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(SOLD) $800,000

2764 E 55TH Place E Indianapolis, IN  46220

  • 5,619 sq. Ft

Property Description for 2764 E 55TH Place E Indianapolis, IN 46220

Freestanding building located two blocks east of Keystone Ave. & south of 56th within commercial area with an industrial influence known as Malott Park. Unique property on a deep corner lot with a park-like setting, lush natural lawn, mature trees & landscaping, 181' frontage (on all sides), three curb cuts, with access to east and south facing city streets. Enter property at the NE corner from N. Rural St. Covered drop-off under east facing porte-cochere (illuminated), private paved parking along north property line with more parking on lot facing west (40+/- total spaces), exit property onto 55th Place from south-east curb cut. Ideal owner occupant property, sold vacant upon closing, the existing business owner is relocating/expanding. Since 2003 this atomic ranch has operated as an auction house offering live/virtual public sales, antique appraisals, restoration services, product receiving and distribution. Enter the building using the east or south facing entry doors into the interior lobby with custom cabinetry along the east wall behind and below the reception counter, open work area, two small rooms at either end, two larger offices open at the north of lobby , and a beautiful limestone decorated gas fireplace along the south wall. The lobby and the main showroom are separated by a partition wall of full view windows and double doors at each end. The showroom features a soaring nearly 16' pitched cedar-like ceiling, lights and fans attached, restrooms (M&W) along south wall, large west-facing windows, and a raised stage to the showroom north. Additional rooms and work areas behind the stage and along the north perimeter wall. The large parcel (.76/AC) allows for building or parking enlargement if needed. Physical address changed to 5564 N. Rural Street from 2764 E. 55th Place in 2023.
QuickBuy option for home selling

Address:2764 E 55TH Place E Indianapolis IN 46220
Status:Sold
Sold On: 9/23/2024
Price:$850,000
Bathrooms:0
Sq. Feet:5,619
Year Built:1955
Lot Size:0.76
County: Marion
Township: Washington
MLS #:21960595
Property Type:Industrial

Lot Dimensions:32881
Road Frontage:City Street
Road Access:Street Cuts
Road Surface:Asphalt
Zoning:I-1
Directions:GPS Friendly
Total Sq. Ft. :5,619

Loan Price
$5,112
Price And Interest $4,173/month
Property Tax $606/month
MTG INS $0/month
HOME INS $333/month
Price
$800,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$606/month
Home Owner Insurance
$3,996 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$3,636
Tax Year:2023
Other Disclosures:None
Mandatory HOA Fee:$

Area: 4903 - Marion - Washington
Zip Code:46220

Total Sq. Ft.:5,619
Cool:Central Electric
Heat:Gas
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Anastacia Yeager with INSITE COMMERCIAL REAL ESTATE from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 01/21/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Indianapolis Market Report

25
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $10,832.93. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $273,000.00 and the average price per square feet is $158.65 per square feet. At the moment, the amount of homes listed is exactly 13560 houses, with 2229 with active status, 1293 with pending status and 10038 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,223.43. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 71 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 1146 minutes ago.

At the moment we have 203 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $5,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $1.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2163.38 sq.ft. , the biggest one being 14738 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.