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350 Kansas St 3 Acres of Commercial Land Offered at $19,500,000 in Indianapolis, IN 46225
Investment Highlights
- Premier Downtown Location – Less than one mile from Lucas Oil Stadium and within two miles of Indianapolis’ major venues.
- Income-Producing Billboard – Existing lease provides passive income.
- Strong Accessibility – Direct access to I-70 and I-65 and walkable to major downtown districts.
- Significant Redevelopment Potential – Zoned for a wide range of high-impact commercial and mixed-use projects.
- Existing Improvements – 4,800 SF structure can be repurposed or removed.
Executive Summary
The property sits less than one mile from Lucas Oil Stadium and within close proximity to the Indiana Convention Center, Gainbridge Fieldhouse, and Victory Field, benefiting from strong tourism activity, foot traffic, and continued downtown expansion. The site is fully fenced and gated and includes an income-producing billboard, providing immediate cash flow while redevelopment plans are pursued.
With flexible zoning (I-3 Industrial Heavy & C-S Special Commercial), excellent access to I-70 and I-65, and walkability to Fountain Square and the Mile Square, this offering presents a compelling opportunity for investors and developers seeking a premier downtown Indianapolis location.
Property Facts
1 Lot Available
Lot
| Price | $19,500,000 | Lot Size | 3.00 AC |
| Price Per AC | $6,500,000.00 |
| Price | $19,500,000 |
| Price Per AC | $6,500,000.00 |
| Lot Size | 3.00 AC |
A rare opportunity to acquire a strategically located, dual-parcel redevelopment site in the heart of Downtown Indianapolis. Located at 371 Kansas St & 350 W Kansas St, this ±3.0-acre contiguous site includes a 4,800 SF maintenance barn.
Description
Prime Redevelopment Site — Downtown Indianapolis 371 Kansas St & 350 W Kansas St, Indianapolis, IN 46225 ±3 Acres | 4,800 SF Building | Executive Summary This is a rare opportunity to acquire a strategically located, dual-parcel site in the heart of downtown Indianapolis. Offering approximately 3 acres of contiguous land and a 4,800 SF maintenance barn, this property is ideally positioned for large-scale redevelopment into residential, hospitality, entertainment, or mixed-use projects. Just minutes from Lucas Oil Stadium, the Indiana Convention Center, and multiple entertainment districts, the site is poised to benefit from strong foot traffic, tourism activity, and the city’s continued downtown expansion. Property Overview Address 371 Kansas St & 350 Kansas St, Indianapolis, IN 46225 Lot Size ±3.0 Acres (Combined) Building Size 4,800 SF (Maintenance Barn, Built 1998) Zoning I-3 (Industrial Heavy) & C-S (Special Commercial) Site Security Fully fenced and gated Billboard Income-producing billboard with existing lease Location Overview Downtown Indianapolis has seen substantial redevelopment, transforming into a hub for sports, tourism, tech, dining, and residential growth. This site is ideally located to capitalize on that momentum, with proximity to: • 0.7 mi – Lucas Oil Stadium • 1.5 mi – Victory Field • 1.7 mi – Indiana Convention Center • 1.8 mi – Gainbridge Fieldhouse • Nearby: Mile Square, Fountain Square, Mass Ave Cultural District, IU Health & Eli Lilly Campus Development Potential • Urban residential apartments or condominiums • Boutique or branded hotel • Mixed-use with retail/restaurant ground floors • Tech campus or coworking hub • Parking structure with commercial frontage • Live/work lofts or entertainment complex
Property Taxes
| Parcel Numbers | Improvements Assessment | $184,000 | |
| Land Assessment | $202,100 | Total Assessment | $386,100 |
Property Taxes
Contact the Sale Advisor
350 Kansas St