Land for Sale in 46202, IN

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ABOUT THIS HOME
Land for sale in 46202, IN:
This prime vacant parcel in Indianapolis presents an exceptional development opportunity, already approved for 16 residential units. Situated on a hard corner with excellent road frontage, the site offers strong visibility and access, ideal for a multi-unit residential project. An added advantage is the potential to acquire neighboring parcels, which could significantly expand the overall footprint and allow for additional units beyond the current approval. This flexibility creates a compelling upside for developers looking to scale or enhance density in a growing market. With approvals in place and expansion potential on the table, this property is well positioned for an efficient path fro

$425,000

— beds— baths— sq ft

1549 N Arsenal Ave, Indianapolis, IN 46201

Vacant parcel • Strong visibility • 0.46 acre lot

ABOUT THIS HOME
Land for sale in 46202, IN:
THIS IS AN OPPORTUNITY YOU'LL WANT TO GRAB! Since 2020, In Herron Morton, THE AVERAGE NEW CONTSTRUCTION HOME HAS SOLD FOR OVER $849,000, PLUS WITH AN AVERAGE CLOSED NEW SALES PRICE IN THE LAST YEAR ALONE OVER $957,000, It's Clear THIS NEIGHBORHOOD IS HOT, VIBRANT, DESIRABLE, & GROWING. Whether You're An INVESTOR SEEKING A HIGH-RETURN BUILD, PLANNING YOUR PERSONAL DREAM HOME, OR JUST WANT TO SECURE A LOT NOW FOR FUTURE PLANS, THIS . 16-ACRE LOT (40' X 176') WITH MATURE TREES IS A RARE OPPORTUNITY That Deserves Serious Consideration. Some Perks Of This Homesite-- NO HOA FEES, SELECT YOUR WHATEVER BUILDER YOU WANT, CONVIENENT WEST/EAST FACING ELEVATED LOT THAT SUPPORTS OPTIMAL INTERIOR NA

$222,500

— beds— baths— sq ft

2056 Central Ave, Indianapolis, IN 46202

No hoa fees • 7,144 sq ft lot • Listed 16 days

ABOUT THIS HOME
Land for sale in 46202, IN:
Commercial lot close to downtown, shopping, entertainment, restaurants and more!

$170,000

— beds— baths— sq ft

1607 Milburn St, Indianapolis, IN 46202

Entertainment • Shopping • Restaurants

ABOUT THIS HOME
Land for sale in 46202, IN:
Prime development opportunity in the heart of Downtown Indianapolis! 985 N Delaware St offers a rare chance to acquire a vacant CBD-2 zoned lot in the sought-after St. Joseph neighborhood-just steps from Mass Ave, the Cultural Trail, restaurants, parks, and downtown employment centers. CBD-2 zoning allows for high-density residential, mixed-use, retail, office, hotel, or multi-story development (buyer to verify). With alley access and excellent walkability, this site is ideal for boutique multifamily, townhomes, professional offices, or a mixed-use project. A perfect opportunity for builders, developers, or investors looking to capitalize on a rapidly growing urban corridor.

$750,000

— beds— baths— sq ft

985 N Delaware St, Indianapolis, IN 46202

Alley access • Vacant lot • Cbd-2 zoned

ABOUT THIS HOME
Land for sale in 46202, IN:
Vacant land in a vibrant area near Bottleworks and The Monon, close to downtown. Walk to parks, restaurants, coffee shops, and more! Surrounded by new construction in an area experiencing rapid growth, this vacant land consists of a 5-parcel package, totaling half an acre. Opportunities are endless- picture multifamily developments or even single-family residences- all in an area desirable to many. Large development planned across the street on Yandes- amazing opportunity that will elevate appearance and enhance value. All five parcels include 2065 Yandes (40'x140'), 2069 Yandes (~28'x140), 2071 Yandes (~'28x140), 2070 Columbia (~28'x140'), & 2072 Columbia (~28'x140'). Also see listing

$405,000

— beds— baths— sq ft

2069 + Yandes, Indianapolis, IN 46202

Just over .6 acres • 6 parcel package • Vacant land

Property at 2065 Yandes St, Indianapolis, IN 46202

$78,000

— beds— baths— sq ft

2065 Yandes St, Indianapolis, IN 46202

Property at 2181 N Capitol Ave, Indianapolis, IN 46202

$250,000

— beds— baths— sq ft

2181 N Capitol Ave, Indianapolis, IN 46202

Property at 1909 Cornell Ave, Indianapolis, IN 46202

$150,000

— beds— baths— sq ft

1909 Cornell Ave, Indianapolis, IN 46202

Property at 2071 Yandes St, Indianapolis, IN 46202

$80,000

— beds— baths— sq ft

2071 Yandes St, Indianapolis, IN 46202

Property at 2070 Columbia Ave, Indianapolis, IN 46202

$80,000

— beds— baths— sq ft

2070 Columbia Ave, Indianapolis, IN 46202

Property at 2072 Columbia Ave, Indianapolis, IN 46202

$80,000

— beds— baths— sq ft

2072 Columbia Ave, Indianapolis, IN 46202

Property at 1219 E Market St, Indianapolis, IN 46202

$149,995

— beds— baths— sq ft

1219 E Market St, Indianapolis, IN 46202

Property at 1150 E New York St, Indianapolis, IN 46202

$380,000

— beds— baths— sq ft

1150 E New York St, Indianapolis, IN 46202

Property at 531 E 20th St, Indianapolis, IN 46202

$72,900

— beds— baths— sq ft

531 E 20th St, Indianapolis, IN 46202

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

$475,000

— beds— baths— sq ft

426 E 16th St, Indianapolis, IN 46202

Property at 2150 Gent Ave, Indianapolis, IN 46202

$299,900

— beds— baths— sq ft

2150 Gent Ave, Indianapolis, IN 46202

Property at 2198 N Dexter St, Indianapolis, IN 46202

$39,000

— beds— baths— sq ft

2198 N Dexter St, Indianapolis, IN 46202

Property at 2165 Sugar Grove Ave, Indianapolis, IN 46202

$29,000

— beds— baths— sq ft

2165 Sugar Grove Ave, Indianapolis, IN 46202

$145,900

0 beds— baths— sq ft

1601 Bellefontaine St, Indianapolis, IN 46202

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ABOUT THIS HOME
Land for sale in 46202, IN:
Unlock the potential of this prime 40x136 (5,440 sq ft) lot, a blank slate for your dream project-whether it's sleek new townhomes or a custom single-family home. Surrounded by a dynamic scene of chic restaurants, quirky boutiques, and vibrant nightlife, this prime location invites your bold ideas to take shape.

$79,900

— beds— baths— sq ft

1917 Hoyt Ave, Indianapolis, IN 46203

5,400 sq ft lot • Listed 5 days

ABOUT THIS HOME
Land for sale in 46202, IN:
Great opportunity to build in a convenient Indianapolis location. This land offers a vacant lot on a quiet residential street with easy access to downtown, interstates, parks, and local amenities. A flexible space for a new home or future investment. Come bring your plans and make it your own.

$29,000

— beds— baths— sq ft

918 Miley Ave, Indianapolis, IN 46222

Flexible space • Future investment • 3,441 sq ft lot

ABOUT THIS HOME
Land for sale in 46202, IN:
Oversized double lot in Indianapolis! Offering ample room for new construction, this combined parcel at sits in a location surrounded by ongoing development and long-term investment. Build your dream home, modern infill, or investment property just minutes from campus, major medical centers, and downtown nightlife. A rare chance to secure a large buildable lot in one of Indy's fast-improving neighborhoods.

$49,000

— beds— baths— sq ft

745 N Elder Ave, Indianapolis, IN 46222

Combined parcel • Buildable lot • Double lot

ABOUT THIS HOME
Land for sale in 46202, IN:
FOR LEASE!!! Prime commercial opportunity on the Massachusetts Avenue corridor, less than two miles from downtown Indianapolis! This . 24-acre lot offers exceptional visibility and accessibility in a high-traffic area surrounded by ongoing redevelopment and mixed-use growth. The site is zoned C3 commercial, allowing for a wide range of potential uses such as restaurant, lounge, retail, automotive, or service-based business. The land is clear, level, and ready for your vision, with utilities available at the street. Seller is open to creative lease terms, making this an excellent opportunity for a business looking to establish a presence in one of Indy's most promising growth areas.

$2,500

— beds— baths— sq ft

2009 Massachusetts Ave, Indianapolis, IN 46218

High-traffic area • Utilities available • Clear level land

ABOUT THIS HOME
Land for sale in 46202, IN:
Imagine the possibilities for your dream home on this double lot! Close to downtown, restaurants, entertainment, shopping, parks and more!

$120,000

— beds— baths— sq ft

443 N Beville Ave, Indianapolis, IN 46201

Entertainment • Double lot • Shopping

ABOUT THIS HOME
Land for sale in 46202, IN:
Imagine the possibilities for your dream home on this lot! Close to downtown, restaurants, entertainment, shopping, parks, and more!

$60,000

— beds— baths— sq ft

421 N Beville Ave, Indianapolis, IN 46201

4,792 sq ft lot • Listed 19 days

Property at 1101 N Sheffield Ave, Indianapolis, IN 46222

$32,500

— beds— baths— sq ft

1101 N Sheffield Ave, Indianapolis, IN 46222

Property at 572 Lynn St, Indianapolis, IN 46222

$29,000

— beds— baths— sq ft

572 Lynn St, Indianapolis, IN 46222

Property at 576 Lynn St, Indianapolis, IN 46222

$29,000

— beds— baths— sq ft

576 Lynn St, Indianapolis, IN 46222

Property at 944 Lynn St, Indianapolis, IN 46222

$29,000

— beds— baths— sq ft

944 Lynn St, Indianapolis, IN 46222

Property at 915 N Traub Ave, Indianapolis, IN 46222

$29,000

— beds— baths— sq ft

915 N Traub Ave, Indianapolis, IN 46222

Property at 1040 N Elder Ave, Indianapolis, IN 46222

$29,000

— beds— baths— sq ft

1040 N Elder Ave, Indianapolis, IN 46222

Property at 1044 N Elder Ave, Indianapolis, IN 46222

$29,000

— beds— baths— sq ft

1044 N Elder Ave, Indianapolis, IN 46222

Property at 828 Shelby St, Indianapolis, IN 46203

$265,000

— beds— baths— sq ft

828 Shelby St, Indianapolis, IN 46203

Property at 647 Jefferson Ave, Indianapolis, IN 46201

$69,000

— beds— baths— sq ft

647 Jefferson Ave, Indianapolis, IN 46201

Property at 2045 E Michigan St, Indianapolis, IN 46201

$97,500

— beds— baths— sq ft

2045 E Michigan St, Indianapolis, IN 46201

Property at 532 Sutherland Ave, Indianapolis, IN 46205

$200,000

— beds— baths— sq ft

532 Sutherland Ave, Indianapolis, IN 46205

Property at 912 Saint Peter St, Indianapolis, IN 46203

$65,000

— beds— baths— sq ft

912 Saint Peter St, Indianapolis, IN 46203

Property at 914 Saint Peter St, Indianapolis, IN 46203

$65,000

— beds— baths— sq ft

914 Saint Peter St, Indianapolis, IN 46203

Property at 2002 E Washington St, Indianapolis, IN 46201

$95,000

— beds— baths— sq ft

2002 E Washington St, Indianapolis, IN 46201

Based on information submitted to the MLS GRID as of Sun Dec 21 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 46202

There are currently 19 land homes for sale in 46202 at a median listing price of $449K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in 46202 every 15 minutes.

In the past month, 13 homes have been sold in 46202. In addition to houses in 46202, there were also 36 condos, 11 townhouses, and 15 multi-family units for sale in 46202 last month. 46202 is a moderately walkable zip code in Marion County with a Walk Score of 68. 46202 is home to approximately 16,156 people and 69,571 jobs. Find your dream home in 46202 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 46202 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 46202. If you're looking to sell your home in the 46202 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 46202 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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