$1,250,000
$250K PRICE DROP

Estimated payment $7,036/month

Total Views 10,943
5 Acres
$250,000 Price per Acre
217,800 Sq Ft Lot

About This Lot

Located at 2345 S Arlington Ave, Indianapolis, IN 46203, this 5-acre property offers exceptional potential for commercial development or investment. Zoned C1 (Office-Buffer Commercial District), this site is ideal for a variety of permitted uses, including professional offices, medical clinics, retail shops, personal services, childcare centers, and more-making it a versatile opportunity in a growing area. The property includes an 864 SF single-family home featuring 3 bedrooms, 1 bathroom, and a mini barn. Which could serve as temporary rental, office space, or on-site housing during development. With ample space for expansion and easy access to 465 and 74, this property is well-positioned for business use or redevelopment. Whether you're looking to establish a new commercial venture, build office space, or explore mixed-use possibilities, this site offers a strong foundation for future growth.

Listing Agent

Halea Kopetsky

Keller Williams Indpls Metro N License #RB15001365 Listed on: 03/06/2025

Keller Williams Indpls Metro N

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,580

Lot Details

  • 5 Acre Lot

Community Details

  • Arlington Subdivision

Listing and Financial Details

  • Tax Block 23
  • Assessor Parcel Number 491023109003000700

Property Details

Property Type

Land

Est. Annual Taxes

$1,580

Lot Details

0

Listing Details

  • Type: See Remarks
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 5
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Arlington
  • Transaction Type: Sale
  • Special Features: None

Exterior Features

  • List Price: 1250000
  • Other Structures: Barn(s), Tenant House
  • Topography: Wooded
  • Road Access: Frontage Road
  • Water: Municipal Water on Site

Utilities

  • Sewer: Public Sewer
  • Solid Waste: No

Lot Info

  • Additional Parcels: No
  • Current Use: Residential
  • Development Status: NoStatus
  • Horse Amenities: None
  • Lot Size Sq Ft: 217800
  • Parcel Number: 491023109003000700
  • Zoning: C1
  • Acres: 5-10 Acres
  • Land Characteristics: City,Mature Trees,Rectangle,Wooded
  • Present Zoning: Commercial
  • Price Acre: 250000
  • Soil Type: Not Applic
  • Divisible: Yes

Tax Info

  • Tax Annual Amount: 1580
  • Tax Block: 23
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 790

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,723 $66,300 $30,000 $36,300
2023 $1,723 $64,200 $30,000 $34,200
2022 $1,599 $61,500 $30,000 $31,500
2021 $1,586 $59,200 $30,000 $29,200
2020 $1,486 $57,100 $30,000 $27,100
2019 $1,494 $55,900 $30,000 $25,900
2018 $1,531 $57,800 $30,000 $27,800
2017 $1,392 $56,500 $30,000 $26,500
2016 $1,385 $55,000 $30,000 $25,000
2014 $1,198 $51,500 $30,000 $21,500
2013 $1,104 $47,000 $30,000 $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $1,250,000 -9.1% --
05/06/2025 05/06/25 Price Changed $1,375,000 -8.3% --
03/06/2025 03/06/25 For Sale $1,500,000 -- --
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22025580

MIBOR Broker Listing Cooperative®

APN: 49-10-23-109-003.000-700