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Listed by Kate Tuttle • @properties
$ 265,000
Est. payment | /mo
0.33 Acres Lot
$ 265,000
Est. payment | /mo
0.33 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Subdivision J E Downeys Arsenal Heights
MLS Listing ID 22078803
HOA Y/N No
Tax Year 2025
Lot Size 0.327 Acres
Acres 0.327
Property Sub-Type Residential Lots
Property Description
Rare opportunity to acquire a 0.33-acre parcel (multi-lot) zoned MU-1, allowing high-density residential development by right. The zoning also provides flexibility for alternative commercial uses, and the City has expressed openness to retail and creative commercial concepts, making this a highly adaptable infill site. The current ownership is open to collaborating with a commercial user, including pop-up retail, temporary activations, or a build-to-suit opportunity for the right concept. This creates a unique pathway for operators seeking a lower-barrier entry into a high-visibility location while longer-term development plans are finalized. Highlights: MU-1 zoning permitting high-density residential, City support for alternative commercial and retail uses, Ideal for pop-up retail, food, experiential concepts, or build-to-suit, Flexible ownership willing to partner on creative solutions, Infill parcel suited for both near-term activation and long-term redevelopment. This site is well-positioned for developers, operators, or investors seeking zoning flexibility, municipal support, and ownership willing to think creatively.
Location
State IN
County Marion
Zoning MU-1
Interior
Fireplace N
Exterior
View Y/N false
Building
Sewer Public Sewer
New Construction false
Schools
School District Indianapolis Public Schools
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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Sarah Beth Skidmore And Christie Snapp
Broker