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Office Flex

Fountain Square Mixed-Use

1354 Shelby St, Indianapolis, IN 46203

Listing Price: $1,720,000

Cap Rate
8.29%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$172.00
Lot Size
0.26 acres
Year Built
1957

Investment Overview

Fountain Square is one of Indianapolis’ fastest-growing urban submarkets, combining historic character with a thriving commercial core. The district’s walkable streets are lined with restaurants, breweries, boutiques, and entertainment venues that draw steady foot traffic from residents and visitors alike.

Continued investment in mixed-use developments, infrastructure, and housing has created a robust live-work-play environment, making Fountain Square a prime location for businesses, retailers, and investors seeking long-term growth in Indianapolis’ urban market.

Investment Highlights

  • Five Fully Renovated Residential Apartments Paired with Two Ground-Floor Retail Spaces Provide Diversified Income Streams
  • Both the Apartments and Retail Spaces have been Fully Updated, Reducing Near-Term Capital Expenditure Needs
  • Fountain Square's Continued Revitalization Attracts Residents, Retailers, and Visitors, Supporting Long-Term Rental and Appreciation Potential
  • Value-Add Potential – Opportunity to Further Increase Revenue Through Market Rent Adjustments and Creative Leasing Strategies

Exclusively Listed By

Office Flex

Fountain Square Mixed-Use

Listing Price: $1,720,000

Cap Rate
8.29%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$172.00
Lot Size
0.26 acres
Year Built
1957

Investment Highlights

  • Five Fully Renovated Residential Apartments Paired with Two Ground-Floor Retail Spaces Provide Diversified Income Streams
  • Both the Apartments and Retail Spaces have been Fully Updated, Reducing Near-Term Capital Expenditure Needs
  • Fountain Square's Continued Revitalization Attracts Residents, Retailers, and Visitors, Supporting Long-Term Rental and Appreciation Potential
  • Value-Add Potential – Opportunity to Further Increase Revenue Through Market Rent Adjustments and Creative Leasing Strategies

Investment Overview

Fountain Square is one of Indianapolis’ fastest-growing urban submarkets, combining historic character with a thriving commercial core. The district’s walkable streets are lined with restaurants, breweries, boutiques, and entertainment venues that draw steady foot traffic from residents and visitors alike. Continued investment in mixed-use developments, infrastructure, and housing has created a robust live-work-play environment, making Fountain Square a prime location for businesses, retailers, and investors seeking long-term growth in Indianapolis’ urban market.

Exclusively Listed By

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