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1628 Bates StreetIndianapolis, IN 46201

Marion County

$1,290,000List price
7,198Sq Ft
1908Year built
0.15Acre lot
1Stories
6 weeks agoOn market

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

Property Information

Property type
Commercial Sale
Sub-type
Industrial
Year built
1908
Stories
1
Building area
7,198 Sq Ft
Lot size
0.15 acres
Zoning
I-3
Days on market
47
MLS® Listing#
22120509

Property Features

Utilities
Electricity Connected · Sewer Connected · Water Connected
Parcel number
491007106004000101

Directions

GPS Friendly

Listing Courtesy: F.C. Tucker Company - Annie.Scott@talktotucker.com

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Last Updated: 2026-08-20T00:00:00.000Z

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