# 104 E 38th Street, Indianapolis, IN 46205

> **TL;DR:** commercial, $349,000 ($170/sqft), built 1910, 2,054 sqft. Est. $1,512/mo. Listed 232 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $349,000 |
| Price/sqft | $170 |
| Square Feet | 2,054 |
| Year Built | 1910 |
| Lot Size | 13,068 sqft (0.30 acres) |
| Property Type | Commercial (Business) |
| Status | For Sale |
| Days on Market | 232 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,512 |
| **Total** | **$1,512** |

## Nearby Schools

- **High:** Shortridge High School

## Property Highlights

- Built in 1910
- 0.30 acre lot

## Description

### 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.

## Location

- **Address:** 104 E 38th Street, Indianapolis, IN 46205
- **County:** Marion
- **Coordinates:** 39.825201, -86.154155
- **Google Maps:** https://www.google.com/maps?q=39.825201,-86.154155

## Listing Agent

- **Name:** Eric Forney
- **Brokerage:** Keller Williams Indy Metro S
- **Phone:** 3172715959
- **Email:** sold@forneygroup.com

## Primary Photo

![104 E 38th Street - Primary Photo](http://lh.rdcpix.com/8ec1283ca47fc2407e6a2d6bdd8766a3l-f1110595724r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/104-e-38th-street-indianapolis-in-46205-22057383)*

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**MLS#:** 22057383 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/104-e-38th-street-indianapolis-in-46205-22057383)

---

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