This 1 acre lots sits in a prime location in Perry township, on the Madison Ave/Banta Rd intersection. This is currently zoned D-3. A wonderful parcel of land ready for you to build your new home on with easy access to all the local amenities. Come and take a look today!
Come see the potential of this amazing 1 acre lot. Currently zoned D-3. You wont find a better location to build your new home just down the street from Southport High School. Lot has 192 ft frontage on Banta road and 274 feet road frontage on Madison ave.
MIBOR as Distributed by MLS Grid #21572495
Jun 14, 2019
Sold
$40,000
Jun 10, 2019
Pending
—
May 31, 2019
Price Changed
$44,000
Jan 13, 2019
Price Changed
$45,000
Jun 7, 2018
Listed
$80,000
Suburban lot with 192 ft facing Banta Rd, but with 274 ft facing Madison Ave. Stoplight on the corner of Madison and Banta, giving this acre a potential for light commercial development. Present zoning D3. Homecroft neighborhood adjacent. Down the street from Southport High School. Imagine your new home in this Historic neighborhood.
Year
Property tax
Land + Additions
Assessment*
2025
$101 (−1.1%)
$4,000
2024
$102 (−8.9%)
$4,000
2023
$112 (−0.3%)
$4,000
2022
$112 (−8.2%)
$4,000
2021
$122 (−0.6%)
$4,000
2020
$123 (−79.1%)
$4,000
2019
$588 (−1.3%)
$4,000
2018
$596 (−0.2%)
$19,100
2017
$597 (−1.5%)
$19,100
2016
$606 (+3.2%)
$19,100
2015
$587 (+4.6%)
$19,100
2014
$561 (−7.3%)
$19,100
2013
$605
$19,100
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
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Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
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Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Marion County
APN
491507125001000500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on May 11, 2026.
D3
METRO
TOD
Dwelling District Three
The D-3 District provides for low or medium intensity residential development. Land in this District should have good thoroughfare access, be relatively flat in topography, and be afforded pedestrian linkages to community and neighborhood services and facilities (schools, parks, shopping areas, etc.). Recreational facilities developed for the neighborhood complement the treed yards on the individual lots. Predominantly single-family detached dwellings are envisioned with two-family dwellings on corner lots in this District. The D-3 District has a typical density of 2.6 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site considerations, including vegetation, topography, drainage and wildlife.
Zone overlays
Metro Context Area
Transit Oriented Development Secondary Zoning District
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46227
Average low and high temperatures (°F)
32
17
42
25
61
39
68
47
72
53
83
65
88
70
83
64
81
58
70
48
54
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 30% for direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1600 E Banta Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $135,000 and $229,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $135K to $229K.