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Mixed-Use Land for Sale in Indianapolis, Indiana
62 E Troy Ave, Indianapolis, IN 46225
$150,000
0.43 acres
Active
$50k drop
Est $1,120/moPrime investment opportunity! This large corner commercial lot near Meridian and Troy offers incredible potential in a high-demand area. Zoned D-5, this lot is ideal for multifamily development, mixed-use projects, or other commercial possibilities. The seller has blueprints for a potential 4-unit building, which can be included with the sale, providing a head start on development. With excellent visibility and easy access to major roadways, this location is perfect for investors or developers looking to capitalize on a growing market. Don't miss out-schedule your showing today!
Location
- Street address
- 62 E Troy Ave
- County
- Marion County
- Community
- Hoefgens
- School district
- Indianapolis Public Schools
- Elevation
- 715 feet
Property details
- Lot size
- 0.43 acres18,731 sq ft
- Zoning
- Commerical
- MLS #
- MIBOR 22027484
- Posted
Parcels
- 491124155004000101
Legal description
A Hoefgens Hrs Add Pt L8 Beg Nw Cor E 150Ft S126ft W 150Ft N 126Ft To Beg
Resources
Details and features
Listing
- Type
- Land
- Subtype
- Unimproved Land
Exterior
- Features
- Corner Lot
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Emmerich Manual High School | High | Indianapolis Public Schools | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 10, 2025 | Price drop | $150,000 | $50,000 -25% | MIBOR |
| Mar 18, 2025 | New listing | $200,000 | — | MIBOR |
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