior

Building Area Total 5368

Lot Size Acres 0.14

* Excluded Features

List By

@Properties

Broker

dan@atpropertiesind.com

Affordability Calculator

$5,423

Per Month

Monthly Principal & Interest: $5,035
Monthly Property Taxes: $388
Monthly Home Insurance: --

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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 ^$885,848

Percent of Sale Price 22%

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
5/6/2026	$729,000		Listed Price

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1701 Prospect Street, Indianapolis, IN, 46203 is a Commercial Property for sale at $729,000 with 5,368 sqft and a lot size of 0.14. 1701 Prospect Street was built in 1918. The property's zip code is 46203 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 10/15/2026.

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1701 Prospect Street

Commercial Property for sale in Indianapolis, IN

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