506 Lawrence AVE, Indianapolis, IN 46227
506 Lawrence AVE, Indianapolis, IN 46227
506 Lawrence AVE, Indianapolis, IN 46227
506 Lawrence AVE, Indianapolis, IN 46227
506 Lawrence AVE, Indianapolis, IN 46227
506 Lawrence AVE, Indianapolis, IN 46227
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Rick Daves

Rick Daves

+1(317) 614-5484
Listed by Andy Ludlow • eXp Realty, LLC
$ 225,000
Est. payment | /mo

2,028 SqFt

Save
$ 225,000
Est. payment | /mo
Save

2,028 SqFt

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

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Rick Daves

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 614-5484

rick@bluprintrealestategroup.com

6357 W US Highway 52 New Palestine, IN 46143, New Palestine, IN 46163, USA

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506 Lawrence AVE