Versatile C-3 Building in Emerging Tuxedo Park Neighborhood
We are pleased to announce the successful sale of the C-3 commercial property located at 4021 East New York Street in Indianapolis, Indiana. This affordably priced property offered an exceptional opportunity for owner-occupants or investors to establish a presence in one of Indianapolis’ fastest-emerging neighborhoods.
The building featured a fully remodeled block portion from 2004, which included a dedicated office area, a 40x14 bay with a 9-foot overhead door, a half bath, and an additional storage room. A 40x50 addition built in 2005 provided open-span space with a 10-foot power overhead door, offering flexibility for a wide range of commercial uses. The property was equipped with four-phase electric service and two high-efficiency gas furnaces, supporting operational efficiency for any business. Parking accommodated up to seven vehicles with additional on-street parking, enhancing convenience for both employees and clients.
Strategically positioned at the corner of New York Street and Grant Street in Tuxedo Park, the property benefited from proximity to Fountain Square and Downtown Indianapolis. Tuxedo Park has been experiencing significant revitalization, with new businesses, restaurants, and residential developments adding vibrancy and attracting attention from investors and entrepreneurs alike. This location offered the cost advantages of being near the downtown core while providing room for growth in a rapidly appreciating area.
The sale highlights the increasing demand for well-located commercial properties in Indianapolis as the city’s growth pushes eastward. Properties like 4021 East New York Street are well-positioned to capture value through both utility and appreciation, making them attractive to savvy buyers seeking versatility and strategic location.
Vacant and easy to show, this property allowed the buyer to move quickly and adapt the space for immediate use. The combination of affordability, flexibility, and location made it a highly desirable acquisition in an emerging neighborhood with strong long-term potential.
Congratulations to both the buyer and seller on a smooth and successful transaction. This sale demonstrates the appeal of Indianapolis’ revitalizing commercial corridors and the strong demand for versatile, move-in-ready properties in Tuxedo Park and surrounding neighborhoods.
