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$380,000
46205 Zip Code
This incredible .41 of an acre lot has a beautiful park-like setting and features a rare opportunity to design a two-level walk-out home. The wonderful slope of the lot would allow the walkout to be on the front of the house (facing Watson Road) giving it a 2-story front. There could also be a nice enclosed courtyard on the upper level with the garage on the north side, house on the east side, additional bedrooms on the south side. and finally a wall (similar to the stone wall of the home at 3502 Watson Rd.) on the west side. The lot has an existing driveway cut and driveway up to where the garage would be located (shared driveway). It already has an easy sewer tap on the lot (so no additional cost to connect to the street sewer). Restrictions apply for the type of home that can be built, site regulations, landscaping, shared driveway maintenance, and pet and animal restrictions.

3500 Watson Road

Listing courtesy of F.C. Tucker Company.

$439,000
46122 Zip Code
Discover the perfect blend of rural functionality and future potential on this exceptional 14.66-acre property. Designed with both homesteading and development in mind, this versatile tract is already equipped with major improvements that save time and expense. The property features a newer 8-inch well that is less than two years old, 400-amp electrical service, and RV hookup already in place. A spacious 30x50 pole barn provides ample room for equipment, storage, workshop space, or livestock needs. Poultry enthusiasts will appreciate the large chicken coop with capacity for approximately 130 chickens, making this property ideal for hobby farming or small-scale agricultural operations. A small utility structure adds additional convenience and functionality. The groundwork has already been started for future development, with county-approved trees planted for minor platting approval. Whether you're looking to build your dream home, create a mini farm, establish a rural retreat, or invest in land with infrastructure already completed, this property offers outstanding opportunity and value.

2425 E County Road 150 S

Listing courtesy of Carpenter, REALTORS®.

$50,000
46221 Zip Code
Prime opportunity near downtown Indianapolis! This residential vacant lot is ideally located on a high-visibility, busy city street, offering excellent accessibility and exposure. The property features convenient rear alley access, providing added flexibility for parking, garage entry, or future development options. This is an empty lot-ready for your vision-whether you're looking to build a primary residence, investment property, or explore development potential in a rapidly growing area close to downtown amenities, dining, and entertainment. An additional adjacent lot is also available, zoned commercial (see MIBOR Listing #22099750), offering potential for mixed-use or expanded investment possibilities. Lots can be sold separately. Drive by and bring your clients-don't miss this versatile infill opportunity in a prime location!

1852 W Morris Street

Listing courtesy of eXp Realty, LLC.

$399,000
47303 Zip Code
Prime commercial opportunity with scale, visibility, and flexibility-this 4.91-acre parcel delivers the footprint serious investors and developers are searching for. Positioned at a high-exposure location, the property boasts approximately 328 feet of valuable road frontage, offering excellent accessibility and strong presence for any future project. The parcel is situated to the right side of the existing black building (address may reflect the main structure), with a portion already fenced and significant concrete improvements in place-including additional concrete extending along the right side, adding immediate utility and cost savings for development. This setup creates a rare advantage for users seeking a ready-to-adapt site. Zoned for a wide range of potential commercial applications, this property is ideal for warehouse development, mail-order/distribution operations, showroom space, commercial storage, or flex-use concepts. The size and layout also support self-storage development or a multi-use commercial facility, subject to city approvals and variance requirements. Offered below market value, this is a strategic acquisition for investors, owner-users, or developers looking to capitalize on a large, well-positioned tract with existing improvements and infrastructure in place. Bring your vision-opportunities of this scale, frontage, and pricing are increasingly rare. Buyer to verify zoning, permitted uses, and any variance requirements with the local municipality.

2900 N Walnut Street

Listing courtesy of eXp Realty, LLC.

$315,000
46202 Zip Code
MULTI-FAMILY DEVELOPMENT SITE, DOWNTOWN INDIANAPOLIS, PRE-APPROVED FOR 5 UNITS, .20+/- acre, 5 legal conforming D-8 parcels with addresses. Holy Cross neighborhood, close to popular downtown sites including Mass Ave and The Garage. Most preliminary work completed to break ground, including approvals on subdivision plat and zoning variances. No drainage permit or on-site detention required. Next step, building permits. Sale includes plans and renderings of proposed townhomes. The location is one of the highest points in the City, making the planned rooftop decks an especially attractive feature with a view to the downtown skyline. Rights to all construction documents necessary to permit and develop the project are included in the sale. The Seller is offering to assist with the transfer of information in order to effect a smooth transition for the Buyer. Knowing the time and work that goes into putting a plan in place, the right builder has a real opportunity to seize the moment and build a carefully designed project, starting NOW!

1136 E New York Street

Listing courtesy of F.C. Tucker Company.

$265,000
46203 Zip Code
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.

828 Shelby Street

Listing courtesy of Ferris Property Group.

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