Sheldon Barnes
For Sale — 839 S Lynhurst Drive, Indianapolis, IN 46241839 S Lynhurst Drive
Indianapolis, Indiana 46241
Indianapolis Heights
$425,000
Schedule a Showing2
Beds
1
Baths
1,148
Sq Ft
1915
Year Built
0.36
Acres
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ABOUT THIS HOME
RARE OPPORTUNITY! This two bedroom, one level home sits on a huge lot and is currently zoned C5, offering a wide spectrum of potential uses. Own and occupy the home, own & occupy the home and run a business onsite, or utilize the property for business only. The current owners occupy the home and operate a daycare out of the second structure on the property which is over 1,000 square feet. A third bedroom could easily be added with addition of closet. Home in terrific shape with updated kitchen. Much of personal property will be available as well if buyer has interest. The onsite daycare has been in business over 20 years. Current gross income from that business is $2,000 per week -- this would be a perfect opportunity for an existing daycare to acquire or anyone holding a license. Possibilities are endless. Over 10,000 vehicles pass this location daily according to INDOT's latest traffic count. Perfect backyard for entertaining with inground pool and two storage sheds. Hurry, this opportunity will not last!
Key things to know
- Commercial zoning (c5) allows multiple business uses
- Established daycare business with $2k weekly gross income
- 1000+ sq ft secondary structure on property
- Updated kitchen
- Inground pool and entertainment space
Monthly payment
Estimate · $425,000
$2,388/mo
≈ $2,262 principal & interest · $126 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $85,000 on a loan of $340,000.
Price history
- Listedat $425,000
Sep 24, 2025
Indianapolis Heights · activity
past 6 months
- Sold
- 2
- Median price
- $176,000
- Median DOM
- 44 days
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
$65,000
3915 Oliver Avenue
3bd · 1ba · 1,112 sqft
Sold May 2026
$140,000
5107 Martha Street
2bd · 2ba · 1,104 sqft
Sold Apr 2026
$175,000
1002 Collier Street
3bd · 1ba · 858 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 204% 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
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$425,000Listed· Sep 24, 2025
177 days on market
Layout
Schools
MSD Wayne Township
Neighborhood
- Downtown Indianapolis5.0 mi
- Zionsville Community HS14.4 mi
- Carmel Central Park15.3 mi
- Monon Trail (Carmel)15.8 mi
- Carmel High School16.4 mi
- Carmel Arts & Design District17.0 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,148 sq ft
Year Built
1915
Stories
One
Subdivision
Indianapolis Heights
Bedrooms
2
Bathrooms
1 full
School District
MSD Wayne Township