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443-445 E Michigan Street

Fortville, IN 46040

PendingListed Apr 1, 2026 · 149 days on market

Key facts

Lot
0.2 acres
Type
Land · Residential Lots
MLS #
22089043
County
Hancock
Subdivision
Central

About this home

An exceptional development opportunity awaits in the heart of Fortville. Located at 443-445 E. Michigan Street, this prime corner lot at Michigan Street and Indiana State Road 13 offers outstanding visibility, accessibility, and investment potential in one of the area's most desirable and rapidly growing downtown districts. The property has already received municipal approvals for a 4-unit residential dwelling, presenting a rare chance for developers or investors to move forward with a project in a highly sought-after location where opportunities are increasingly limited. Positioned just moments from Fortville's vibrant downtown shops, restaurants, and community amenities, the lot benefits from strong traffic exposure and excellent walkability. Municipal water and municipal sewer are already available on site, simplifying the development process and adding significant value to the property. Architectural approval has been granted for the proposed project, and the groundwork for development has largely been completed. Included with the sale are the building plans and site plan that were used to obtain the approvals to replat the lot, providing valuable guidance for the next phase of development. Also attached in the supplements are the architectural elevations and floor plans of the proposed duplex apartment buildings that were presented to the Fortville Board of Zoning Appeals and the Fortville Planning Committee during the approval process. This is a rare opportunity to acquire a highly visible development parcel in a thriving downtown location with approvals already in place. With strong demand for housing and continued growth throughout Fortville, this property offers tremendous upside and the potential to create something truly special in a premier location. Opportunities like this rarely come to market and will not last long.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Public Sewer

Lot and HOA

Zoning
Single Family Residential

Schools

Elementary school
Fortville Elementary School
Middle school
Mt Vernon Middle School
High school
Mt Vernon High School
School district
Mt Vernon Community School Corp

Taxes

Estimated annual tax
$470 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,058per month, estimated
Principal and interest $953Property tax $39Insurance $66
20% · $37,800
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$189,000
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