2329 Shelby St Indianapolis, IN 46203

$419,000

Basics

Area 3036 sq ft Lot size 11392 sq ft Year built 1912 Year remodeled 2023

Description

  • Description:

    Here’s your chance to have it all—a beautifully renovated property offering both residential and commercial possibilities in the heart of one of Indianapolis’s most exciting neighborhoods. The first floor features a wide-open, light-filled layout previously home to a yoga studio, ideal for retail, professional services, or creative offices. Its prime visibility, easy access to I-65, and proximity to Downtown Indianapolis make it an outstanding choice for a business seeking convenience and exposure. Upstairs, the second floor has been transformed into a stylish two-bedroom apartment, currently operating as a successful short-term rental with a lease in place through early December 2025. With its modern finishes, private entrance, and proven rental history, it offers immediate income potential or the flexibility to create a true live/work environment. 

    Recent high-quality renovations have elevated this property into a turnkey investment—a space where you can both live and build your business with ease. The building includes a welcoming reception area, two large rooms, a kitchenette, two half baths, and a laundry area on the main floor, along with a full bathroom upstairs. Located just steps from Garfield Park, Indianapolis’s oldest and most beloved public park, the property benefits from the area’s growing energy. Garfield Park offers year-round recreation, beautiful trails, art, and community events that continually draw residents and visitors alike—adding real vibrancy and value to the neighborhood. Surrounded by popular destinations like Café Babette, Garfield Brewery, and Skosh Provisions, this location places you at the center of a thriving local scene. More than a building, this is a strategically positioned opportunity to live, work, and invest in one of the city’s fastest-rising districts. Don’t miss the chance to make this exceptional space the foundation of your next venture.

    This property comes thoughtfully upgraded throughout, offering comfort, efficiency, and modern convenience. The expansive main yoga room features underfloor heating, enhanced insulation, and a full Sonos sound system. The smaller studio is sound-proofed with heavy wool batting, and additional insulation throughout the building provides a quieter, more peaceful environment overall. Security and connectivity are top-tier with five exterior and three interior Lorex cameras, extra outdoor lighting, and fiber-optic internet run underground. An AED is conveniently located on the first floor, and there is a washer/dryer hookup for added functionality. The upstairs apartment includes a separate water closet, heated towel bar, Bluetooth lighting, and smart Samsung appliances — a perfect blend of comfort and technology.

Documents

  • Documents:
    2329-Shelby-St-Indianapolis-IN-46203-2.pdf 10.37 MB

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