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Multi Office- Efficiency-Car Sales 3135 Kentucky ave 2,450 SF Vacant Retail Building Indianapolis, IN 46221 $215,000 ($87.76/SF)



Executive Summary
Prime commercial property offering exceptional flexibility and strong income potential. Recently renovated and well-maintained, this versatile building features four separate units—each with its own private bathroom—making it ideal for multi-family living, professional offices, boutique businesses, or a mixed-use investment.
Positioned in a high-visibility location, the property includes 20 on-site parking spaces and a valuable grandfathered business sign—perfect for maximizing exposure and attracting steady traffic. The C-5 zoning opens the door to a wide variety of permitted uses, giving investors and owner-occupants the freedom to adapt the space to their vision.
Whether you’re looking to generate multiple income streams, establish a thriving business hub, or expand your real estate portfolio, this property delivers unmatched potential in a sought-after setting. Opportunities like this are rare—don’t miss your chance to capitalize on its flexibility, location, and long-term upside.
Positioned in a high-visibility location, the property includes 20 on-site parking spaces and a valuable grandfathered business sign—perfect for maximizing exposure and attracting steady traffic. The C-5 zoning opens the door to a wide variety of permitted uses, giving investors and owner-occupants the freedom to adapt the space to their vision.
Whether you’re looking to generate multiple income streams, establish a thriving business hub, or expand your real estate portfolio, this property delivers unmatched potential in a sought-after setting. Opportunities like this are rare—don’t miss your chance to capitalize on its flexibility, location, and long-term upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,450 SF
Year Built/Renovated
1939/2024
Price
$215,000
Price Per SF
$87.76
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.15 AC
Frontage
Amenities
- 24 Hour Access
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-11-29-111-193.000-200 | Improvements Assessment | $28,200 |
| Land Assessment | $19,900 | Total Assessment | $48,100 |
Property Taxes
Parcel Number
49-11-29-111-193.000-200
Land Assessment
$19,900
Improvements Assessment
$28,200
Total Assessment
$48,100
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Multi Office- Efficiency-Car Sales | 3135 Kentucky ave
