# 5397 E 38th Street, Indianapolis, IN 46218

> **TL;DR:** commercial, $290,000. Est. $1,551/mo. Listed 354 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $290,000 |
| Lot Size | 10,019 sqft (0.23 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 354 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,466 |
| Estimated Insurance | $85 |
| **Total** | **$1,551** |

## Property Highlights

- 0.23 acre lot

## Description

### 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
- **Broker Phone:** 317-542-7653

## Photos

![5397 E 38th Street - Photo 1](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2973241945r.jpg)

![5397 E 38th Street - Photo 2](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f3744531002r.jpg)

![5397 E 38th Street - Photo 3](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2706500542r.jpg)

![5397 E 38th Street - Photo 4](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f1509786787r.jpg)

![5397 E 38th Street - Photo 5](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f3664248025r.jpg)

![5397 E 38th Street - Photo 6](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f1007880426r.jpg)

![5397 E 38th Street - Photo 7](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f3689301958r.jpg)

![5397 E 38th Street - Photo 8](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2273116140r.jpg)

![5397 E 38th Street - Photo 9](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2284629049r.jpg)

![5397 E 38th Street - Photo 10](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f210089571r.jpg)

![5397 E 38th Street - Photo 11](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2000760165r.jpg)

![5397 E 38th Street - Photo 12](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f1041032245r.jpg)

![5397 E 38th Street - Photo 13](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2413739110r.jpg)

![5397 E 38th Street - Photo 14](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2727975214r.jpg)

![5397 E 38th Street - Photo 15](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2878373964r.jpg)

![5397 E 38th Street - Photo 16](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2035004246r.jpg)

![5397 E 38th Street - Photo 17](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f3791651830r.jpg)

![5397 E 38th Street - Photo 18](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f3353836234r.jpg)

![5397 E 38th Street - Photo 19](http://lh.rdcpix.com/2e3e78cbee3c7c14bfb1e24c55470505l-f2055103893r.jpg)

---

**MLS#:** 22073143 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. 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://staging.propertysimple.ai/listing/5397-e-38th-street-indianapolis-in-46218-680e66a9da79468196dad5bdac38015b)

---

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