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1640 Prospect Street

Indianapolis, IN 46203

ActiveListed Feb 4, 2026 · 237 days on market

Key facts

Living area
4,379 sqft
Type
Commercial Sale · Retail
MLS #
22082722
County
Marion
Total building area
4,379 sqft

About this home

The last Premier Lots in Fountain Square Proper are available for your vision to showcase what could be the best investment of your life! 6 LOTS in total at just shy .8 acres, zoned C-4 with 1 lot containing a 2 bed 1.5 bath residence. This is a diamond in the rough waiting to shine. Property has not been functioning as a bar since 2010 and no longer possesses the 210 liquor license. This is a unique property protected under the National and local Historic associations, desiring specific talent to bring it back to what it once was or could be. Lots consist of Historic Sam's Saloon with 2 bedrooms and 1 bath upstairs above the original bar area, a 44x180 metal barn, a 2 bed residence and 3 vacant lots to allow plenty of parking that will be required with a functioning business. Take a look and let your imagination wander!

Description provided by the listing brokerage.

Systems

Heating
Forced AirWood Stove
Cooling
Central Air
Utilities
Sep Electric MeterSep Gas MeterSewer ConnectedWater ConnectedSee Remarks

Lot and HOA

Zoning
C-4

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,402 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$3,621per month, estimated
Principal and interest $3,277Property tax $117Insurance $228
20% · $130,000
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$650,000
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