The lot is currently split zoned the front half of the property along Michigan Road is currently zoned C-3 the rear half is currently zoned D5. The current city plan for this property recommends village mixed use zoning and MU2 zoning if the property is rezoned it is likely MU2 zoning would be approved this use allows for residential above commercial similar to the development the 25th in Delaware Goose Market live and work lofts. This property could also be zoned for doubles or quad units. Owner cleared lot. Ready for development. I have enclosed additional site plans for different uses pull up under the documents.
Vacant landProperty Type
0.53 acresLot Size
$639,623Price/Acres
Listed by Michael Wyatt• Advisors Commercial Real Estate
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Lot width
88 ft.
Lot depth
132 ft.
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Style
Vacant Land
County
Marion County
APN
490329114017000600
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Last updated by owner on Sep 9, 2026.
D5
METRO
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Metro Context Area
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
Historical weather
Indianapolis, IN • 46268
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 7502 N Michigan Rd N
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $299,900 and $359,900.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $300K to $360K.