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About This Home

This 0-bedroom, 0-bathroom commercial at 1415 Shelby Street in Indianapolis, IN is listed for $1,300,000 ($197 per sqft). the home offers 6,590 sqft of living space on a 0.46 acres lot.

Agent Description

Owner-occupant opportunity in the heart of historic Fountain Square. This newly renovated 6,590 SF multi-tenant commercial property offers a rare opportunity to occupy the largest suite while maintaining income from two leased spaces. The building is prominently positioned along Shelby Street in one of Indianapolis' most active mixed-use corridors.

The property consists of three suites: 1417 Shelby Street totaling 3,640 SF and currently vacant for immediate occupancy; 1415A Shelby Street totaling 1,250 SF and leased through July 31, 2028; and 1415B Shelby Street totaling 1,700 SF and leased through June 30, 2027.

The layout provides a strong combination of owner-user space and stabilized tenancy within the same asset. A key feature of the property is its parking configuration. The site includes two separate parking lots, providing flexibility for tenant and customer use.

The property offers direct access from Shelby Street, along with alley access to both parking areas, allowing for convenient ingress and egress, service access, and efficient traffic flow. Recent renovations enhance both the functionality and appearance of the building, delivering a move-in ready environment for an owner-occupant while maintaining quality space for existing tenants.

The 3,640 SF suite presents an ideal footprint for retail, office, or service-oriented users seeking a strong presence in Fountain Square, with the flexibility to expand into additional space in the future as leases expire. This is a well-located, multi-tenant commercial asset offering immediate occupancy, established tenancy, dedicated parking, and excellent accessibility in one of Indianapolis' most desirable urban submarkets.

Key Features

  • 0.46 acre lot

Monthly Cost Estimate

$6,953/mo

20% down · 6.5% · 30 years

Principal$940
Interest$5,633
Insurance$379

Estimates only. Actual payments may vary.

Location

1415 Shelby Street

Indianapolis, IN 46203

Features & Amenities

Exterior Features

Fencing

Property Details

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1415 Shelby Street is listed at $1,300,000 ($197/sqft). The estimated monthly payment is $5,633 based on 20% down at 6.5% interest.

Key features include: 0.46 acre lot. Exterior Features: Fencing.

This property is listed by Kendrick Davis and can be reached at 3176503214 or kdavis@highpointrealtygroup.com.

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KD

Kendrick Davis

Agent at Compass Indiana, LLC

(317) 650-3214

Listed by Compass Indiana, LLC · View on Broker Site

MLS# 22085378· Source: listhub· Updated 43 days ago

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1415 Shelby Street, Indianapolis, IN 46203

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