# 5397 E 38th Street, Indianapolis, IN 46218

> **TL;DR:** commercial, $299,900. Est. $1,300/mo. Listed 225 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $299,900 |
| Lot Size | 10,019 sqft (0.23 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 225 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,300 |
| **Total** | **$1,300** |

## Property Highlights

- 0.23 acre lot

## Description

### AI Summary
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

## Location

- **Address:** 5397 E 38th Street, Indianapolis, IN 46218
- **County:** Marion
- **Coordinates:** 39.82514, -86.077025
- **Google Maps:** https://www.google.com/maps?q=39.82514,-86.077025

## Listing Agent

- **Name:** Ronald Cheeks
- **Brokerage:** Ron Cheeks Real Estate Group
- **Phone:** 317-542-7653
- **Email:** ron@speaktocheeks.com

## Primary Photo

![5397 E 38th Street - Primary Photo](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2973241945r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/5397-e-38th-street-indianapolis-in-46218-22073143)*

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**MLS#:** 22073143 | **Updated:** 2026-06-26
**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/5397-e-38th-street-indianapolis-in-46218-22073143)

---

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