1505 S East Street
Redevelopment Opportunity | C-1 Corner Site | Significant Price Reduction | Adaptive Reuse
Marketing description
NEW PRICE — REDUCED $300,000
Seller has repositioned this property for immediate disposition.
As-Is • Minimal Contingencies Preferred • All Serious Offers Considered
This ±9,200-square-foot property occupies approx. 0.60 acres at the corner of East Street and Weghorst Street along an evolving Indianapolis redevelopment corridor.
Now Offered at LAND VALUE, the property presents an opportunity for adaptive reuse or redevelopment. Existing improvements may support renovation or repositioning, while the site itself offers compelling redevelopment potential, subject to municipal approvals.
Located in the Bates Hendricks neighborhood less than one mile from Eli Lilly's rapidly expanding corporate campus and minutes from Fountain Square and downtown Indianapolis, the location continues to benefit from significant public and private investment. Residential redevelopment potential is subject to rezoning, variances, or other municipal approvals. Buyers should complete their own due diligence regarding intended use.
Investment highlights
- NEW PRICE: $399,900
- Now Offered at Land Value
- Seller seeking as-is offers
- Approx. 0.60-acre corner site
- ±9,200 SF existing improvements
- 173 feet of frontage on East Street
- C-1 Zoning
- 3-4 connected buildings
- Four garage bays
- 10+ parking spaces
- Less than one mile from Eli Lilly campus
- In Bates Hendricks neighborhood, minutes to Fountain Square and Downtown
- Redevelopment, adaptive reuse, or mixed-use potential (buyer to verify)
CONTACT: NATE WOZNIAK with any questions or to schedule in-person showings!
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