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4602 E 10th St 1,600 SF 100% Leased Office Building Indianapolis, IN 46201 $225,000 ($140.63/SF)

INVESTMENT HIGHLIGHTS
- Two-unit commercial building in the Near Eastside, offering strong flexibility for owner-occupancy or investment
- Basement storage space not included in main square footage, offering additional functional area.
- Recently renovated unit with modern updates including new furnace, electrical wiring, drywall, flooring and more.
- Compact lot size and vintage building (built in 1928) with modernized interior blends character with potential value-add.
EXECUTIVE SUMMARY
Situated on a compact 0.06-acre lot in Indianapolis’ Near Eastside, this well-positioned commercial building offers approximately 2,411?sq?ft of space and is zoned C-4 for general commercial use. Constructed in 1928, the structure is divided into two roughly equal units — one fully renovated with modern updates including a new furnace, wiring, drywall, and flooring; the second unit is currently leased to a cooking-kitchen tenant under a short remaining lease term. A basement provides additional storage beyond the listed square footage. Priced at $225,000, this asset presents an ideal opportunity for either owner-occupancy or investment, with the flexibility to maintain income or reposition the space for higher use once the existing lease term expires.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
1,600 SF
Building Class
C
Year Built
1962
Price
$225,000
Price Per SF
$140.63
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,600 SF
Building FAR
0.58
Lot Size
0.06 AC
Zoning
ZO01
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 49-07-33-152-001.000-101 | Improvements Assessment | $39,300 |
| Land Assessment | $6,400 | Total Assessment | $45,700 |
PROPERTY TAXES
Parcel Number
49-07-33-152-001.000-101
Land Assessment
$6,400
Improvements Assessment
$39,300
Total Assessment
$45,700
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4602 E 10th St
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