Unlock the endless possibilities with this awesome property! Spanning 1/4 acre with appx 88 feet of main-road frontage, this listing offers unparalleled potential. Situated directly across from Eli Lilly and in close proximity to downtown attractions like Lucas Oil Stadium and Gainbridge Fieldhouse, this location is ideal for anyone looking to capitalize on Indy's bustling urban scene. Currently zoned C5, the property holds significant commercial appeal with great street frontage, making it a prime candidate for retail or commercial use. However, the ease of rezoning to D8 provides the flexibility to transform this space into residential development, whether it be a cluster of single-family homes or stylish townhomes. The property's location on a bus route enhances accessibility, appealing to both residents and businesses. Embrace the vibrant energy of Indianapolis with this property's unmatched potential for growth and redevelopment. Whether your ambitions are commercial or residential, this is poised to accommodate your vision.
435 days
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19
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0
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Zillow last checked:
Listing updated:
Listed by:
Mike Feldman317-965-5034,
Compass Indiana, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22039010
Facts & features
Property
Lot
Size: 10,454 Square Feet
Features: Curbs, Not In Subdivision, Sidewalks, Storm Sewer, Street Lights, Zoned, See Remarks, City
Topography: Cleared,Level
Details
Additional structures: None
Parcel number: 491112189004000101
Zoning: C5
Zoning description: Commercial
Horse amenities: None
Utilities & green energy
Water: Public, Municipal Water on Site
Community & HOA
Community
Subdivision: Fletcher Place
Location
Region: Indianapolis
Financial & listing details
Annual tax amount: $4,240
Date on market: 5/15/2025
Cumulative days on market: 437 days
Listing terms: Will Divide
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
2/2/2026
Pending sale
$400,000
Source: MIBOR as distributed by MLS GRID #22039010Report a problem
9/26/2025
Price change
$400,000-10.9%
Source: MIBOR as distributed by MLS GRID #22039010Report a problem
7/15/2025
Listed for sale
$449,000
Source: MIBOR as distributed by MLS GRID #22039010Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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