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1144 Kentucky Avenue

Indianapolis, IN 46221

PendingListed Apr 20, 2026 · 149 days on market

Key facts

Living area
4,864 sqft
Lot
0.41 acres
Type
Commercial Sale · Mixed Use
MLS #
22096446
County
Marion
Total building area
4,864 sqft

About this home

Own a piece of Indianapolis history-an opportunity to acquire the iconic John's Famous Stew building and land near downtown Indianapolis. Located in Marion County, this property is well positioned to draw consistent commuter and neighborhood traffic. The 2,432 sq. ft. first floor is currently operated as a restaurant and offers historic character and authentic charm. The 2,432 sq. ft. second floor includes eight leased studio apartments. The 11,000 sq. ft. parking lot accommodates approximately 35 vehicles, and an additional 700 sq. ft. basement provides storage potential. The site is minutes from Lucas Oil Stadium, the Convention Center, and Eleven Park, with nearby White River Development expansion.

Description provided by the listing brokerage.

Exterior

Parking and garage
AttachedAsphaltGuest

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
COM REST-430

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$8,508 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,970per month, estimated
Principal and interest $3,050Property tax $709Insurance $212
20% · $121,000
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$605,000
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