2902 N Capitol Avenue, Indianapolis, IN 46208
- $469,900
- List Price
- $469,900
- Price Change
- ▼ $30,000 1789063345
- MLS#
- 21979922
- Status
- ACTIVE
- Days on Market
- 848
- Property Type
- Land
Property Description
NEW PRICE - D8 MULTIFAMILY DEVELOPMENT OPPORTUNITY WITH ARCHITECTURAL PLANS INCLUDED! Offered at $469,900, this approximately 18,000-square-foot (.41-acre) cleared site on N Capitol Avenue provides an excellent opportunity for residential infill development just north of Downtown Indianapolis. The property was previously designed and permitted for a 9-unit luxury residential project featuring eight 2-bedroom/2-bath residences plus a 3-bedroom/3-bath penthouse. Seller owns the architectural plans, which are included with the sale. Previous permits have expired and buyer will be responsible for obtaining current approvals and permits; however, the completed plans provide a valuable head start for a developer evaluating the site. Convenient to Downtown, Fall Creek, Ivy Tech, Tarkington Park, Butler-Tarkington and major transportation corridors. Bring your builder and capitalize on the substantial planning already completed for this D8 multifamily site. Buyer to independently verify zoning, permitted density and uses, utilities, plans and all current development and permitting requirements.
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Additional Information
- Present Zoning
- Condo, Multi-Fam
- Land Characteristics
- City
- Topography
- Cleared
- Soil Type
- Gravely
- Development Status
- Not Applicable
- Facilities on Site
- Not Applicable
- Facilities near Site
- Cable, Electric, Gas
- Water
- Not Applic
- Sewer
- Not Applicable
- Road Access
- Not Applic
- Road Frontage
- NotApplic
- Road Surface
- NotApplic
- Acres
- 0.41
- Water
- Not Applic
- Region
- Center
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Listing courtesy of No Limit Real Estate, LLC.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative