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1041 S East Street

Indianapolis, IN 46225

ActiveListed Sep 29, 2026 · 1 day on market

Key facts

Living area
1,128 sqft
Lot
0.05 acres
Type
Commercial Sale · Business
MLS #
22128782
County
Marion
Total building area
1,128 sqft

About this home

Unique Commercial Opportunity - Active Short-Term Rental Near Downtown Rare opportunity to own a commercially zoned property currently operating as a successful Airbnb just minutes from downtown. This beautifully updated two-bedroom, two-bath space offers a flexible layout featuring a spacious loft and an expansive upper deck with stunning city views. Thoughtfully renovated with modern finishes, the interior boasts open-concept living areas, updated kitchen and baths, and abundant natural light throughout. The large loft provides additional sleeping or lounge space, maximizing guest capacity and rental appeal. The private upper-level deck is a true highlight - perfect for entertaining or relaxing while enjoying panoramic skyline views. Located near downtown with excellent walkability to restaurants, breweries, coffee shops, and entertainment, this property sits in a highly desirable area for both short-term rental guests and business visibility. Easy access to major highways, cultural districts, and local attractions further enhances its value. Ideal for investors seeking immediate income potential, entrepreneurs wanting a live/work concept, or buyers looking for a distinctive commercial space in a prime urban location. A rare blend of location, versatility, and income-producing potential - opportunities like this don't come around often.

Description provided by the listing brokerage.

Exterior

Parking and garage
On Street

Systems

Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
C5

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$4,364 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,116per month, estimated
Principal and interest $1,638Property tax $364Insurance $114
20% · $65,000
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$325,000
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