Mixed-Use Land for Sale in Indianapolis, Indiana

2902 N Capitol Ave Indianapolis, IN 46208

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$499,900
0.41 acres
Active
agoEst $3,985/mo

Discover a prime development opportunity with this expansive 18,000 sq ft lot zoned D8, ready for multifamily residential projects. Approved plans are in place for a 9-unit luxury condo building, including eight 2-bedroom, 2-bath units and an exclusive penthouse featuring 3 bedrooms and 3 baths. This investment-ready property is perfect for developers looking to capitalize on a highly sought-after location. While the price does not include construction costs, detailed estimates are available for serious buyers. The lot's zoning offers flexibility for residential developments, making it a standout choice for builders seeking a lucrative project. Situated in a convenient and central location, this property ensures easy access to local amenities, public transit, and thriving urban areas. Don't miss this chance to bring a remarkable project to life!

Directions

Capitol to address

Location

Street Address
2902 N Capitol Ave
Community
Burton & Campbells Park Place Add
School District
Indianapolis Public Schools
Elevation
725 feet
Coordinates
39.8086, -86.1618

Property details

Zoning
D8
MLS Number
MIBOR 21979922
Date Posted

Parcels

  • 490626190076000101

Legal description

This 0.41-acre property is located at 2902 N Capitol Ave in Indianapolis, IN 46208 with latitude 39.8086 and longitude -86.1618. The property is currently available for sale for $499,900 with a price per acre of $1,219,268. Listing data is sourced from MIBOR Service Corporation # 21979922.

Verify sale details at the property source or contact No Limit Real Estate at (317) 440-2149.

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Copyright (C) 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 1 hour ago. Parcel data by Regrid.

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