1 Acre of Residential Land for Sale in Indianapolis, Indiana
2249-2287 S Madison Ave, Indianapolis, IN 46225
Prime Development Opportunity - 11 Consecutive Lots on Madison Avenue Just south of Downtown Indianapolis sits an extremely rare chance to control 11 consecutive lots along Madison Avenue, totaling over 1 acre of land. With flexible potential, the site is ideal for: Duplex Development - maximize rental income or resale value with multi-unit new construction. Single-Family Homes - modern infill homes in a rapidly appreciating corridor. Located minutes from downtown, Fountain Square, and Garfield Park, this corridor is seeing rapid redevelopment, with strong demand for both rentals and owner-occupied housing. Whether you're a builder looking for your next project or an investor seeking long-term upside, this collection of 11 lots offers scalability, location, and affordability all in one.
Location
- Street address
- 2249-2287 S Madison Ave
- County
- Marion County
- Community
- Nordholt Heirs Addition
- School district
- Indianapolis Public Schools
- Elevation
- 703 feet
Property details
- Acreage
- 1 acre
- Zoning
- Residential
- MLS #
- MIBOR 22059575
- Posted
Parcels
- 491124113008000101
Legal description
Nordholt Heirs ADD Lot 17
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 19, 2025 | Under contract | $225,000 | — | MIBOR |
| Aug 28, 2025 | New listing | $225,000 | — | MIBOR |