Situated on a highly visible hard corner adjacent to Interstate 70, this 0.34-acre parcel offers exceptional access and exposure in the heart of a rapidly developing area. Previously zoned C-5 and recently rezoned to D-8 to support multifamily development, the property presents a versatile opportunity for office, retail, apartment, or condominium use. With excellent visibility, convenient access, and close proximity to downtown Indianapolis and Fountain Square, this site is well positioned for a wide range of commercial or residential development concepts.
Active
$379,900
1032 S East St #1040-S, Indianapolis, IN 46225
--beds
--baths
0.34Acres
Unimproved Land
Built in ----
0.34 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Excellent visibilityHighly visible hard cornerExceptional access and exposureConvenient access
- 87 days |
- 16 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Keith Turnbill 317-626-0800,
RE/MAX Advanced Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22101882
Facts & features
Property
Lot
- Size: 0.34 Acres
- Features: Corner
- Topography: Level
Details
- Additional parcels included: 1032 & 1040 S. East Street
- Parcel number: 491112122002000101
- Zoning: D-8
- Zoning description: Multi-Fam
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: Hilgemeier & Muegges Sub
Location
- Region: Indianapolis
Financial & listing details
- Annual tax amount: $2,246
- Date on market: 5/13/2026
- Cumulative days on market: 90 days
- Listing terms: Sell Entity
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Listed for sale | $379,900 |
Source:  MIBOR as distributed by MLS GRID #22101882 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Near Southside
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.7 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3.4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.8 mi
- $25,1003,484 sqft1040 S East St, Indianapolis, IN 46225Off Market
- $345,0002 bd2 ba1.1k sqft1041 S East St, Indianapolis, IN 46225For Sale
- $9,500-- bd-- ba-- sqft511 Prospect St, Indianapolis, IN 46203Off Market
- $2,2313 bd2 ba1.6k sqft518 Prospect St #ID1353834P, Indianapolis, IN 46203For Rent
- $3,0473 bd2 ba1.6k sqft518 Prospect St #ID1357365P, Indianapolis, IN 46203For Rent
- $172,0004 bd-- ba794 sqft1038 S New Jersey St, Indianapolis, IN 46225Off Market
- $---- bd-- ba-- sqft518 Prospect St APT C, Indianapolis, IN 46203Off Market
- $359,4003 bd1 ba1.5k sqft522 Prospect St, Indianapolis, IN 46203Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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