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Listed by Charlene Gaard • No Limit Real Estate, LLC
$269,500
Est. payment /mo
10,018 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Hyde Park
MLS Listing ID 21980591
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Unimproved Land
Property Description
CITY APPROVED FOR 10 UNITS - D8 DEVELOPMENT OPPORTUNITY! Excellent multifamily infill opportunity near Downtown Indianapolis with city approval for a 10-unit residential development. Approximately 9,886 square feet of cleared land with D8 zoning. The site was previously comprised of three tax parcels, which the owner reports have now been consolidated into one parcel; tax records are expected to reflect the consolidation in January. Convenient location near Downtown, IU Health Methodist Hospital, Ivy Tech, Riverside Park and major transportation corridors. Former gas-station site with prior IDEM environmental clearance reported by seller. At the current asking price, land cost is approximately $22,990 per approved unit. Ideal opportunity for a multifamily builder or investor seeking an approved urban infill project. Buyer to verify approvals, zoning, parcel consolidation, utilities, environmental documentation and all development requirements.
Location
State IN
County Marion
Zoning Commercial
Interior
Fireplace N
Building
Sewer Not Applicable
New Construction false
Schools
School District Indianapolis Public Schools
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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