$425,000
$50K PRICE DROP

Estimated payment $2,321/month

Total Views 359,814
0.4 Acre
$1,062,500 Price per Acre
17,424 Sq Ft Lot

About This Lot

Prime development opportunity located at the corner of 16th Street and Central Avenue in the highly desirable Herron-Morton Place Historic District of Downtown Indianapolis. Positioned in a high-visibility, high-traffic area with strong walkability, this site offers excellent access to Mass Ave & The Bottleworks District as well as many other Downtown attractions. At this price and location, this property is an ideal opportunity for investors or developers looking to bring a unique vision to one of the city's most vibrant and growing neighborhoods!

Listing Agent

Tommy Johnson

@properties License #RB18002124 Listed on: 07/09/2025

@properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,566

Lot Details

  • 0.4 Acre Lot

Community Details

  • Allen & Roots North Subdivision

Listing and Financial Details

  • Tax Lot 205,206, & Pt 207
  • Assessor Parcel Number 490636158212000101

Property Details

Property Type

Land

Est. Annual Taxes

$1,566

Lot Details

0.4 Acres

Listing Details

  • Type: Multiple
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2024
  • Lot Size Acres: 0.4
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: Allen & Roots North
  • Transaction Type: Sale
  • Special Features: None

Exterior Features

  • Other Structures: Not Applicable
  • Topography: Cleared,Level
  • Road Access: Frontage Road,Street Cuts
  • Water: Other

Utilities

  • Sewer: Other
  • Solid Waste: No

Lot Info

  • Development Status: See Remarks
  • Horse Amenities: None
  • Lot Size Sq Ft: 17424
  • Parcel Number: 490636158212000101
  • Zoning: C3
  • Acres: 1/4-1/2 Acre
  • Land Characteristics: City,Corner
  • Present Zoning: Commercial
  • Soil Type: Gravely
  • Divisible: Yes

Tax Info

  • Tax Annual Amount: 1566
  • Tax Lot: 205,206, & Pt 207
  • Semi Annual Property Tax Amt: 783

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2026 01/23/26 Price Changed $425,000 -10.5% --
07/09/2025 07/09/25 For Sale $475,000 -- --
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22049621

MIBOR Broker Listing Cooperative®
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