Residential Land for Sale in Indianapolis, Indiana

Prime development opportunity just steps from the brand-new IU Health Downtown Hospital & Methodist Campus expansion. This 0.24-acre vacant lot (approximately 60 feet of frontage on Capitol by 150 feet of depth on 22nd) offers outstanding potential for multi-family development, ideal for townhomes, duplexes, or a small apartment or quadplex project. Situated within the Near North corridor, the property provides quick and easy access to Downtown Indianapolis, I-65 and I-70, and the 16th Street commercial corridor, making it highly desirable for residents seeking proximity to healthcare, education, and employment centers. The location places you within walking distance to IU Health's $1.6-billion hospital project opening in 2027, surrounded by ongoing redevelopment and strong housing demand. All city utilities are available nearby, and zoning (D-8) supports multifamily construction. With its central location, visibility, and strong rental and resale demand driven by the expanding hospital workforce and downtown professionals, 2181 N Capitol Ave stands as a rare infill opportunity in the direct path of Indianapolis' continued urban growth.