The Ely at 1701 E Michigan St is a historic mixed-use building offering updated residential units above activated street-level commercial space in Indianapolis’ Near Eastside. Property overview Prominent corner building at Michigan St and State Ave in the Near Eastside neighborhood, minutes from downtown and the I-70/I-65 inner loop. Approximate building size of 23,800 square feet on a compact urban lot, originally constructed in 1915 and adapted for contemporary use. Mixed-use concept Street-level suites are designed for neighborhood-serving retail, office, or studio users that benefit from built-in residential traffic and strong corner exposure. Upper floors contain apartment homes, creating an on-site customer base and supporting extended hours of activity around the property. The configuration supports a live-work-play environment that aligns with ongoing revitalization along East Michigan and the broader Near Eastside corridor.