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200 S. State Ave. 200 S State Ave 1,550 SF Flex Building Indianapolis, IN 46201 $150,000 ($96.77/SF)



EXECUTIVE SUMMARY
Endless possibilities in a rapidly revitalizing pocket of Indianapolis! This MU-2 zoned commercial building offers unparalleled flexibility for builders, investors, and visionaries. Purchase individually, pair them together, or secure all three for a powerful redevelopment footprint just minutes from downtown Indy. Or, double up and buy the entire corner and include 2 more parcels for sale that can be bundled into this deal at 1705 & 1719 Southeastern. Located in an area experiencing active neighborhood transformation-with nearby homes being renovated, modernized, and sold quickly-this is a rare opportunity to shape the next phase of growth. MU-2 zoning allows for a wide range of uses, from residential builds to commercial storefronts, mixed-use concepts, live/work spaces, or an urban infill development that fits the momentum of the surrounding community. Whether you're planning a single project or assembling a multi-parcel investment, this location sets the stage for long-term value and exceptional potential. The possibilities here are wide-open-bring your ideas and create something incredible.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $150,000 | No. Stories | 1 |
| Price Per SF | $96.77 | Year Built/Renovated | 1925/2018 |
| Sale Type | Owner User | Tenancy | Single |
| Property Type | Flex | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 1,550 SF | Opportunity Zone |
Yes
|
| Zoning | MU2 | ||
| Price | $150,000 |
| Price Per SF | $96.77 |
| Sale Type | Owner User |
| Property Type | Flex |
| Rentable Building Area | 1,550 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1925/2018 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | MU2 |
1 1
PROPERTY TAXES
| Parcel Number | 49-10-07-103-009.000-101 | Improvements Assessment | $32,700 (2024) |
| Land Assessment | $3,800 (2024) | Total Assessment | $36,500 (2024) |
PROPERTY TAXES
Parcel Number
49-10-07-103-009.000-101
Land Assessment
$3,800 (2024)
Improvements Assessment
$32,700 (2024)
Total Assessment
$36,500 (2024)
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200 S. State Ave. | 200 S State Ave
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