Prime development opportunity in the heart of Fountain Square! Located at 828 Shelby Street, this 0.14-acre (5,876 sq ft) corner lot offers outstanding visibility and flexibility in one of Indianapolis' most vibrant and rapidly growing districts. Zoned for commercial C-5 use, this property presents a wide range of possibilities-from retail or office space to a mixed-use development featuring street-level storefronts with residential condos or apartments above. The corner positioning enhances accessibility and exposure, making it ideal for a standout project. All utilities are available, and the lot is build-ready, allowing you to move forward with your vision without delay. Just steps away from popular restaurants, local shops, and nightlife, this location delivers the energy and walkability that define the Fountain Square lifestyle. Opportunities like this are increasingly rare-secure your place in one of Indianapolis' most dynamic corridors and bring your development plans to life.
88 days
|
37
|
2
|
Zillow last checked:
Listing updated:
Listed by:
Steve Snyder317-523-4838,
Ferris Property Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22097356
Facts & features
Property
Lot
Size: 6,098 Square Feet
Features: City, Corner
Topography: Cleared
Details
Parcel number: 491112236463000101
Zoning: C5
Zoning description: Commercial
Horse amenities: None
Utilities & green energy
Water: Municipal Water Near By
Community & HOA
Community
Subdivision: Fletcher Place
Location
Region: Indianapolis
Financial & listing details
Annual tax amount: $376
Date on market: 4/24/2026
Cumulative days on market: 90 days
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
4/24/2026
Listed for sale
$265,000
Source: MIBOR as distributed by MLS GRID #22097356Report a problem
3/7/2026
Listing removed
$265,000
Source: MIBOR as distributed by MLS GRID #22074346Report a problem
11/21/2025
Listed for sale
$265,000-11.6%
Source: MIBOR as distributed by MLS GRID #22074346Report a problem
7/28/2025
Listing removed
$299,900
Source: MIBOR as distributed by MLS GRID #22019072Report a problem
2/2/2025
Listed for sale
$299,900
Source: MIBOR as distributed by MLS GRID #22019072Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.