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426 E 16th Street

Indianapolis, IN 46202

ActiveListed Jul 9, 2025 · 367 days on market

Key facts

Lot
0.4 acres
Type
Land · Unimproved Land
MLS #
22049621
County
Marion
Subdivision
Allen & Roots North

About this home

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!

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Lot and HOA

Zoning
C3

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,566 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,260per month, estimated
Principal and interest $1,991Property tax $131Insurance $138
20% · $79,000
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.

Talk to a lender we trust
Listing Office:
@properties
Listing Office Phone:
317-489-3441
Listed by
Firm
@properties
Firm phone
317-489-3441
MLS #
22049621
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Listed at$395,000
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