Sheldon Barnes
For Sale — 7601 Milhouse Road, Indianapolis, IN 462417601 Milhouse Road
Indianapolis, Indiana 46241
No Subdivision
$250,000
Schedule a Showing1
Beds
2
Baths
1,424
Sq Ft
1977
Year Built
0.97
Acres
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ABOUT THIS HOME
Unique opportunity to own a versatile property with both residential and commercial potential. This home has long served as the maintenance office for an Ameriplex maintenance and offers a flexible layout ready for a variety of uses. The property includes an attached 1-car garage, a detached 3-car garage, and an additional storage shed, providing ample space for vehicles, tools, and equipment. Set on a convenient and accessible site, the structure could easily transition back to a private residence, continue as a support facility, or be repurposed for small-business operations. With its solid construction and generous storage, this property combines practicality with potential-perfect for tradespeople, small contractors, or investors seeking adaptable space in a prime location.
Key things to know
- Attached 1-car garage + detached 3-car garage
- Storage shed on 0.97-acre lot
- Flexible layout for residential or commercial use
- Solid 1977 construction
Monthly payment
Estimate · $250,000
$1,761/mo
≈ $1,331 principal & interest · $430 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $50,000 on a loan of $200,000.
Price history
- Listedat $250,000
Nov 20, 2025
Recent comparable sales
$50,000
40 S Taft Avenue
1bd · 1ba · 1,008 sqft
Sold May 2026
$259,900
321 Hardin Boulevard
2bd · 2ba · 1,134 sqft
Sold May 2026
$140,000
5107 Martha Street
2bd · 2ba · 1,104 sqft
Sold Apr 2026
$160,000
3540 Lambert Street
2bd · 1ba · 1,260 sqft
Sold May 2026
$195,000
804 Ingomar Street
2bd · 2ba · 1,824 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 56% above median for similar nearby sales.
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
$250,000Listed· Nov 20, 2025
168 days on market
Layout
Schools
MSD Decatur Township
Middle
Decatur Middle School
High
Decatur Central High School
Neighborhood
- Downtown Indianapolis9.6 mi
- Zionsville Community HS19.9 mi
- Carmel Central Park21.2 mi
- Monon Trail (Carmel)21.6 mi
- Carmel High School22.2 mi
- Carmel Arts & Design District22.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,424 sq ft
Year Built
1977
Stories
One
Subdivision
No Subdivision
Bedrooms
1
Garage
2 spaces
School District
MSD Decatur Township