Residential Land for Sale in Indianapolis, Indiana

324 S College Ave Indianapolis, IN 46202

Images
Map
Street
1 / 13
$525,000
0.18 acres
Active sale agoEst $4,185/mo

WOW! Don't miss this rare chance to craft two modern masterpieces in one of Indianapolis' most sought-after neighborhoods. Nestled in the highly desirable Fletcher Place Historic District in downtown Indy, this large .18ac parcel is surrounded by a vibrant community of new builds and beautifully restored homes, making it a hub of growth and revitalization. The lot is ready to be split into two separate parcels so construction can begin on each build. The sale price includes approved design plans and permits for two stunning two-story luxury residences each featuring 4 bedrooms, 4.5 bathrooms, and a fully finished basement, offering nearly 4,000 sq ft of elegant living space. With both the city and IHPC already granting approvals, the construction process is streamlined, allowing you to separate the parcels, break ground immediately, and bring these designs to life. Whether you're an investor seeking a high-return project or an owner-occupant ready to design your dream home, this turnkey opportunity delivers both convenience and sophistication. The thoughtfully crafted plans set the stage for two luxury residences that blend timeless style with modern functionality, featuring high-end finishes throughout. With the projected home values exceeding $1M each, this is your chance to build equity and live in style in one of the city's most flourishing areas. Located in downtown Indy, these lots provide easy access to jobs, shopping, dining, and entertainment - perfect for those who appreciate a vibrant, active lifestyle. Architectural plans, appraisal reports, and detailed spec sheets for both builds are available for review, offering full transparency for discerning buyers. For those looking to maximize their investment, two additional lots at 828 N Oriental are available as part of a package deal, ready to be combined and built on. Act fast to secure these premier lots and bring your dream project to life in one of Indianapolis' most desirable neighborhoods!

Location

Street Address
324 S College Ave
Community
Rays
School District
Indianapolis Public Schools
Elevation
732 feet
Coordinates
39.7617, -86.1463

Property details

Zoning
Residential D-8
MLS Number
MIBOR 22009400
Date Posted

Expenses

Home Owner Assessments Fee
$5 annually

Parcels

  • 491112201002000101

Legal description

This 0.18-acre property is located at 324 S College Ave in Indianapolis, IN 46202 with latitude 39.7617 and longitude -86.1463. The property is currently available for sale for $525,000 with a price per acre of $2,916,667. Listing data is sourced from MIBOR Service Corporation # 22009400.

Verify sale details at the property source or contact Keller Williams Indpls Metro N at (317) 846-6300.

Report listing issue

Copyright (C) 2024 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.

Contact listing agent Message rules
By submitting, you agree to the terms of use, privacy policy, and to receive communications.
Contact agent