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33631497
33631496

536 E MARKET ST, INDIANAPOLIS, IN 46204-2606

SJ
IN IN RB14043056, IN Mibor: 34188
KW Commercial Indy Metro South
KJ
RB16001529
KW Commercial IMS
Listed by KW Commercial Indy Metro South, KW Commercial IMS
$3,900,000
11 days on market
Updated 11 days ago

Downtown Investment Opportunity

Details
APN 1010411
Property Type Retail, Multifamily (+1)
Square Footage 20,952
Units 20
Tenancy Multi
Lease Type Modified
Class B
Year Built 1930
Year Renovated 1947, 2022
Buildings 2
Stories 1
Acreage 0.910
Zoning CBD-2
Parking Spaces 20 spaces
Parking Per SqFt 0.95
Ground Lease No
Sale Condition N/A

3 Parcels with 2 Buildings Included

Marketing description

Rare opportunity to acquire a well-maintained, mixed-use investment property in the heart of Indianapolis. With over 20,000 square feet, this versatile site is zoned CBD-2, allowing for a wide range of uses including retail, office, and multifamily development. The property provides immediate income with tenants in place while offering exceptional flexibility for redevelopment or owner occupancy. Building features include elevator service, a dry sprinkler system, energy-efficient LED lighting throughout, and new AC units within the last 5 years. Over 20 paved parking spaces are included, with an additional gravel lot for more parking or future development potential. Located in the thriving Market East District, the property is minutes away from Mass Ave, the Cultural Trail, Gainbridge Fieldhouse, and some of the best dining in the city! Whether you're seeking a stable investment, value-add opportunity, or future redevelopment play, this site offers a unique combination of location, flexibility, and long-term upside in one of Indy's most dynamic urban corridors.

Investment highlights

  • CBD-2 Allows for Retail, Multi-Family, and More
  • Nearly 1 acre with over 23,000sqft.
  • 20 +/- paved parking spaces
  • Close Access to I-65/I-70
  • 524, 536, & 542 E Market Street Included

Listing Contacts

SJ
IN IN RB14043056, IN Mibor: 34188
KW Commercial Indy Metro South
KJ
RB16001529
KW Commercial IMS
Listed by KW Commercial Indy Metro South, KW Commercial IMS

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Zoning

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CBD2 CommercialCore CommercialCentral Business District Two
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View all 152 uses
View all 152 uses
Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Shelly Johnson
License
IN RB14043056
Brokerage
KW Commercial
Title
IN
Brokerage Address
48 North Emerson Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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