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$299,900 -

720 Woodruff Place West Drive Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.06
Acres

Located in the historic and highly sought-after Woodruff Place, 720 Woodruff Place W Drive presents a rare opportunity to own a character-rich, income-producing property in one of Indianapolis' most iconic neighborhoods. Currently configured as an 8-unit property with a legal nonconforming use, the building includes 4 studio units, 3 one-bedroom units, and 1 two-bedroom unit, offering strong income potential and flexibility. Distinctive features include a grand upstairs ballroom and a separate carriage house-currently fully vacant-providing immediate value-add potential for additional rental income or creative use, along with a spacious basement offering expansion possibilities (buyer to verify). Zoned for 1-4 single-family use, the property allows for multiple exit strategies, including continued use as an investment or conversion back to a stunning single-family residence, all ideally located near Brookside Park and just minutes from downtown.

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Property Details

Price: $299,900 Previously: $299,900 Originally: $299,900 Bathrooms: 0.00 MLS #: 22094042 Township: Center Sq. Ft Total: 4,604 Type: Commercial Sale Zip Code: 46201 City: Indianapolis Subdivision: Empty County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Window Unit(s)
  • Heating: Wood Stove

Exterior Features

Exterior Features:
  • Features: Balcony
  • # Acres: 0.06

Listing Office: Compass Indiana, Llc

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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. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on April 29th, 2026 at 5:58am EDT.

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