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536 E Market Street

Indianapolis, IN 46204

ActiveListed Jun 15, 2026 · 3 days on market

Key facts

Living area
20,952 sqft
Lot
0.91 acres
Type
Commercial Sale · Office
MLS #
22108271
County
Marion
Total building area
20,952 sqft

About this home

Rare opportunity to acquire a well-maintained, mixed-use investment property in the heart of Indianapolis. With over 20,000 square feet, this versatile site is zoned CBD-2, allowing for a wide range of uses including retail, office, and multifamily development. The property provides immediate income with tenants in place while offering exceptional flexibility for redevelopment or owner occupancy. Building features include elevator service, a dry sprinkler system, energy-efficient LED lighting throughout, and new AC units within the last 5 years. Over 20 paved parking spaces are included, with an additional gravel lot for more parking or future development potential. Located in the thriving Market East District, the property is minutes away from Mass Ave, the Cultural Trail, Gainbridge Fieldhouse, and some of the best dining in the city! Whether you're seeking a stable investment, value-add opportunity, or future redevelopment play, this site offers a unique combination of location, flexibility, and long-term upside in one of Indy's most dynamic urban corridors.

Description provided by the listing brokerage.

Exterior

Parking and garage
CommonGated

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
CBD-2

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$18,414 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$22,559per month, estimated
Principal and interest $19,659Property tax $1,535Insurance $1,365
20% · $780,000
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$3,900,000
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