7039 E 38th St Indianapolis, IN 46226
Arlington Woods NeighborhoodEstimated payment $831/month
About This Lot
Commercial Lot for Sale: 0.45 Acres on E 38th St in Indianapolis High-visibility commercial lot in a proven traffic corridor. Located just east of 38th and Shadeland, this 0.45-acre C3/D5-zoned property sits near a signalized intersection with heavy daily traffic and direct access to I-465 and I-70. Ideal for retail, office, auto, food service, or flex development. The site is cleared, level, and already equipped with municipal water, sewer, electric, and gas on-site-making it shovel-ready for a wide range of commercial uses. Surrounded by national retailers, service businesses, and established neighborhoods, this is a key location for any operator seeking strong street exposure and logistical convenience. Property highlights: Zoned C3/D5, 0.45 acres (approx. 19,514 sq ft) Former gas station site, fully cleared with IDEM sign-off complete Flat topography with state road frontage Street cut access, asphalt surface, strong traffic counts Utilities: electric, gas, water, and sewer all on-site Immediate access to Shadeland Ave, I-465, and I-70 This lot offers unmatched exposure and utility access in a prime East Side commercial zone. Whether you're an owner-user or developer, the location supports a wide variety of business models. Priced to move and ready for your next build.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,776
Lot Details
- 0.45 Acre Lot
Schools
- Warren Central High School
Listing and Financial Details
- Tax Lot 7039
- Assessor Parcel Number 490724123023000700
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 | $1,479 | $51,500 | $51,500 | -- |
| 2023 | $1,479 | $51,500 | $51,500 | $0 |
| 2022 | $1,439 | $51,500 | $51,500 | $0 |
| 2021 | $1,419 | $46,800 | $46,800 | $0 |
| 2020 | $1,284 | $46,800 | $46,800 | $0 |
| 2019 | $1,388 | $46,800 | $46,800 | $0 |
| 2018 | $1,389 | $46,800 | $46,800 | $0 |
| 2017 | $1,492 | $46,800 | $46,800 | $0 |
| 2016 | $1,562 | $46,800 | $46,800 | $0 |
| 2014 | $1,404 | $46,800 | $46,800 | $0 |
| 2013 | $1,404 | $46,800 | $46,800 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/27/2025 12/27/25 | Price Changed | $115,000 | -4.1% | -- |
| 12/19/2025 12/19/25 | Price Changed | $119,900 | -4.1% | -- |
| 07/18/2025 07/18/25 | For Sale | $125,000 | -16.6% | -- |
| 05/13/2025 05/13/25 | Pending | -- | -- | -- |
| 11/02/2021 11/02/21 | For Sale | -- | -- | -- |
| 10/31/2021 10/31/21 | Off Market | -- | -- | -- |
| 07/04/2020 07/04/20 | For Sale | $149,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | -- | None Available |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21722954
APN: 49-07-24-123-023.000-700
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.
- 7257 E 38th St
- 7305 E 38th St
- 3701 N Kercheval Dr
- 4006 Kenneth Ave
- 3751 N Sadlier Dr
- 3619 N Kercheval Dr
- 7250 E 34th Place
- 3617 N Sadlier Dr
- 4012 N Elizabeth St
- 7525 Ruskin Place
- 7510 E 34th St
- 7638 E 37th Place
- 6672 E 43rd Place
- 3731 Wellington Ave
- 3811 N Sheridan Ave
- 3607 Wellington Ave
- 4312 N Pasadena
- 6508 Meadowlark Dr
- 4458 Four Seasons Cir
- 3110 N Richardt Ave
- 3775 Allerton Place
- 7171 Twin Oaks Dr
- 3900 N Shadeland Ave
- 6875 Faris Ave
- 7975 Red Mill Dr
- 7852 Marten Ct S
- 7414 E 30th St
- 4620 Englewood Dr
- 8209 E 37th Place
- 8016 Louisville Dr
- 3864 Esquire Ct
- 8308 E 35th Place
- 4701 N Kitley Ave
- 3814 Esquire Place
- 4741 N Longworth Ave
- 4555 N Arlington
- 4836 N Kitley Ave
- 4931 Karen Dr
- 5602 Culver St
- 3964 N Lesley Ave