1391 N Shadeland Ave - Medical FOR SALE


Indianapolis, IN 46219- East Gate
$175,000 USD
317-504-2663
1391 N Shadeland Ave, Indianapolis, IN for Sale
$175,000 USD
Medical - FOR SALE
1/21
null | Request Cap Rate

Jun '25


1391 N Shadeland Ave
Indianapolis, IN 46219
East Gate


HIGHLIGHTS

  • Prime Redevelopment Opportunity – Unlock the potential of this versatile site.
  • Ideal for Home-Based Business – Perfect layout and location for live/work use.
  • Generous 0.40 Acre Lot – Ample space for expansion or new development.
  • Zoning Flexibility – Strong potential to rezone to C-3 for broader commercial uses
  • High Traffic Exposure – Excellent road frontage with visibility to over 20,000 vehicles daily.

OVERVIEW

FOR SALE – PRIME REDEVELOPMENT OR OWNER-OCCUPANT OPPORTUNITY Strategically located on bustling Shadeland Avenue just off I-70 and near I-465, this property offers exceptional visibility and access in a high-traffic corridor. Recently rebuilt after a fire in 2014, it stands ready for new ownership—ideal for owner-occupants or investors looking to redevelop. Currently zoned D3 with a Variance As A Real Estate Office. in Marion County with strong potential to convert to C3, this site presents a rare zoning opportunity in a thriving commercial district. The expansive 17,935 SF lot (0.41 acres) includes nearly 2,600 SF of paved parking, making it well-suited for business expansion, medical, office, retail, or service-related uses. Don't miss this premium location with redevelopment upside and solid infrastructure already in place.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,935 SF

ZONING

D3 - Rezoning Op To C3

APN/PARCEL ID

49-07-36-118-027.000-700

ASK ABOUT THIS PROPERTY

Albert StancatoHighgarden Real Estate, Inc.More Info
317-504-2663

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Albert StancatoHighgarden Real Estate, Inc.More Info
317-504-2663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.