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Listed by Andy Ludlow • eXp Realty, LLC
$225,000
Est. payment /mo
2,028 SqFt
Active
506 Lawrence AVE Indianapolis, IN 46227
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,028 sqft
Price per Sqft $110
MLS Listing ID 22123860
Year Built 1954
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Office
Property Description
Looking for a High Visibility Property with multiple ways to create value? This Spacious Bedford Stone Ranch offers a flexible layout, full basement, finished 2-car attached garage, and potential for residential, investment, or commercial use-all in a convenient Indianapolis location. The main level features 3 bedrooms, 1.5 baths, newer luxury vinyl plank flooring, vinyl windows, an updated bathroom, and a spacious layout that feels significantly larger than 2,000 square feet. The full basement is where the possibilities really open up. Two separate rooms with closets offer potential for offices, guest rooms, hobby spaces, or possible additional bedrooms. For investors, the flexible floor plan could lend itself to several strategies. Explore the potential for an Airbnb/short-term rental, long-term rental, or a house-hacking opportunity where an owner occupies one portion while utilizing other areas for additional income. The layout may also allow the upper/main living area to be separated into additional living quarters(creating a duplex) with a separate entrance from the garage,. The property also offers potential Commercial Space for business, office, retail, medical etc. Major improvements include a high-efficiency furnace and air conditioner replaced within the past 3-4 years, PEX water lines, and 200-amp electrical service. The attached 2-car garage is finished, providing valuable parking, storage, or workspace. And don't overlook the covered front porch-a great spot for morning coffee before taking advantage of the home's convenient location near shopping, schools, parks, major highways, downtown Indianapolis, and Greenwood. One property. Multiple possibilities. Whether you're looking for a rental, Airbnb opportunity, house hack, commercial/residential flexibility, or a property you can reconfigure and add value to
Location
State IN
County Marion
Zoning Residential Single Family
Interior
Cooling Central Air
Equipment Sump Pump
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Roof Type Shingle
Building
New Construction false
Schools
School District Perry Township Schools
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