518 S State Avenue, Indianapolis, IN 46203

Currently operating as a rental, this versatile 2-bedroom, 1-bath property offers strong potential for commercial or mixed-use applications in the heart of Fountain Square. The space includes a stove and refrigerator and features a functional layout that could be adapted for office, studio, retail, or service-based use (buyer to verify zoning and permitted uses). Tenants are responsible for all utilities. Pets are permitted with a one-time pet fee of $250 per pet (maximum two pets). Located in a high-traffic, high-demand area with ongoing development and strong neighborhood momentum, this property presents a unique opportunity.