$290,000
$329,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
3,168 SqFt
SOLD DATE : 09/26/2025
Key Details
Sold Price $290,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,168 sqft
Price per Sqft $91
MLS Listing ID 22057345
Sold Date 09/26/25
Year Built 1930
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Mixed Use
Property Description
Stop Renting-Own Your Commercial Property in Tuxedo Park This affordably priced C-3 commercial property offers the perfect opportunity for an owner-occupant or investor looking to establish a presence in one of Indianapolis' fastest-emerging neighborhoods. The block portion of the building was fully remodeled in 2004, featuring a dedicated office area, a 40x14 bay with 9' overhead door, half bath, and an additional storage room. A 40x50 addition, built in 2005, offers open-span space with a 10' power overhead door, making it highly versatile for a wide range of uses. The property is equipped with 4-phase electric service and two high-efficiency gas furnaces to support business operations. Parking includes pads for up to 7 vehicles, with additional on-street parking available. Strategically located at the corner of New York Street and Grant Street in Tuxedo Park, the property sits just east of Fountain Square and Downtown Indianapolis. Tuxedo Park is experiencing strong revitalization, with new businesses, restaurants, and residential developments adding energy to the area. This prime location offers the cost advantages of being on the edge of downtown while keeping your business close to the city's core growth corridors. Indianapolis continues to see robust demand for well-located commercial properties as its downtown expands with new housing, office, and mixed-use projects. With the city's growth pushing eastward, properties like this one are positioned to appreciate in both value and utility. The property is vacant and easy to show-ready for financially qualified buyers to make their move. Don't miss the chance to own your own building in a growing market.
Location
State IN
County Marion
Zoning C-3
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Building
New Construction false
Schools
Elementary Schools Ralph Waldo Emerson School 58
High Schools Arsenal Technical High School
School District Indianapolis Public Schools
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