USAINIndianapolis1515 E Michigan Street
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$419,000

For Sale

A day ago

1515 E Michigan Street, Indianapolis, IN

MLS® 22087337

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1921
MLS® Number 22087337

Property Address: 1515 E Michigan Street, Indianapolis, IN, 46201

Average square foot calculated using Size range provided by listing agent.

Description

1515 E Michigan St is a well-maintained 5-unit multifamily investment opportunity located just minutes from downtown Indianapolis. The property sits in a strong rental corridor near Holy Cross, Arsenal Heights, Cottage Home, and the Mass Ave corridor, with continued residential and commercial development throughout the surrounding area. The front building consists of four units, with a fifth unit created from a converted garage, offering a functional and efficient unit mix attractive to long-term tenants. The current owner has consistently maintained the property during their ownership, supporting stable operations and long-term tenant retention. The property is primarily tenant-occupied with one unit currently available for immediate showings, offering flexibility for investors or owner-occupants. Strong rental demand and convenient access to downtown, major thoroughfares, and neighborhood amenities support long-term performance.
MLS® Number22087337
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelIn Basement
Exposure
Exterior
GarageNo
Approx. Age1921
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 5, 2026List Date
$419,000List Price
  • Commute

Commute

Starting Address
Destination Address
1515 E Michigan Street, Indianapolis, IN

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