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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)

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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 - -

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
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

PROPERTY TAXES

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)
  • Listing ID: 38705497

  • Date on Market: 12/9/2025

  • Last Updated:

  • Address: 200 S State Ave, Indianapolis, IN 46201

Contact the Sale Advisor

200 S. State Ave. | 200 S State Ave

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