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4902 S High School Road

Indianapolis, IN 46221

ActiveListed Aug 5, 2024 · 767 days on market

Key facts

Living area
2,986 sqft
Lot
0.88 acres
Year built
1841
Type
Commercial Sale · Office
MLS #
21994616
County
Marion
Total building area
2,986 sqft

About this home

2 Parcels and 2 buildings. 6301 Thompson Rd. (Building 1) & 4902 S. High school Rd. (Building 2/ Corner Lot). Property Overview: Offering a unique commercial investment opportunity, this property consists of two separate parcels totaling just under one acre, ideally located at the bustling intersection of Thompson and High School Road, minutes from I-465 and Decatur Central High School. Surrounded by a vibrant mix of businesses and dining options, this site benefits from high visibility and traffic, making it an excellent location for any enterprise. Building 1 Details: Previously operating as a dental laboratory, this versatile building is well-suited for a variety of uses including retail, office space, or service-oriented businesses. The structure features a well-planned layout with private offices, a functional kitchen, and ample parking for staff and visitors. Additionally, it offers potential workspace in the basement, enhancing the usability of the property. The building's adaptable design and existing facilities provide a ready-to-use space or a canvas for customization according to specific business needs. Building 2 Details: Situated on a prominent corner lot, this building is currently stripped down to the studs, offering a blank slate for a rebuild. It presents a remarkable opportunity for investors or business owners to design and construct a facility that perfectly suits specific needs, whether that involves extensive remodeling of the existing structure or demolishing it to make way for a new development that complies with C-3 zoning requirements.

Description provided by the listing brokerage.

Exterior

Roof
Shingle
Parking and garage
CommonAsphalt

Systems

Cooling
Central Air
Utilities
See Remarks

Lot and HOA

Zoning
C-3

Schools

Middle school
Decatur Middle School
School district
MSD Decatur Township

Taxes

Estimated annual tax
$6,974 / yearTwice the semi-annual installment the listing reports.
Tax year
2023

Estimate your monthly payment

$3,595per month, estimated
Principal and interest $2,818Property tax $581Insurance $196
20% · $111,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$559,000
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