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Listed by Jesse Jasvir Singh • Blue Flag Realty Inc
$ 499,900
Est. payment /mo
Active
821 E 38th ST Indianapolis, IN 46205
900 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $555
MLS Listing ID 22101527
Year Built 1968
Tax Year 2024
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type Retail
Property Description
Proudly presenting this prime redevelopment opportunity on busy East 38th Street directly across from the Indiana State Fairgrounds. This 0.61-acre commercial land parcel is fully paved and strategically positioned on the corner of East 38th Street and Guilford Avenue, offering approximately 200 feet of frontage on 38th Street and 124 feet on Guilford Avenue. The property features three street cuts for excellent accessibility - two access points from 38th Street and one from Guilford Avenue. Currently operating with a tenant-occupied convenience store, the existing structure may continue generating income, be renovated, or potentially torn down for new development. Zoned "Multi-Use," this site offers exceptional flexibility for a wide variety of projects, including: * Apartments / Multifamily Housing * Mixed-Use Developments with Retail Below & Residential Above * Office Buildings * Restaurants & Cafes * Retail Stores * Medical Offices * Community Centers * Professional Service Businesses High-visibility location with strong traffic exposure makes this property ideal for investors, developers, and business owners seeking a premier urban corridor location in Indianapolis. Additional zoning variances for intended use may be possible; buyers are advised to verify all zoning and development possibilities with the City Zoning Department. Don't miss this rare opportunity to secure a versatile commercial corner in one of Indianapolis' most active growth corridors.
Location
State IN
County Marion
Zoning MU
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Story 1
New Construction false
Schools
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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