Property Attributes
- MLS#22125757
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaWayne
- NeighborhoodBakers Walnut Grove
- Zip46224
- StyleColonial,Traditional
- Year Built1927
- Taxes$ 6420
- Price$ 575,000
- Bedrooms8
- Full Bathrooms6
- Half Bathrooms1
- Sqr Footage5767
- Lot Size1.24 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Turnkey 8-bedroom, 6.5-bath bed and breakfast on 1.24 acres in Speedway, Indiana, one mile from the Indianapolis Motor Speedway. Built in 1927 and operating as an income-producing B&B, this 5,027 sq ft Colonial offers 12 rooms across three levels plus a finished basement, and sells fully furnished. Guest rooms occupy the main and upper floors while private third-floor owner's quarters keep the operator on site and out of the guest flow. The honeymoon suite features a four-poster bed, Jacuzzi, and attached parlor. A 27x16 family room, formal dining room, and eat-in kitchen with double oven, separate freezer, and gas range support full breakfast service and group bookings. Two masonry fireplaces, basement laundry, entrance foyer, built-in bookshelves, walk-in closets, and wood windows. Outside: gazebo, covered porch, mature trees, and a detached 2-car garage on a 53,840 sq ft lot with guest parking most Speedway properties cannot match. Municipal water and sewer, dual forced-air gas heat, central air, sump pump. School Town of Speedway. Race season, Brickyard weekends, concerts, and year-round Indianapolis demand have supported this property as an operating B&B. Furnishings, linens, and kitchen equipment convey. The hard part is already built: the rooms, the layout, the parking, and the address.
| Middle School | High School |
|---|---|
| Speedway Junior High School | Speedway Senior High School |
| Price History | |
|---|---|
| 9/12/2026 | Listed $575,000 |
General Features
| Heating | Zoned,Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | Cable Connected |
| Possession | Closing |
| Appliances | Dishwasher,Dryer,Gas Water Heater,Microwave,Double Oven,Gas Oven,Refrigerator,Free-Standing Freezer,Washer |
| Garage Spaces | 2 |
| Patio/Porch Features | Gazebo,Covered |
| Architectural Style | Colonial,Traditional |
| Security Features | Smoke Detector(s) |
| Construction Materials | Aluminum Siding |
| Year Built | 1927 |
| Township | Wayne |
| Levels | Three Or More |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Bakers Walnut Grove |
| Garage Y/N | Yes |
| Total Rooms | 12 |
| Full Baths | 6 |
| Status | Active |
| Directions | GPS Friendly |
| High School | Speedway Senior High School |
| City | Indianapolis |
| High School District | School Town of Speedway |
| MLS Area | 4909 - Marion - Wayne |
| Lot Size Square Feet | 53840 |
| Property Attached Y/N | No |
| Current Financing | Conventional |
| Middle/Junior High School | Speedway Junior High School |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Tax Lot | 4 |
| Legal Description | Bakers Walnut Grove L4 |
Interior Features
| Interior Amenities | Attic Stairway,Built-in Features,Entrance Foyer,In-Law Floorplan,Eat-in Kitchen,Walk-In Closet(s) |
|---|---|
| Basement | Finished Walls |
| Total Fireplaces | 2 |
| Fireplace Features | Family Room,Gas Log |
| Basement (Y/N) | Yes |
| Half Baths | 1 |
| Laundry Features | In Basement |
| Total Bedrooms | 8 |
| Below Grade Finished Area | 453 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Assessor |
| Total Baths | 7 |
Exterior Features
| Exterior Amenities | Storage |
|---|---|
| Fencing | Full |
| Parking Features | Detached |
| Lot Features | Street Lights,Mature Trees |
| Water Source | Public |
| Foundation Details | Block |
| Building Area Total | 5767 |
| Lot Size Acres | 1.24 |
| Waterfront Y/N | No |
| Other Equipment | Smoke Alarm,Sump Pump |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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Last Updated: September 23, 2026 2:41 AM UTC