# 2121 Madison Avenue, Indianapolis, IN 46225

> **TL;DR:** commercial, $325,000, built 1944. Est. $1,738/mo. Listed 138 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $325,000 |
| Year Built | 1944 |
| Lot Size | 15,682 sqft (0.36 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 138 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,643 |
| Estimated Insurance | $95 |
| **Total** | **$1,738** |

## Property Highlights

- Built in 1944
- 0.36 acre lot
- 2 stories

## Description

### Agent Description
Rare four-parcel mixed-use offering totaling 0.36 acres (15,682 SF) in a rapidly appreciating near-south Indianapolis corridor, easy interstate access, minutes from downtown, Fountain Square, and Bates-Hendricks. The 4,380 SF two-story building provides flexible owner-user space: a ground-floor office and rear warehouse served by a drive-in door (10' W x 9' H, with height-expansion potential), plus a recently renovated upper-level 2-bed/1-bath apartment suited to live-work use or rental income. Heating is provided by a functional boiler-and-radiator system; newer roofing covers the front office and residential portions, while the rear warehouse has an older flat roof. Three of the four contiguous, separately platted lots are vacant, offering expansion, parking, or redevelopment flexibility amid active land assembly in the immediate area. Delivered vacant for immediate occupancy - a versatile value-add or assemblage opportunity. Buyer to verify zoning and square footage.

## Location

- **Address:** 2121 Madison Avenue, Indianapolis, IN 46225
- **County:** Marion
- **Coordinates:** 39.738751, -86.153871
- **Google Maps:** https://www.google.com/maps?q=39.738751,-86.153871

## Virtual Tour & Media

- **Video Tour:** https://www.tourfactory.com/idxr3245791

## Listing Agent

- **Name:** Connor Jones
- **Brokerage:** Mark Dietel Realty, LLC
- **Broker Phone:** (317) 441-7887

## Photos

![2121 Madison Avenue - Photo 1](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f3524200934r.jpg)

![2121 Madison Avenue - Photo 2](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f2889700609r.jpg)

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![2121 Madison Avenue - Photo 39](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f1363097181r.jpg)

![2121 Madison Avenue - Photo 40](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f1626307932r.jpg)

![2121 Madison Avenue - Photo 41](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f2621342840r.jpg)

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![2121 Madison Avenue - Photo 60](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f471454551r.jpg)

![2121 Madison Avenue - Photo 61](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f2494805345r.jpg)

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![2121 Madison Avenue - Photo 63](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f2897842623r.jpg)

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![2121 Madison Avenue - Photo 74](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f3724339925r.jpg)

![2121 Madison Avenue - Photo 75](http://lh.rdcpix.com/39fd65986dab39851aa0166bdc818f91l-f4008100809r.jpg)

---

**MLS#:** 22107440 | **Updated:** 2026-10-25
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/2121-madison-avenue-indianapolis-in-46225-fbc4404e20a24d8e9aae0d1099a7bc2c)

---

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