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About This Home

This 0-bedroom, 0-bathroom commercial at 104 E 38th Street in Indianapolis, IN is listed for $349,000 ($170 per sqft). Built in 1910, the home offers 2,054 sqft of living space on a 0.30 acres lot.

Agent Description

Current leases gross $3K/month. High visibility. Prime location. Limitless potential. This 5-bedroom ranch in the heart of Indianapolis is more than a property-it's a business opportunity waiting to be unlocked. Currently operating as a daycare, the layout and location are perfectly suited for a variety of commercial uses.

With five rooms, a full kitchen, dining area and a living space, this building adapts seamlessly into offices, a studio, boutique services, or continued childcare operations. Hard-surface flooring throughout makes for easy maintenance and high durability-ideal for commercial traffic.

The corner lot placement ensures maximum exposure, while the parking lot provides a valuable amenity for clients and staff. The fenced front yard adds additional functionality and curb appeal. Location is everything, and this property delivers. Nestled just steps from Tarkington Park, Tea's Me Community Cafe, the Melody Inn, and neighborhood favorites, it thrives in a walkable, community-driven setting.

Meanwhile, quick access to Downtown Indianapolis, the Indiana State Fairgrounds, and major traffic routes means steady customer flow and convenience for business operations. Whether you're seeking a property to launch your vision, expand your portfolio, or secure a reliable income-producing space, this one checks every box.

The flexibility of residential or commercial use only amplifies its long-term value. Schedule your private showing today and see how this space can be the foundation of your next successful venture before it's gone.

Key Features

  • Built in 1910
  • 0.30 acre lot

Property Details

1910

Monthly Cost Estimate

$1,867/mo

20% down · 6.5% · 30 years

Principal$252
Interest$1,512
Insurance$102

Estimates only. Actual payments may vary.

Location

104 E 38th Street

Indianapolis, IN 46205

Features & Amenities

Exterior Features

Fencing

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 104 E 38th Street is listed at $349,000 ($170/sqft). The estimated monthly payment is $1,512 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 0.30 acre lot. Exterior Features: Fencing.

This property is listed by Eric Forney and can be reached at 3172715959 or sold@forneygroup.com.

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EF

Eric Forney

Agent at Keller Williams Indy Metro S

(317) 271-5959

Listed by Keller Williams Indy Metro S · View on Broker Site

MLS# 22057383· Source: listhub· Updated 232 days ago

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104 E 38th Street, Indianapolis, IN 46205

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