4498 N Keystone Avenue Indianapolis, IN $ 1,499,999
4498 N Keystone Avenue
$ 1,499,999
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4498 N Keystone Avenue

Indianapolis, IN, 46205
$ 1,499,999
Bedrooms-- Baths-- Sq 10,789

Monthly Estimate*

$ 10,360

4498 N Keystone Avenue, Indianapolis, IN 46205 - Image 1
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4498 N Keystone Avenue, Indianapolis, IN 46205 - Image 10
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Commercial Property for sale in Indianapolis, IN

for $1,499,999. This 10,789 square foot building was built on a lot size of 0.3.

Exceptional redevelopment and repositioning opportunity consisting of multiple contiguous parcels located at 4498 N Keystone Ave, 4460 N Keystone Ave, 2325 E 45th St, 2323 E 45th St, 2301 E 45th St, and 2219 E 45th St, Indianapolis, IN. This rare assemblage offers approximately 1.63 acres with a unique combination of Keystone Avenue frontage, I1 Light Industrial zoning, and C3/D5 commercial zoning creating exceptional flexibility for future redevelopment or adaptive reuse. Properties are adjacent to the Nickel Plate Trail corridor and positioned within an evolving urban infill area experiencing increasing redevelopment and flex-industrial demand. Potential uses may include flex industrial redevelopment, contractor service bays, industrial condominiums, showroom/warehouse concepts, adaptive reuse commercial space, creative office or studio space, maker-space/artisan industrial, live/work concepts, storage/service facilities, and long-term redevelopment opportunities. Most buildings currently vacant allowing flexibility for repositioning and redevelopment planning. Seller currently offering properties as a package sale only, however seller may consider dividing parcels for the right offer. Buyer to independently verify all zoning, permitted uses, redevelopment potential, environmental matters, utility availability, and all information material to buyer's intended use with the appropriate governmental authorities.

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Commercial Active

Price

$ 1,499,999

Property Type

Commercial

Taxes

$ 1,544

Style

Mixed Use

Lot Size

0.3

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22103933

Features
General
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Zoning C3 D5 I1
Stories Count 1
Township Washington
Property Subtype Mixed Use
Tax Year 2024
Current Use See Remarks
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 13255
Standard Status Active
Tax Lot For
Legal Description Montrose L598 L599 & L600 Ex 20Ft E Side Of Eachlot For Widening Keystone Ave
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Exterior
Building Area Total 10789
Lot Size Acres 0.3
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* Excluded Features
List By
No Limit Real Estate, Llc

Broker

charlenegaard@aol.com

Email

Affordability Calculator

$10,489
Per Month
99%
1%
0%
Monthly Principal & Interest
$10,360
Monthly Property Taxes
$129
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.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2026$1,499,999 Listed Price

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4498 N Keystone Avenue, Indianapolis, IN, 46205 is a Commercial Property for sale at $1,499,999 with 10,789 sqft and a lot size of 0.3. The property's zip code is 46205 which is in Indianapolis, IN