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2840 Doctor M.L.K. Jr Street

Indianapolis, IN 46208

ActiveListed Dec 2, 2025 · 177 days on market

Key facts

Living area
3,888 sqft
Lot
0.08 acres
Year built
1910
Type
Commercial Sale · Mixed Use
MLS #
22075557
County
Marion
Total building area
3,888 sqft

About this home

Location, Location, Location!! Corner Lot. A historical style structure located on a historical named street: Dr Martin Luther King, Jr Street. Zoned C-4! Are you looking for an Opportunity Zone? This is it: Entrepreneurs, bed/breakfast, Office, retail, multifamily/single family, daycare, group home, church, retail, gym, restaurant, office and more. Features: handrails, gutters, porch, fresh exterior paint and more. Structure is completely gutted and ready for a new designer to create the interior. Located near downtown, hwy, hospitals, event centers, Universities, parks, school, church, upcoming/new development and more. Possibly 10 bedrooms (5 on each side). Possible contract with 10% down/terms/conditions TBD. Some fire damage to roof.

Description provided by the listing brokerage.

Exterior

Fencing
Chain LinkFence Complete

Systems

Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
C-4

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,854 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$639per month, estimated
Principal and interest $453Property tax $155Insurance $31
20% · $17,980
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$89,900
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