Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results
Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

Back to Results
$225,000 -

2340 Shelby Street Indianapolis IN 46203

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.11
Acres

Endless potential awaits with this MU-2 zoned property, ideally located just off Shelby Street. This high-visibility site benefits from strong drive-by traffic and is just minutes from Fountain Square and steps from Garfield Park. Included in the sale are two parcels, one a paved lot, and the other an improved building offering a total of 3,370 square feet. The property offers flexibility for a variety of uses: it could be reconfigured into three smaller residential units, used as a commercial office, or serve as a live/work space for a cafe owner, attorney, or small real estate brokerage looking to build equity while operating on-site. The basement also provides potential for a laundry room or additional storage. With its versatile zoning, strong location, and solid structure, this property presents a unique opportunity for redevelopment or creative business use in one of Indianapolis's most active corridors.

Follow ►
  • Subscribe to Our Blog RSS
Read More...

Property Details

Price: $225,000 Previously: $225,000 Originally: $295,000 Bathrooms: 0.00 MLS #: 22053499 Year Built: 1927 Township: Center Sq. Ft Total: 3,370 Type: Commercial Sale Zip Code: 46203 City: Indianapolis Subdivision: Empty County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • # Acres: 0.11

Listing Office: Nicodi Management

Similar Properties To: 2340 Shelby Street, Indianapolis

$219,990
, 1,848 ft²
MLS® #:
22067104
Provider:
Compass Indiana, Llc
2023 Shelby Street, Indianapolis
$292,450
, 2,348 ft²
MLS® #:
22028616
Provider:
Mark Dietel Realty, Llc
2023 Shelby Street, Indianapolis
$250,000
, 4,608 ft²
MLS® #:
22037348
Provider:
Priority One Realty
2101 E Michigan Street, Indianapolis
$270,000
, 1,300 ft²
MLS® #:
22033671
Provider:
Wemy Realtor
7110 Madison Avenue, Indianapolis

View all similar properties here

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on December 6th, 2025 at 8:40pm EST.

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Interested In This Property?