List Search

1354 S Shelby St
Indianapolis, IN 46203 Fountain Square

$1,720,000 USD

Storefront Retail Residential For Sale  •  10,000 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 10,000 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1957
  • Tenancy Multiple
  • Zoning MU2
39 Transit Score
81 Walk Score

Highlights

Five fully renovated residential apartments paired with two ground-floor retail spaces provide diversified income streams.
Both the apartments and retail spaces have been fully updated, reducing near-term capital expenditure needs.
Fountain Square’s continued revitalization attracts residents, retailers, and visitors, supporting long-term rental and appreciation potential.
Value-Add Potential – Opportunity to further increase revenue through market rent adjustments and creative leasing strategies.

Public Transportation

Commuter RailDriveWalkDistance
5 min - 2.1 mi
AirportDriveWalkDistance
Indianapolis International 26 min - 13.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Joseph DiSalvo 317-410-8788 Marcus & Millichap
Joseph DiSalvo 317-410-8788 Marcus & Millichap