Residential Land for Sale in Indianapolis, Indiana

Opportunity can be heard whispering through the grand old trees adorning the site of this .61AC lot in the heart of Fountain Square, where a once-majestic-mansion remains in the middle of 5 potential building sites, unearthing one of the most interesting redevelopment venues for residential construction in years. While the existing house doesn't look so bad from the outside, the highest & best use is probably to take her down and split up the ground into 5 new lots to host new homes. The city prefers it, the neighborhood supports it, the market craves it; and this is an exceptional site with D5 zoning, offering a variety of exciting options for new construction. Three new lots, approx 44x127 in size, would front Churchman Ave & 2 would front St Paul St. Municipal water, sewer, and electric are already connected on-site, drastically lowering standard development and tap-in fees. The Planning Department has specifically stated a replat here would be encouraged!