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(SOLD) $780,000

1450 Main Street Speedway, IN  46224

Property Description for 1450 Main Street Speedway, IN 46224

The Town of Speedway has become a year round destination and this building provides the perfect opportunity to be a part of this vibrant and growing community! Located on Main Street and within walking distance of the Indianapolis Motor Speedway, this space was originally built as an Art Deco theatre in 1935 and has been home to a successful retail business for the last 18 years. The SZ1 zoning allows a variety of uses including office space, retail, restaurants, indoor amusement/recreation, drinking places and more. It could even be a theatre once again! Residential space is allowed above the first floor as well. A new rubber roof was put on 6 years ago with added insulation and the electrical was updated 3 years ago. Easy access from I-465 and downtown Indy.

Address:1450 Main Street Speedway IN 46224
Status:Sold
Sold On: 3/31/2023
Price:$1,100,000
Bathrooms:0
Year Built:1935
Lot Size:0.13
County: Marion County
Township: Wayne
MLS #:202224766
Property Type:Mixed Use

Directions:Crawfordsville Road to the roundabout in Speedway and exit right onto Main Street. Property will be on your right (adjacent to Dawson's on Main).
Basement:Yes

Loan Price
$5,369
Price And Interest $4,069/month
Property Tax $975/month
MTG INS $0/month
HOME INS $325/month
Price
$780,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$975/month
Home Owner Insurance
$3,900 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Master Bedroom 3200 x 200 Info Not Available
3rd Bedroom 2 x 2 Info Not Available
Den 1 x 5600 Info Not Available

Semi-Annual Property Tax:$5,847
Tax Year:2022
Mandatory HOA Fee:$

Subdivision: None
Zip Code:46224

Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schools in 1450 Main Street Speedway, IN  46224


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Listing provided courtesy of AJ Bowlen with RE/MAX Acclaimed Properties

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Speedway Market Report

61
Avg. DOM

The house prices in Speedway are not dropping at the moment. There has been a increase in price of $250,000.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Speedway are going Up. The average house price is $275,000.00 and the average price per square feet is $149.02 per square feet. At the moment, the amount of homes listed is exactly 28 houses, with 3 with active status, 1 with pending status and 24 sold in Speedway .

The most popular place to buy a home in Speedway is 4993 - Marion - Wayne Speedway. 4993 - Marion - Wayne Speedway is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Speedway .

The average amount of property taxes you would have to pay for a home in Speedway is $3,516.67. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Speedway are staying listed for an average of 169 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Speedway was 173611 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Speedway is $280,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Speedway is $169,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Speedway in year 1945 and the newest built house is in year 1957.

The average size of properties in Speedway is 1752.67 sq.ft. , the biggest one being 2500 sq.ft. and the smaller being 1222 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.