The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-11-18
City Market Busy; Report
Several Business
Property Leases.

Local real estate market was
active last week, according to the
weekly survey of the Indianapolis
Real Estate Board. A number of
deals on residential properties and
several business property leases were
reported.
Purchase of a house at 3942 North
Delaware street by James E. Deery,
former city court judge, from j. S.
Watson of the Link-Belt Company,
was announced by Joseph j. Argus,
president of the American Estates
Company. The house is brick We
neer, center hall type, with four bed
rooms and two baths. 1t has a tile
roof, two-caf garage and is located
on a lot 60X130 feet.
The company also sold. for Guy Aran-
holt to Marion I. Eaton and May B.
Brubaker. a double house at 5546-48 Col
lege avenue. Sale by Charles F. Sanders
to James w Gould of a four-bedroom
from, house at s342 Carrolton avenue. also
was announced.
The company also negotiated the sale OF
two lots in Woodruff Place, owned by
Arthur Baxter. One of them was pur-
chased by DR.. J. F. Rigg, who is build
ing on it a three-bedroom house. The
other lot was bought by Frank H. Egan.
The sale. according to Argus, totaled
$4,000.
Ten Lots Purchased
Purchase of ten large lots on Meridian
cyrIu
the Marion Hamilton county line. by
Victor Gorton, from the receiver for the
Federal Purchase Corporation. was an
nounced by Albert H. wurster of the
Homedell Realty Company. who rep
resented the receiver. Five of the lots
face on each street. Each lot has a
frontage of. 100 feet and a depth of 300
feet. Charles over represented the pur-
chaser.
Leases of several business properties
were announced by H. L. Yelch, sales
manager for the F. C. Tucker Company
Among them was ffteen-year lease,
taken by Gaseteria, Inc. taken on prop
erty at the southwest corner of Tenth
and Dorman streets, owned by the Adams
81 Raymond Veneer Company. Total
rentals under the lease will be 10000.
The Gaseteria now is building a modern
service station on the property.
The company negotiated the lease Of
two storerooms to the Crown Laundry and
Dry Cleaning Company. One, at Thirty
eighth street and College avenue. was
leased from Jacob zier for five years at
a total rental of ST .440 and the other. at
1897 oliver avenue was leased, for short
term. from j. Yaverowitz for an aggregate
rental of $4,000.
Sales by the Tucker company included
an eight-room modern house at 1902 Belle
fontaine street, purchased by Mrs. Sidney
Veuch from the Railroadmen's Building
and Loan Association for $3.50; Ave
room modern bungalow at 6l48 Bucking-
ham avenue. brought by Henry Nordick
from Brandt c. Downey, trustee. for
$3.50. a fve-room and semi-modern
house at 324s North Emerson avenue. pur-
chased by Charles and Madeline Seldom
ridge from Tucker for $500. and lot
in fuckers East Thirty fourth street sd-
dition, sold to Noble Baysinger. for
$1,000.
Five Sales Announced
Five sales, amounting TO $4,000. we're
announced By Robert Allison. of the
Allison Realty Company. Two Of the
properties were owned By the com
pany. One of them. at 265s Allen
avenue. was cold to F. N. Naily for $4,000.
The other. a nYe-room. modern bungalow,
at 1854 South East street. was purchased
By Norman wertz for s4,100.
A nye-roon modern bungalow at 1885
West Thirty-hfth street. owned by T. E.
Grinslade. was sold to Russell Kinder for
81, 800. and q f1ve-roo1, frame bungalow
at se2s East Eleventh street. built BY C.
o. Grinslade. was purchased by Il. z.
Yorger for $3.50.
The Allison company also sold to VII