Extraordinary live/work opportunity in Meridian Kessler! Rarely do unique properties like this come available in this sought-after space, and this one is impressive. This three-story building with a finished lower level offers both residential and commercial uses. A special use variance allows for many commercial opportunities - a full list is included in the attachments. The main level commercial space offers 5 Offices / 2 Conference Rooms / 2 Half Baths. The second floor commercial space is complete with expansive 56x28 foot room with loads of natural light and complete with kitchen, storage, and bathroom. The third floor is the primary apartment, which underwent a complete renovation in 2014. This space honors the building's 1915 heritage with original oak paneled walls, vaulted and beamed ceilings, and incredible style. The apartment offers two bedrooms and two fully renovated full baths. The kitchen is stunning with large center island, leathered granite, and ample storage. This beautiful kitchen opens to an extraordinary great room with vaulted ceilings and gas fire place. The unit boasts a nearly 40-foot covered deck further expanding the home's footprint and providing additional entertaining space. Finally the basement of the building offers another apartment renovated in 2012 and offering exceptional style and space. There are so many exceptional details and opportunities inside this historic building, its hard to detail - you'll simply have to see it to understand is magnitude.
Sold
$900,000
3959 Central Ave, Indianapolis, IN 46205
2beds
11,000sqft
Residential, Single Family Residence
Built in 1915
10,018 Square Feet Lot
$910,100 Zestimate®
$82/sqft
$1,804 Estimated rent
Home value
$910,100
$846,000 - $983,000
$1,804/mo
Zestimate® history
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$4,525/mo
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Zillow last checked:
Listing updated:
Listed by:
Matt McLaughlin 317-590-0529,
F.C. Tucker Company
Bought with:
Myrian Wiggins
Reid Properties LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22044995
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Upper
- Area: 315 Square Feet
- Dimensions: 21x15
Bedroom 2
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Breakfast room
- Level: Upper
- Area: 90 Square Feet
- Dimensions: 10x9
Dining room
- Level: Upper
- Area: 256 Square Feet
- Dimensions: 16x16
Kitchen
- Level: Upper
- Area: 729 Square Feet
- Dimensions: 27x27
Loft
- Level: Upper
- Area: 99 Square Feet
- Dimensions: 11x9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Dryer, Disposal, Electric Oven, Refrigerator, Washer, Water Heater, Water Softener Owned
- Laundry: In Unit
Features
- Breakfast Bar, Kitchen Island, Elevator, Entrance Foyer, Hardwood Floors
- Flooring: Hardwood
- Has basement: Yes
- Number of fireplaces: 1
- Fireplace features: Great Room
Interior area
- Total structure area: 11,000
- Total interior livable area: 11,000 sqft
- Finished area below ground: 2,062
Property
Parking
- Total spaces: 4
- Parking features: Common, Detached, Asphalt, Garage Door Opener, Gated
- Garage spaces: 4
Features
- Levels: Three Or More
- Patio & porch: Covered, Deck
- Exterior features: Balcony, Lighting
- Fencing: Fenced,Chain Link
Lot
- Size: 10,018 Square Feet
- Features: City Lot, Corner Lot, Curbs
Details
- Parcel number: 490613125112000801
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Ardmore
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $971,700
- Annual tax amount: $12,462
- Date on market: 6/13/2025
- Cumulative days on market: 98 days
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Sold | $900,000-37.9%$82/sqft |
Source:  MIBOR as distributed by MLS GRID #22044995 Report a problem | ||
| 9/19/2025 | Pending sale | $1,450,000$132/sqft |
Source: MIBOR as distributed by MLS GRID #22043901 Report a problem | ||
| 7/18/2025 | Price change | $1,450,000-3.3%$132/sqft |
Source: MIBOR as distributed by MLS GRID #22043901 Report a problem | ||
| 6/9/2025 | Listed for sale | $1,500,000$136/sqft |
Source: MIBOR as distributed by MLS GRID #22043901 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,442 +30.7% | $971,700 +15.8% |
| 2024 | $16,404 +31.6% | $838,800 +25.7% |
| 2023 | $12,463 +10.1% | $667,300 +31.3% |
| 2022 | $11,315 -7.9% | $508,200 +10.3% |
| 2021 | $12,289 +3.4% | $460,800 -7.5% |
| 2020 | $11,888 -1.6% | $498,100 +5.4% |
| 2019 | $12,078 +6.2% | $472,800 |
| 2018 | $11,373 +0.2% | $472,800 -5.5% |
| 2017 | $11,354 -8.8% | $500,500 +1.6% |
| 2016 | $12,451 +1.1% | $492,800 -0.3% |
| 2014 | $12,311 | $494,500 |
Find assessor info on the county website
Neighborhood: Meridian Kessler
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Nearby schools
GreatSchools rating
- 3/10James Whitcomb Riley School 43Grades: PK-5Distance: 0.6 mi
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Estimated market value
$910,100
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Estimated market value
$910,100
- Indiana
- Marion County
- Indianapolis
- 46205
- Meridian Kessler
- 3959 Central Ave
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