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931 S East Street

Indianapolis, IN 46225

PendingListed May 15, 2025 · 264 days on market

Key facts

Lot
0.24 acres
Type
Land · Unimproved Land
MLS #
22039010
County
Marion
Subdivision
Fletcher Place

About this home

Unlock the endless possibilities with this awesome property! Spanning 1/4 acre with appx 88 feet of main-road frontage, this listing offers unparalleled potential. Situated directly across from Eli Lilly and in close proximity to downtown attractions like Lucas Oil Stadium and Gainbridge Fieldhouse, this location is ideal for anyone looking to capitalize on Indy's bustling urban scene. Currently zoned C5, the property holds significant commercial appeal with great street frontage, making it a prime candidate for retail or commercial use. However, the ease of rezoning to D8 provides the flexibility to transform this space into residential development, whether it be a cluster of single-family homes or stylish townhomes. The property's location on a bus route enhances accessibility, appealing to both residents and businesses. Embrace the vibrant energy of Indianapolis with this property's unmatched potential for growth and redevelopment. Whether your ambitions are commercial or residential, this is poised to accommodate your vision.

Description provided by the listing brokerage.

Exterior

Other structures
No Building

Systems

Water
Public
Sewer
Public Sewer

Lot and HOA

Lot features
CurbsNot In SubdivisionSidewalksStorm SewerStreet LightsZonedSee Remarks
Zoning
C5

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$4,240 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,510per month, estimated
Principal and interest $2,016Property tax $353Insurance $140
20% · $80,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$400,000
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