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PROPERTY DETAILS
Indianapolis, IN 46205 104 E 38th Street
$375,000



5 more






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Disclaimer: The information contained in this listing has not been verified by Amherst Madison and should be verified by the buyer.
Home Details
High visibility. Prime location. Limitless potential. This 5-bedroom ranch in the heart of Indianapolis is more than a property-it's a business opportunity waiting to be unlocked. Currently operating as a daycare, the layout and location are perfectly suited for a variety of commercial uses. With five rooms, a full kitchen, dining area and a living space, this building adapts seamlessly into offices, a studio, boutique services, or continued childcare operations. Hard-surface flooring throughout makes for easy maintenance and high durability-ideal for commercial traffic. The corner lot placement ensures maximum exposure, while the parking lot provides a valuable amenity for clients and staff. The fenced front yard adds additional functionality and curb appeal. Location is everything, and this property delivers. Nestled just steps from Tarkington Park, Tea's Me Community Cafe, the Melody Inn, and neighborhood favorites, it thrives in a walkable, community-driven setting. Meanwhile, quick access to Downtown Indianapolis, the Indiana State Fairgrounds, and major traffic routes means steady customer flow and convenience for business operations. Whether you're seeking a property to launch your vision, expand your portfolio, or secure a reliable income-producing space, this one checks every box. The flexibility of residential or commercial use only amplifies its long-term value. Schedule your private showing today and see how this space can be the foundation of your next successful venture before it's gone.
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General for 104 E 38th Street
Additional Parcels Y/NNo
CityIndianapolis
CountyMarion
Current FinancingConventional, FHA
Current UseSee Remarks
DirectionsOn the NE corner of N Pennsylvania St. and 38th.
Facing DirectionSouth
High SchoolShortridge High School
High School DistrictIndianapolis Public Schools
Legal DescriptionBrodleigh Pt Of Lots 41 & 42 Beg Ne Cor L41; S103'w114.61' Nw19.19' N90.66' E126' To Beg
Lot Size Square Feet12978
MLS Area4903 - Marion - Washington
ModificationTimestamp2025-08-21T23:05:08.116Z
New ConstructionNo
PossessionNegotiable
Property Attached Y/NNo
Property SubtypeBusiness
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Stories Count1
Tax Lot41-42
Tax Year2024
TownshipWashington
UtilitiesElectricity Connected, Sewer Connected, Water Connected
Year Built1910
ZoningD9
Exterior for 104 E 38th Street
Building Area Total2054
FencingFront Yard
Lot Size Acres0.3
Parking FeaturesCommon
Road Surface TypeAsphalt
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
N/A
Middle School
N/A
High School
Shortridge High School
