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About This Home

This 2,964 square foot commercial property at 5397 E 38th Street currently operates as a real estate office while presenting opportunities for alternative business uses. Positioned on a 0.23 acre lot in Indianapolis, the site lies along a bus line and directly across from the library for easy accessibility.

The interior has been freshly painted to maintain a clean and professional environment. A basement adds valuable space for storage, utilities, or expanded operations, and the two car garage provides dedicated parking or workspace. With its substantial square footage, the building supports a variety of layouts suitable for offices or similar commercial activities.

The property fits into the broader Indianapolis real estate landscape where active listings number over fifteen hundred and average days on market reach eighty eight.

Agent Description

Currently used as a Real Estate office but has other possibilities. Located on bus line across from library. Freshly painted with a basement and 2 car garage

Key Features

  • 0.23 acre lot

Property Details

1 story

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$87

Estimates only. Actual payments may vary.

Location

5397 E 38th Street

Indianapolis, IN 46218

Property Details

Parking

On StreetGarage

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5397 E 38th Street is listed at $299,900. The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.

Key features include: 0.23 acre lot.

This property is listed by Ronald Cheeks and can be reached at 317-542-7653 or ron@speaktocheeks.com.

RC

Ronald Cheeks

Agent at Ron Cheeks Real Estate Group

(317) 542-7653

Listed by Ron Cheeks Real Estate Group

MLS# 22073143· Source: listhub· Updated 225 days ago

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.

5397 E 38th Street, Indianapolis, IN 46218

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