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5117 E Washington Street

Indianapolis, IN 46219

ActiveListed Oct 7, 2025 · 358 days on market

Key facts

Living area
3,294 sqft
Lot
0.6 acres
Year built
1930
Type
Commercial Sale · Mixed Use
MLS #
22067198
County
Marion
Total building area
3,294 sqft

About this home

This freestanding commercial 3,294 SF building with residential charm is full of historic character and endless potential. For over 35 years, it was home to a successful chiropractic practice operated by one dedicated owner. Zoned C3, it offers flexibility for a variety of business uses. The 1,230 SF main floor includes a convenient half bathroom for clients, while the 1,044 SF upstairs apartment provides the opportunity to create a full bathroom, kitchen, and up to three offices or bedrooms-ideal for a live/work setup (with variance), additional office space, or income-producing unit. The 1,020 SF basement previously operated as a successful workshop for many years. Featuring a beautiful stone and brick exterior, welcoming front lawn, chimney, and patio area, the property offers strong bones, high visibility, and a proven location in one of Indianapolis's most vibrant historic districts. A large parking lot and additional rear lot provide room for expansion or storage. Bring your vision and restore this property to its full potential in thriving Irvington!

Description provided by the listing brokerage.

Exterior

Parking and garage
Detached

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
C3

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,738 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,929per month, estimated
Principal and interest $1,512Property tax $312Insurance $105
20% · $60,000
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$300,000
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