Sheldon Barnes
For Sale — 1829 Cunningham Road, Speedway, IN 462241829 Cunningham Road
Speedway, Indiana 46224
Bakers Walnut Grove
8
Beds
7
Baths
5,027
Sq Ft
1927
Year Built
1.24
Acres
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ABOUT THIS HOME
You know how rare it is to find a property with this much character AND income potential? This Speedway gem has both in spades. Walking through this place, what strikes you immediately is how thoughtfully designed it is. The open floor plan feels both spacious and inviting, and there's this warmth throughout that's hard to describe but impossible to miss. Each of the 8 guest bedrooms has its own personality-unique touches that make guests feel special, not like they're staying in cookie-cutter rooms. The honeymoon suite? Honestly stunning. Four-poster bed, Jacuzzi, attached parlor-it's the kind of space people remember. Then there's the outdoor space. Beautiful landscaping, a front porch that practically begs you to sit with your coffee in the morning. Two masonry fireplaces add that classic touch. Three levels plus a basement give you room to grow or adapt however this property fits your vision. And the location-one mile from the Indianapolis Motor Speedway. If you know Speedway, you know what that means for rental income during race season and events throughout the year. This could keep running as the successful B&B it's been, or become your personal mansion in one of Indy's most unique neighborhoods. Either way, it's a rare find, act now to take advantage of the Month of MAY.
Key things to know
- 8 bedrooms, 7 bathrooms across three levels plus basement
- Honeymoon suite with four-poster bed and jacuzzi
- Two masonry fireplaces
- Wraparound front porch with mature landscaping
- Established B&B income stream; near IMS for event rental potential
Monthly payment
Estimate · $615,000
$3,807/mo
≈ $3,273 principal & interest · $534 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $123,000 on a loan of $492,000.
Price history
- Price reduced$635,000 → $615,000
Apr 2, 2026
- Listedat $650,000
Mar 5, 2026
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$650,000Listed· Mar 5, 2026
$615,000Reduced
↓ $35,000 (5.4% off original)
29 days on market
Layout
Primary bath
Tub Full with Separate Shower,Tub Whirlpool
Schools
School Town of Speedway
Middle
Speedway Junior High School
High
Speedway Senior High School
Neighborhood
- Downtown Indianapolis5.7 mi
- Zionsville Community HS11.7 mi
- Carmel Central Park13.1 mi
- Monon Trail (Carmel)13.7 mi
- Carmel High School14.3 mi
- Carmel Arts & Design District14.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
5,027 sq ft
Year Built
1927
Stories
Three Or More
Subdivision
Bakers Walnut Grove
Bedrooms
8
Bathrooms
6 full, 1 half
Garage
2 spaces
School District
School Town of Speedway