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Listed by Kendrick Davis • Compass Indiana, LLC
$ 1,300,000
Est. payment /mo
Active
1415 Shelby ST Indianapolis, IN 46203
6,590 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,590 sqft
Price per Sqft $197
MLS Listing ID 22085378
Tax Year 2025
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Office
Property Description
Owner-occupant opportunity in the heart of historic Fountain Square. This newly renovated 6,590 SF multi-tenant commercial property offers a rare opportunity to occupy the largest suite while maintaining income from two leased spaces. The building is prominently positioned along Shelby Street in one of Indianapolis' most active mixed-use corridors. The property consists of three suites: 1417 Shelby Street totaling 3,640 SF and currently vacant for immediate occupancy; 1415A Shelby Street totaling 1,250 SF and leased through July 31, 2028; and 1415B Shelby Street totaling 1,700 SF and leased through June 30, 2027. The layout provides a strong combination of owner-user space and stabilized tenancy within the same asset. A key feature of the property is its parking configuration. The site includes two separate parking lots, providing flexibility for tenant and customer use. The property offers direct access from Shelby Street, along with alley access to both parking areas, allowing for convenient ingress and egress, service access, and efficient traffic flow. Recent renovations enhance both the functionality and appearance of the building, delivering a move-in ready environment for an owner-occupant while maintaining quality space for existing tenants. The 3,640 SF suite presents an ideal footprint for retail, office, or service-oriented users seeking a strong presence in Fountain Square, with the flexibility to expand into additional space in the future as leases expire. This is a well-located, multi-tenant commercial asset offering immediate occupancy, established tenancy, dedicated parking, and excellent accessibility in one of Indianapolis' most desirable urban submarkets.
Location
State IN
County Marion
Zoning Office
Interior
Cooling Central Air
Equipment Security System
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected
Building
Story 2
New Construction false
Schools
School District Indianapolis Public Schools
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