The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-01-01
MARKET FOR REAL ESTATE
Unusual Activity of Downtown Prop.
erty for the Midwinter Months.
Unusual Amount Of Buying on West Wash
ingtGa Street and Its Cause-Deals
Of the Past Week.

The dullness OF holiday week in the real
estate market was broken by the recent
sale of the Carlisle Block. at the corner Of
W est and Washin aton streets. 1t being q
continuation OF q number of sales that
have occurred In that territory with
In the past month. In fact. nearly
all of the property on the square
between West and California streets
on Washington has changed hands
In hat time. All she property cold has
been held by the EQUITABLE Trust Company.
The first purchase was that Of the Braden
Block. by w. l.. Elder. and the price paid
was $4,000. The transfer ut that timo was
not made TO Mr.. Elder, who, for business
reasons. declined to have his name men,
toned In connection with 10. but he
is the purchaser. Following that came
the sale OF the Hollingsworth livery
stable property, ut 277 and 279 West Wash
ingtop street. It was bought by William
kisner. n saloon keeper. who intends, the
coming summer. 10 either erect q new
block on the site or improve the front for
store rooms. and allow the boarding stable
TO remain IN the rear.
The Carlisle Block was purchased by Mr..
III. Z. Long for s29.cOO. and for speculative
purposes. The real estate firm of John =.
spann 81 Co. have also purchased the
seventy-two feet west OF the Brsden Block.
There are several reasons advanced for
this sudden prominence of property which
has lain for so long hardly noticed. One 10
that the purchase. some time ago. of the
vacant ground. inst west of tho river. by
the Big -Four Railroad Company. Is an in
dIoation that some time in the near future
10 intends locating It's shops there. and
making Indianapolis q point Of mo-
biliZation for its whole system.
There 10. IN fact. o semi-a announcement
to that effect. should such be the case. it
ton-street property. and 10 In believed that
spectators are beginning to realize that
fact John Spann. of the Spann real estate
firm. said IN relation 20 10: II do not place so
much confidence IN the assertion that the
Big Fonr ever intends doing any of
the kline mentioned. Indeed. | hardly think
10 likely. as had 10 contem plated doing so,
it would have been made known long ago.
The reason that our firm purchased the
property it did. and the others. too. |
think. 10 that while all other property in
the city has been more or less rapidly ad-
vanoing IN value. that an that section down
there has been practically at q standstill.
This We believe will change. should new
improy ements be made in that section.
Washington street asphalted to the river
and the like. II Is bound TO keep pace with
the timos."
Mr.. II. c. Long also purchased the old
during the week. paying $4,000 for 10.
Davic Nicholson. the seller. purchased it
several years ago from the Remy here, INC
has made q handsome profit on it.
knight * Jillson purchased the property
which 10 occu pied by their business located
on sonth Pennsylvania street of Mrs.
Elizabeth Sharpe. the consideration being
$4,000. The property has u thirty-ive-foot
frontage.
The general business OF the week has
been quiet. owing 10 10 being the end of
the year and Md winter Quite n nuIlber
of small sales have been recorded. mostly
of residence property. Indications for the
coming months are more than tiattering. and
dealers are looking onward 10 a busy
season. The transfers Tor the week
amounted TO SIS, go.