This Land Property is no longer advertised on LoopNet.com.

3310-3314 N Illinois St
Indianapolis, IN 46208
Land For Sale · 0.24 AC

Investment Highlights

  • Location - Close to Children's Museum and numerous hospitals
  • Ability to purchase 2 adjoining lots which increases potential uses.

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Multifamily
  • Apartment Units - Condo
  • Community Center
  • Daycare Center
  • Storefront, Retail or Residential
  • Single Family Residence
Total Lot Size 0.24 AC

Description

Rare development opportunity in the city by Children's Museum! Located at 3310 N Illinois St in Indianapolis, these TWO 40x132 ft lots are zoned HD (Hospital District), offering incredible flexibility for builders, developers, or investors. Whether you're envisioning a couple custom single-family homes, a couple modern duplexes, or a pair of multi-unit fourplexes, this property is ready for your vision. This is a golden opportunity in a revitalizing urban corridor, just minutes from downtown Indy, Ivy Tech, MLK Park, and public transportation. The area is seeing new construction, thoughtful renovations, and major investment - making it an ideal location to plant roots or grow your portfolio. The lots sit within a vibrant community blending historic charm with new development, perfect for attracting tenants or homeowners looking for character and convenience. Municipal utilities are nearby, and with no existing structures, it's a clean slate for your project. Whether you're a seasoned developer or someone looking to make a smart entry into the real estate market, this lot - especially paired with the neighboring parcel - opens the door to creative design, income potential, and long-term growth. Opportunities like this don't come often - build big in a neighborhood on the rise!

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 49-06-23-109-066.000-101
  • 49-06-23-109-069.000-101
Land Assessment
$32,000
Improvements Assessment
$0
Total Assessment
$32,000
  • Listing ID: 35468379

  • Date on Market: 4/12/2025

  • Last Updated:

  • Address: 3310-3314 N Illinois St, Indianapolis, IN 46208

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