Key facts
- Living area
- 2,350 sqft
- Lot
- 0.14 acres
- Type
- Commercial Sale · Retail
- MLS #
- 22127790
- County
- Marion
- Total building area
- 2,350 sqft
About this home
Great opportunity to acquire a 3-unit retail/commercial building offering approximately 2,350 square feet on a 6,120 square foot lot in the Near Northwest Riverside area of Indianapolis. Conveniently located just minutes from Downtown Indianapolis, this property offers excellent potential for an investor looking for a value-add commercial opportunity. The property features three separate retail spaces, providing flexibility for multiple tenants, owner-user possibilities, or a combination of uses. The building does need some repairs and improvements, creating an opportunity for a new owner to renovate, reposition the property, and potentially increase rental income and overall value. The location provides convenient access to Downtown Indianapolis, major thoroughfares, surrounding neighborhoods, businesses, and area amenities. With the right improvements and leasing strategy, this property has the potential to provide multiple income streams, attractive cash-flow potential, and long-term investment upside. Property Highlights: - 3 retail/commercial units - Approximately 2,350 SF building - Approximately 6,120 SF lot - Near Northwest Riverside location - Just minutes from Downtown Indianapolis - Value-add opportunity - Repairs needed - Multiple potential income streams - Potential to increase rents and property value Bring your vision and investment strategy. This could be an excellent opportunity for an investor, owner-user, or someone looking to add a value-add commercial property to their portfolio. Property is being sold as-is. Buyer to verify zoning, permitted uses, measurements, condition, utilities, financials, and all information important to the buyer.
Description provided by the listing brokerage.
Exterior
- Parking and garage
Systems
- Utilities
Lot and HOA
- Zoning
- ZO01
Schools
- Elementary school
- George Washington Carver School 87
- Middle school
- H L Harshman Middle School
- High school
- Shortridge High School
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $3,520 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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