1549 N Arsenal Avenue, Indianapolis, IN 46201
- $425,000
- List Price
- $425,000
- MLS#
- 22076967
- Property Type
- Land
- Days on Market
- 286
- Status
- PENDING
Property Description
This prime vacant parcel in Indianapolis presents an exceptional development opportunity, already approved for 16 residential units. Situated on a hard corner with excellent road frontage, the site offers strong visibility and access, ideal for a multi-unit residential project. An added advantage is the potential to acquire neighboring parcels, which could significantly expand the overall footprint and allow for additional units beyond the current approval. This flexibility creates a compelling upside for developers looking to scale or enhance density in a growing market. With approvals in place and expansion potential on the table, this property is well positioned for an efficient path from acquisition to development in a desirable Indianapolis location.
Additional Information
- Present Zoning
- Multi-Fam
- Number of Lots
- 2
- Land Characteristics
- Corner
- Topography
- Cleared
- Soil Type
- Not Applic
- Development Status
- Finished Lot(s)
- Facilities on Site
- Cable, Electric, Gas, Sewer, Water
- Facilities near Site
- None
- Water
- Municipal Water on Site
- Sewer
- Public Sewer
- Road Access
- See Remarks
- Road Frontage
- City Street
- Road Surface
- Asphalt
- Acres
- 0.46
- Water
- Municipal Water on Site
- Region
- Center
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Listing courtesy of eXp Realty, LLC.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative