$395,000
$80K PRICE DROP

Estimated payment $2,252/month

Total Views 366,478
0.4 Acre
$987,500 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 Brokerage Email: tjohnson@atpropertiesind.com License #RB18002124 Listed on: 07/09/2025

@properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,566

Lot Details

  • 17,424 Sq Ft 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
  • Attribution Contact: tjohnson@atpropertiesind.com
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/01/2026 05/01/26 Price Changed $395,000 -7.1% --
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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