Land for Sale in Downtown Indianapolis, IN

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ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Unlock the endless possibilities with this awesome property! Spanning 1/4 acre with appx 88 feet of main-road frontage, this listing offers unparalleled potential. Situated directly across from Eli Lilly and in close proximity to downtown attractions like Lucas Oil Stadium and Gainbridge Fieldhouse, this location is ideal for anyone looking to capitalize on Indy's bustling urban scene. Currently zoned C5, the property holds significant commercial appeal with great street frontage, making it a prime candidate for retail or commercial use. However, the ease of rezoning to D8 provides the flexibility to transform this space into residential development, whether it be a cluster of single-family

$400,000

— beds— baths— sq ft

931 S East St, Indianapolis, IN 46225

1/4 acre • Zoned c5 • Bus route

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Commercial Parking Lot with the Lucas Oil Stadium, home of our Indianapolis Colts, in its backdrop. Asphalt surface.

$750,000

— beds— baths— sq ft

226 W Wyoming St, Indianapolis, IN 46225

2,875 sq ft lot • Listed 183 days

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Currently pay parking lot.

$3,000,000

0 beds— baths— sq ft

408 N Delaware St, Indianapolis, IN 46204

0.45 acre lot • Listed 1412 days

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Rare lot in sought after Fletcher Place. Walking distance to Lilly, Fountain Square, and Cultural Trail. Numerous award winning restaurants with plenty of neighborhood amenities. Perfect for your residence or corporate executive client. Here's your opportunity to erect your creative masterpiece and give it the exposure it, and your discerning clients deserve. Put it on display in front of thousands of vehicles per day. Unique lot awaits the unique residence it deserves. Buildable lot with MDC approved setbacks.

$49,900

— beds— baths— sq ft

909 Wright St, Indianapolis, IN 46203

Unique lot • 1,431 sq ft lot • Listed 349 days

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
vacant residential lot. 37 x 80. raised lot with retaining walls. In an area with expensive homes. near Fountain Square, downtown Indy, Bates Hendricks. great views of downtown Indy, near Colt's Stadium and Pacer's arena. walking distance from nightlife, restaurants, bike and cultural trails.

$425,000

0 beds— baths— sq ft

525 S East St, Indianapolis, IN 46225

10.19 acre lot • Listed 1434 days

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ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
One of three connected properties sold as Commercial Package. Rare find in popular Fountain Square amidst growing retail and new apartment building development. Commercial package sale includes three connected properties: 1) Warehouse/retail/flex space, 2) vacant lot, 3) rental house. The well maintained 11,060sf retail/warehouse/flex space with 27 paved car parking spaces (zoned CS) has had a variety of upgrades. It is currently being used as a brewery and pub. Other features include: Heavy power (400 amp, 3 phase), large water lines, wide column spacing, high ceilings, gas heat, heavy concrete floors, private offices in warehouse/brewery section, eight 12' overhead doors face alley at r

$1,790,000

— beds— baths— sq ft

1310 Shelby St, Indianapolis, IN 46203

3,812 sq ft lot • Very walkable

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
High profile lot in a high visibility area for your next new-build. Great proximity to I65, I70 and other arteries that can put you into the center of the thriving city hub. Lot allows for spectacular two-story views, abundant employment options and delightful dining opportunities. Area is a cultural hub for annual community celebrations. Take the first step for a spectacular new build project that will put your development company on the map. Portion of two city lots partitioned from three combined lots. This listing is for a lot only.

$74,900

— beds— baths— sq ft

610 Prospect St, Indianapolis, IN 46203

2,800 sq ft lot • Very walkable

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Build your dream home or income-producing property on this prime vacant lot offering over 5,000 sq. ft. of opportunity. Whether you envision a beautiful single-family home, a duplex, or a carriage house garage, this property provides flexibility to bring your vision to life. Located just minutes from Downtown Indianapolis, you'll enjoy quick access to restaurants, shops, and entertainment. The Monon Trail is steps from your backyard, making it easy to bike, walk your dog, jog, or enjoy a relaxing evening stroll. This is your chance to own land in a desirable and growing area with strong residential and investment potential. Don't miss this rare opportunity to build in a prime location with

$150,000

— beds— baths— sq ft

1909 Cornell Ave, Indianapolis, IN 46202

5,009 sq ft lot • Somewhat walkable

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Step into one of Indianapolis's most promising transformation zones. This blank-canvas parcel at 557 Lynn Street (ZIP 46222) sits quietly today - but its potential resonates. Just minutes from downtown, enveloped in neighborhoods primed for reinvestment, and within the reach of city programs like Vacant to Vibrant, this lot offers developers the rare chance to insert value from day one.

$29,999

— beds— baths— sq ft

557 Lynn St, Indianapolis, IN 46222

4,182 sq ft lot • Somewhat walkable

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Residential vacant lot for sale-Prime Location! Fantastic investment opportunity near IUPUI Campus, Downtown Indianapolis, and the White River. Conveniently located with easy access to major amenities, this lot is ideal for building your dream home or developing an income property. Lot dimensions: 114x153. Total area: 0.40 acres/17,442 sqft. Don't miss out on this great opportunity in a growing area!

$29,900

— beds— baths— sq ft

958 N Sheffield Ave, Indianapolis, IN 46222

5,663 sq ft lot • Car-dependent

ABOUT THIS HOME
Land for sale in Downtown Indianapolis, IN:
Residential vacant lot for sale-Prime Location! Fantastic investment opportunity near IUPUI Campus, Downtown Indianapolis, and the White River. Conveniently located with easy access to major amenities, this lot is ideal for building your dream home or developing an income property. Lot dimensions: 114x153. Total area: 0.40 acres/17,442 sqft. Don't miss out on this great opportunity in a growing area!

$89,900

— beds— baths— sq ft

974 N Sheffield Ave, Indianapolis, IN 46222

0.4 acre lot • Car-dependent

Property at 1033 Hosbrook St, Indianapolis, IN 46203

$350,000

— beds— baths— sq ft

1033 Hosbrook St, Indianapolis, IN 46203

Property at 965 Elm St, Indianapolis, IN 46203

$170,000

— beds— baths— sq ft

965 Elm St, Indianapolis, IN 46203

Property at 1219 E Market St, Indianapolis, IN 46202

$149,995

— beds— baths— sq ft

1219 E Market St, Indianapolis, IN 46202

Property at 1134 E 19th St, Indianapolis, IN 46202

$110,000

— beds— baths— sq ft

1134 E 19th St, Indianapolis, IN 46202

Property at 1130 E 19th St, Indianapolis, IN 46202

$110,000

— beds— baths— sq ft

1130 E 19th St, Indianapolis, IN 46202

Property at 526 N Sheffield Ave, Indianapolis, IN 46222

$40,000

— beds— baths— sq ft

526 N Sheffield Ave, Indianapolis, IN 46222

Property at 929 E 17th St, Indianapolis, IN 46202

$65,000

— beds— baths— sq ft

929 E 17th St, Indianapolis, IN 46202

Property at 312 W Morris St, Indianapolis, IN 46225

$440,000

— beds— baths— sq ft

312 W Morris St, Indianapolis, IN 46225

Property at 426 E 16th St, Indianapolis, IN 46202

$475,000

— beds— baths— sq ft

426 E 16th St, Indianapolis, IN 46202

Property at 1305 Hartford St, Indianapolis, IN 46203

$275,000

— beds— baths— sq ft

1305 Hartford St, Indianapolis, IN 46203

Property at 1617 Dr Andrew J Brown Ave, Indianapolis, IN 46202

$71,000

— beds— baths— sq ft

1617 Dr Andrew J Brown Ave, Indianapolis, IN 46202

Property at 1561 Yandes St, Indianapolis, IN 46202

$125,000

— beds— baths— sq ft

1561 Yandes St, Indianapolis, IN 46202

Property at 901 N Pershing Ave, Indianapolis, IN 46222

$35,000

— beds— baths— sq ft

901 N Pershing Ave, Indianapolis, IN 46222

$35,000

— beds— baths— sq ft

1921 W New York St, Indianapolis, IN 46222

Based on information submitted to the MLS GRID as of Fri Oct 24 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Land for Sale in Downtown Indianapolis

There are currently 5 land homes for sale in Downtown Indianapolis at a median listing price of $425K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Popular neighborhoods include Lanikai Beach, West Indianapolis, Fountain Square, Bates-Hendricks, and North Side Indianapolis. This map is refreshed with the newest listings in Downtown Indianapolis every 15 minutes.

In the past month, 15 homes have been sold in Downtown Indianapolis. In addition to houses in Downtown Indianapolis, there were also 73 condos, 6 townhouses, and 2 multi-family units for sale in Downtown Indianapolis last month. Downtown Indianapolis is a fairly walkable neighborhood in Indianapolis with a Walk Score of 77. Downtown Indianapolis is home to approximately 14,587 people and 122,518 jobs. Find your dream home in Downtown Indianapolis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Downtown Indianapolis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Downtown Indianapolis. If you're looking to sell your home in the Downtown Indianapolis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Downtown Indianapolis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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