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1032 and 1040 S East Street

Indianapolis, IN 46225

ActiveListed May 11, 2026 · 127 days on market

Key facts

Lot
0.34 acres
Type
Land · Unimproved Land
MLS #
22101882
County
Marion
Subdivision
Hilgemeier & Muegges Sub

About this home

Situated on a highly visible hard corner adjacent to Interstate 70, this 0.34-acre parcel offers exceptional access and exposure in the heart of a rapidly developing area. Previously zoned C-5 and recently rezoned to D-8 to support multifamily development, the property presents a versatile opportunity for office, retail, apartment, or condominium use. With excellent visibility, convenient access, and close proximity to downtown Indianapolis and Fountain Square, this site is well positioned for a wide range of commercial or residential development concepts.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Public Sewer

Lot and HOA

Zoning
D-8

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,246 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,127per month, estimated
Principal and interest $1,814Property tax $187Insurance $126
20% · $71,980
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$359,900
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