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2145 Ransdell Street

Indianapolis, IN 46225

ActiveListed Oct 28, 2025 · 360 days on market

Key facts

Living area
8,667 sqft
Lot
0.26 acres
Type
Commercial Sale · Industrial
MLS #
22070610
County
Marion
Total building area
8,667 sqft

About this home

Located at the end of a quiet cul-de-sac just north of Raymond Street and minutes from Garfield Park, 2145 Ransdell Street offers a rare industrial opportunity in one of Indianapolis's most promising growth corridors. This wide-open warehouse-style property is currently used for storage and features convenient drive-in garage doors, excellent access to I-65, and proximity to Downtown Indianapolis. The building requires significant rehabilitation, including a new roof, window and ceiling replacement, and electrical upgrades, but its solid structure and flexible layout make it ideal for an owner-occupant or investor ready to reimagine the space. Positioned near the revitalized Garfield Park neighborhood, the area is seeing renewed investment and development. Nearby businesses, creative studios, and local favorites such as Garfield Brewery, Cafe Babette, and Skosh Provisions contribute to a vibrant, up-and-coming community atmosphere. The park itself-one of Indianapolis's oldest and most beloved green spaces-anchors the area with year-round recreation, walking trails, and community events, drawing consistent local activity. With improving infrastructure and increasing demand for flexible industrial and creative-use properties on the near south side, 2145 Ransdell Street represents a strategic opportunity to acquire a property with substantial potential in a neighborhood on the rise. The property is being sold as-is, and financing will likely need to include a rehab loan, making it a strong fit for a buyer with the resources and vision to complete a thoughtful redevelopment.

Description provided by the listing brokerage.

Systems

Utilities
Electricity Connected

Lot and HOA

Zoning
1-4

Schools

Middle school
HW Longfellow Med/STEM Magnet Midl
High school
Arsenal Technical High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,196 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,064per month, estimated
Principal and interest $1,759Property tax $183Insurance $122
20% · $69,800
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$349,000
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