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Listed by Annie Scott • F.C. Tucker Company
$ 1,400,000
Est. payment /mo
New
1628 Bates ST Indianapolis, IN 46201
7,198 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 7,198 sqft
Price per Sqft $194
MLS Listing ID 22120509
Year Built 1908
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Industrial
Property Description
Located in the heart of highly desirable Fountain Square, 1628 Bates St. offers a rare combination of commercial and residential space in one of Indianapolis's most walkable, energetic, and rapidly evolving neighborhoods. Fountain Square is loved for its character, independent restaurants and bars, local shops, entertainment, and strong sense of community-all just minutes from Downtown Indianapolis and the Cultural Trail. The property features an improved former industrial building with a flexible commercial gym space and a separate two-bedroom residential component, creating an excellent opportunity for an owner-user, investor, or entrepreneur seeking a property that combines business and residential potential. The gym space offers an open, versatile layout ideal for fitness, wellness, studio, creative, or other commercial uses, along with a separate room that could serve as private office, retail, or additional functional space. The entire property is securely fenced, providing privacy and flexibility for outdoor use. The residential portion features two bedrooms, an open kitchen and living area, a garage door that opens to create a seamless indoor-outdoor entertaining space, and a private fenced balcony. The layout provides a unique residential experience while complementing the commercial component of the property. The property is currently occupied by Feel Good Naked Gym and will be delivered vacant at closing, allowing the next owner to immediately implement their own vision. Recent improvements include a new roof with a 15-year warranty, fresh exterior paint, and completed tuckpointing, providing a strong foundation for future ownership and improvements. Surrounded by renovated homes, new construction, local businesses, and ongoing investment, 1628 Bates St. is positioned within one of Indianapolis's most active growth corridors. Bring your vision to a property that offers character, flexibility, and a location that continues to attract residents & businesses
Location
State IN
County Marion
Zoning I-3
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Story 1
New Construction false
Schools
School District Indianapolis Public Schools
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