803 E 38th Street Indianapolis, IN $ 369,900
803 E 38th Street
$ 369,900
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803 E 38th Street

Indianapolis, IN, 46205
$ 369,900
Bedrooms-- Baths-- Sq 3,264

Monthly Estimate*

$ 2,555

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Commercial Property for sale in Indianapolis, IN

for $369,900. This 3,264 square foot building was built on a lot size of 0.15.

Beautiful all brick bldg and garage with slate roof on prime corner lot directly on the IndyGo rapid transit-purple line; great visibility 38th frontage receiving over 25k in auto traffic daily, the same business corridor as Oak Street Medical Clinic, DaVita kidney care, Bank of America, Family Dollar, Rally's Restaurant and within .5 miles of the $200M State Fairgrounds. There are 3 entry doors into the building and an additional private entry into the front suite (currently used as a salon). The main 1st floor entryway leads to a common hallway, beautiful staircase half bath, full kitchen, and two large offices totaling appx 1221SF. The 2nd level of appx 1019SF consist of 4 private offices each with large storage closets and multiple zone alarmed system (partitioned for each office), and full bath with shower and closet in hallway. The 3rd floor is a walkable attic which provides appx 1000SF of storage in attic. The full (partially finished) basement with entry door has 7 foot drop ceilings a full bath (currently inoperable) and is just over 1000SF. In addition, the over-sized 3 car detached garage (21x31ft) w/8 ft doors offers tremendous added value as rentable space or use for more storage. This property offers rare access to major thoroughfares, other thriving businesses, commercial zoning and the existing infrastructure to complement and grow any MU-1 business.

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Commercial Active

Price

$ 369,900

Property Type

Commercial

Taxes

$ 3,952

Style

Mixed Use

Lot Size

0.15

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22104410

Features
General
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Zoning MU1
Township Center
Property Subtype Mixed Use
Tax Year 2025
Current Use Comm Sgl Ten
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 6490
Standard Status Active
Tax Lot 1010167
Legal Description Mendenhalls 38th Street Boulevard Add L10
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Exterior
Parking Features Detached
Building Area Total 3264
Lot Size Acres 0.15
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* Excluded Features
List By
E & L Son Enterprise, Llc

Broker

pjourney@elsonllc.com

Email

Affordability Calculator

$2,884
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,555
Monthly Property Taxes
$329
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
10/30/2026$369,900 -3.90% Price Down
8/7/2026$384,900 -1.28% Price Down
7/14/2026$389,900 -2.50% Price Down
5/27/2026$399,900 Listed Price

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803 E 38th Street, Indianapolis, IN, 46205 is a Commercial Property for sale at $369,900 with 3,264 sqft and a lot size of 0.15. The property's zip code is 46205 which is in Indianapolis, IN