Active

$549,000

985 N Delaware St, Indianapolis, IN 46202

--beds

--baths

10,454Square Feet

Unimproved Land, Residential Lots

Built in ----

10,454 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Alley accessExcellent walkability

Creative seller! Bring an offer! Prime development opportunity in the heart of Downtown Indianapolis! 985 N Delaware St offers a rare chance to acquire a vacant CBD-2 zoned lot in the sought-after St. Joseph neighborhood-just steps from Mass Ave, the Cultural Trail, restaurants, parks, and downtown employment centers. CBD-2 zoning allows for high-density residential, mixed-use, retail, office, hotel, or multi-story development (buyer to verify). With alley access and excellent walkability, this site is ideal for boutique multifamily, townhomes, professional offices, or a mixed-use project. A perfect opportunity for builders, developers, or investors looking to capitalize on a rapidly growing urban corridor.

37 days

60

4

Facts & features

Property

Lot

Size: 10,454 Square Feet
Features: Corner Lot, Curbs, Sidewalks, Corner, Rectangle
Topography: Cleared,Level

Details

Additional structures: None
Parcel number: 491101223039000101
Zoning: CBD2 RC
Zoning description: Other
Horse amenities: None

Utilities & green energy

Water: Municipal Water Near By

Community & HOA

Community

Subdivision: Sorins

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $116,500
Annual tax amount: $3,246
Date on market: 6/2/2026
Cumulative days on market: 217 days
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/2/2026	Listed for sale	$549,000-0.2%
Source: MIBOR as distributed by MLS GRID #22073736 Report a problem
5/19/2026	Listing removed	$550,000
Source: MIBOR as distributed by MLS GRID #22073736 Report a problem
4/20/2026	Price change	$550,000-26.7%
Source: MIBOR as distributed by MLS GRID #22073736 Report a problem
11/20/2025	Listed for sale	$750,000+650%
Source: MIBOR as distributed by MLS GRID #22073736 Report a problem
11/21/2014	Sold	$100,000
Source: MIBOR as distributed by MLS GRID #21231679 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,245 +0.4%	$116,500
2024	$3,231 -0.2%	$116,500
2023	$3,239 +7.8%	$116,500
2022	$3,005 +0.2%	$116,500 +15%
2021	$3,000 -1.8%	$101,300
2020	$3,054 -3%	$101,300
2019	$3,149 -24.7%	$101,300
2018	$4,180 +57.9%	$101,300
2017	$2,647 -13.7%	$101,300
2016	$3,067 +83.5%	$101,300 +77.1%
2014	$1,671 -9.9%	$57,200
2013	$1,855	$57,200
2012	$1,855	$57,200
2011	--	$57,200
2010	$1,189 -2.5%	$57,200
2009	$1,219	$57,200
2007	--	$57,200

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

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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