62 E Troy Ave Indianapolis, IN 46225
Garfield Park NeighborhoodEstimated payment $790/month
About This Lot
Prime 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!
Property Details
Property Type
- Land
Est. Annual Taxes
- $74
Lot Details
- 0.43 Acre Lot
- Corner Lot
Schools
- Emmerich Manual High School
Community Details
- Hoefgens Subdivision
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 491124155004000101
Map
Home Values in the Area
Average Home Value in this Area
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 | $75 | $2,700 | $2,700 | -- |
| 2023 | $75 | $2,700 | $2,700 | $0 |
| 2022 | $75 | $2,700 | $2,700 | $0 |
| 2021 | $1,259 | $2,700 | $2,700 | $0 |
| 2020 | $80 | $2,700 | $2,700 | $0 |
| 2019 | $146 | $6,200 | $6,200 | $0 |
| 2018 | $148 | $6,200 | $6,200 | $0 |
| 2017 | $132 | $6,200 | $6,200 | $0 |
| 2016 | $129 | $6,200 | $6,200 | $0 |
| 2014 | $134 | $6,200 | $6,200 | $0 |
| 2013 | $139 | $6,200 | $6,200 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/10/2025 11/10/25 | Price Changed | $150,000 | -25.0% | -- | |
| 03/18/2025 03/18/25 | For Sale | $200,000 | +700.0% | -- | |
| 04/16/2021 04/16/21 | Sold | $25,000 | -10.4% | -- | View Prior Sale |
| 04/07/2021 04/07/21 | Pending | -- | -- | -- | |
| 03/17/2021 03/17/21 | For Sale | $27,900 | +99.3% | -- | |
| 05/29/2018 05/29/18 | Sold | $14,000 | 0.0% | -- | View Prior Sale |
| 04/19/2018 04/19/18 | Off Market | $14,000 | -- | -- | |
| 07/06/2017 07/06/17 | Price Changed | $26,000 | +18.2% | -- | |
| 07/25/2016 07/25/16 | For Sale | $22,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $25,000 | Ata National Title | |
| Deed | $14,000 | -- | |
| Warranty Deed | $14,000 | Attorneys Title Agency | |
| Quit Claim Deed | $14,000 | Ata National Title |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22027484
APN: 49-11-24-155-004.000-101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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