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1001 Hosbrook St 6,765 SF Specialty Building Offered at $775,000 in Indianapolis, IN 46203
INVESTMENT HIGHLIGHTS
- Well-located building with MU-1 zoning, offering the redevelopment opportunity to create new multi-use space serving the Fountain Fletcher District.
- Situated on 0.24 acres at the Intersection of Hosbrook and Grove, with sidewalks, curb cuts, and on-site surface parking for ±19 vehicles.
- Easily accessible location just off the interchange of Interstates 65 and 70, under 10 minutes from Downtown, with walkable Red Line bus stations.
- Architectural and engineering plans are available for a contemporary boutique hostel and event space, ensuring a simplified development process.
- Plans include social/event spaces, private and bunk-style sleeping quarters, a full kitchen, communal spaces, restrooms, and laundry facilities.
- Robust potential for the creation of new coworking offices, health and fitness centers, medical offices, or artist, music, or dance studios.
EXECUTIVE SUMMARY
1001 Hosbrook Street presents a versatile canvas for a dream redevelopment project, converting historic property into a multi-use building serving Indianapolis’ vibrant Fountain Fletcher District.
Situated adjacent to Fountain Square, this one-of-a-kind property spans a total of 6,765 square feet across three floors and a mezzanine. The exteriors provide excellent curb appeal, with a well-maintained brick façade, beautiful stained-glass windows, and an eye-catching bell tower. The interiors have been emptied, and the building is ready for remodeling, with all systems removed.
The property rests on a 0.24-acre lot at the corner of Hosbrook and Grove Avenue, and is equipped with sidewalks, curb cuts, a concrete walk-up from the street, and an on-site parking lot with ±19 surface spaces. The parking lot can be included in the redevelopment footprint, and the site has been rezoned as Mixed-Use (MU-1), allowing for a wide variety of potential projects at the location.
1001 Hosbrook Street provides an ideal choice for the creation of a slick, contemporary boutique hostel and event space, with all architectural and engineering plans available for the new owner. The plans allow for several social and event spaces, a large outdoor patio with a firepit, and both private and bunk-style beds. Additional features include a dining area for up to 30 guests, a communal space, a full kitchen, multiple restrooms, laundry facilities, and storage space.
In addition to the included plans, the site offers rich potential for a wide range of other commercial uses. The new owner will enjoy the flexibility to utilize the space for coworking offices, health and fitness studios, medical offices, as well as art, music, or dance studios.
The Fountain Fletcher District offers a compelling environment for new business and investment that benefits a new owner of 1001 Hosbrook Street. Sitting less than 10 minutes from Downtown, this lively neighborhood is known for its walkable streets lined with quaint shops, popular restaurants, art galleries, and music venues. The area is easily accessible for clients and staff from across the greater metro area, placed immediately off the interchange of Interstates 65 and 70, with several Red Line bus stations within walking distance. Growth in the area is fueled by a 5-mile population of more than 121,000 that has increased by 12% since 2020. These residents contributed more than $2.7 billion in consumer spending during 2024, providing strong support for local businesses.
Owner will carry; For all questions, please reach out to the following phone numbers:
303-520-6727
720-280-6524
561-236-6782
561-312-6606
Situated adjacent to Fountain Square, this one-of-a-kind property spans a total of 6,765 square feet across three floors and a mezzanine. The exteriors provide excellent curb appeal, with a well-maintained brick façade, beautiful stained-glass windows, and an eye-catching bell tower. The interiors have been emptied, and the building is ready for remodeling, with all systems removed.
The property rests on a 0.24-acre lot at the corner of Hosbrook and Grove Avenue, and is equipped with sidewalks, curb cuts, a concrete walk-up from the street, and an on-site parking lot with ±19 surface spaces. The parking lot can be included in the redevelopment footprint, and the site has been rezoned as Mixed-Use (MU-1), allowing for a wide variety of potential projects at the location.
1001 Hosbrook Street provides an ideal choice for the creation of a slick, contemporary boutique hostel and event space, with all architectural and engineering plans available for the new owner. The plans allow for several social and event spaces, a large outdoor patio with a firepit, and both private and bunk-style beds. Additional features include a dining area for up to 30 guests, a communal space, a full kitchen, multiple restrooms, laundry facilities, and storage space.
In addition to the included plans, the site offers rich potential for a wide range of other commercial uses. The new owner will enjoy the flexibility to utilize the space for coworking offices, health and fitness studios, medical offices, as well as art, music, or dance studios.
The Fountain Fletcher District offers a compelling environment for new business and investment that benefits a new owner of 1001 Hosbrook Street. Sitting less than 10 minutes from Downtown, this lively neighborhood is known for its walkable streets lined with quaint shops, popular restaurants, art galleries, and music venues. The area is easily accessible for clients and staff from across the greater metro area, placed immediately off the interchange of Interstates 65 and 70, with several Red Line bus stations within walking distance. Growth in the area is fueled by a 5-mile population of more than 121,000 that has increased by 12% since 2020. These residents contributed more than $2.7 billion in consumer spending during 2024, providing strong support for local businesses.
Owner will carry; For all questions, please reach out to the following phone numbers:
303-520-6727
720-280-6524
561-236-6782
561-312-6606
PROPERTY FACTS
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Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 49-11-12-236-273.000-101 | Improvements Assessment | $76,200 |
| Land Assessment | $92,200 | Total Assessment | $168,400 |
PROPERTY TAXES
Parcel Number
49-11-12-236-273.000-101
Land Assessment
$92,200
Improvements Assessment
$76,200
Total Assessment
$168,400
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1001 Hosbrook St
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