MULTI-FAMILY DEVELOPMENT SITE, DOWNTOWN INDIANAPOLIS, PRE-APPROVED FOR 5 UNITS, .20+/- acre, 5 legal conforming D-8 parcels with addresses. Holy Cross neighborhood, close to popular downtown sites including Mass Ave and The Garage. Most preliminary work completed to break ground, including approvals on subdivision plat and zoning variances. No drainage permit or on-site detention required. Next step, building permits. Sale includes plans and renderings of proposed townhomes. The location is one of the highest points in the City, making the planned rooftop decks an especially attractive feature with a view to the downtown skyline. Rights to all construction documents necessary to permit and develop the project are included in the sale. The Seller is offering to assist with the transfer of information in order to effect a smooth transition for the Buyer. Knowing the time and work that goes into putting a plan in place, the right builder has a real opportunity to seize the moment and build a carefully designed project, starting NOW!
90 days
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Zillow last checked:
Listing updated:
Listed by:
Jane Drew Pollom317-730-3791,
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22097129
Facts & features
Property
Lot
Size: 8,712 Square Feet
Features: Platted Subdivision
Topography: Level
Details
Parcel number: 491006124078004101
Zoning: D-8
Zoning description: Multi-Fam
Horse amenities: None
Utilities & green energy
Water: Municipal Water Near By
Community & HOA
Community
Subdivision: Elevate Sub
Location
Region: Indianapolis
Financial & listing details
Date on market: 4/24/2026
Cumulative days on market: 94 days
Listing terms: See Remarks
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/14/2026
Price change
$315,000-8.7%
Source: MIBOR as distributed by MLS GRID #22097129Report a problem
6/11/2026
Price change
$345,000-5.5%
Source: MIBOR as distributed by MLS GRID #22097129Report a problem
4/24/2026
Listed for sale
$365,000
Source: MIBOR as distributed by MLS GRID #22097129Report a problem
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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