545 East 38th Street

Indianapolis, IN 46205

$129,000
Price
Beds
1,800 Sq. Ft.
$72 / Sq. Ft.
1,800
Sq. Ft.
$72
per Sq. Ft.

Description

Incredible commercial opportunity with high visibility along 38th street. Red line bus station out front. Transit ordinated development to be built on the other side of Park Ave. along 38th. Comes with two parcels. The building sits on one parcel and the other has ample off street parking. The building was used as pharmacy in the 1960s and later a flower shop and hair salon. Currently, the main level has flexible space to build out for your business. Dry half basement is ideal for storage. Upstairs...Incredible commercial opportunity with high visibility along 38th street. Red line bus station out front. Transit ordinated development to be built on the other side of Park Ave. along 38th. Comes with two parcels. The building sits on one parcel and the other has ample off street parking. The building was used as pharmacy in the 1960s and later a flower shop and hair salon. Currently, the main level has flexible space to build out for your business. Dry half basement is ideal for storage. Upstairs is currently configured as a studio apartment. New roof installed on bump out in 2022. HVAC system in working condition.
  1. Listed by Chad Thompson • Thompson Home Sales • chad@thompsonhomesales.com

Property Details for 545 East 38th Street

Subdivision Name
Marion Highlands
Township
Center NE
Zoning
Residential

Location

Listing Courtesy of Thompson Home Sales
Add your commute
LISTING UPDATED: 03/13/2024 01:26 PM

Property Details for 545 East 38th Street

StatusActive
MLS #21937234
Days on Market175
Taxes$1,321 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1920
Lot Size0.06 AC / 2,613 SF
CountyMarion County

Location

Listing Courtesy of Thompson Home Sales
Add your commute

Building Information for 545 East 38th Street

Stories2Residences-Year Built1920Lot Size0.06 AC / 2,613 SF

Payment Calculator

$924 per month

30 year fixed, 7.25% Interest

Principal and Interest

$704

Property Taxes

$220

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 545 East 38th Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: South side of 38th St.
  • Postal Code: 46205
  • Postal Code Plus4: 2767
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490624119062000101
  • Semi Annual Property Tax Amt: 1321
  • Tax Year: 2021
  • TaxLot: 57
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 2597.0
  • Lot Size Acres: 0.06
  • New Construction: False
  • Stories: 2
  • Space Available: 1800
  • Sq Ft Total: 1800.0
  • Year Built Numeric: 1920
Property and Assessments
  • Affected by Disclosures: Yes
  • Legal Subdivision: Marion Highlands 61Ft E End L57 Ex Tri Tr Ne Corfor St
  • Photos Count: 16
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Transaction Type: Sale
  • Web Link: www.ThompsonHomeSales.com
Green Features
  • Green Certification: No
Utilities
  • Utilities: Electricity Connected
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: One and One Half

Property History for 545 East 38th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 545 East 38th Street

Taxable ValueLand$14,500Additions$122,500Total$137,000
Tax Record2022$3,157 ($263 / month)
Home Facts
Beds0Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories2Lot Size2,597 SqFtStyleSingle Family ResidenceYear Built1920Year Renovated1940CountyMARIONAPN49-06-24-119-062.000-101

Schools near 545 East 38th Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Arlington Community Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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545 East 38th Street is a mixed use property for sale in Indianapolis, IN 46205. This property was listed for sale on August 11, 2023 by Thompson Home Sales, it's currently listed at $129,000. It has been on the market for a total of 175 days and was last sold on December 3, 2021. This listing's school district is Indianapolis Public Schools. Nearby schools include IPS/Butler University Laboratory School 60, Arlington Community Middle School and Arsenal Technical High School. 545 East 38th Street is a 0-bed, 0-bath, 1,800 sqft mixed use property built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Thompson Home Sales

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.