4825 Melrose Avenue, Indianapolis, IN 46241
- $97,997
- List Price
- $97,997
- MLS#
- 22040254
- Status
- ACTIVE
- Days on Market
- 431
- Property Type
- Land
Property Description
CALLING ALL INVESTORS! Here is a Great Opportunity for a double lot in Drexel Gardens! This double lot provides ample opportunity for someone looking to build not just one but two possible homes. This lot can be kept as one large corner lot OR split into two if someone so desires! The split would provide two .11/acre lots that are easily buildable and a chance to maximize your return on investment! The corner lot with the garage had a house on it at one time and is connected to city utilities so it's ready to go and has a brand new garage door on it as well. Purchase will come with TWO sets of build plans for you to use if you wish. Why pay for new plans when these are at your disposal!? Located near all the major highways (I65, I69, I70, I74 & I465) this location is PRIME!! It's only 10-15 Minutes from: The Indianapolis International Airport, The Indianapolis Motor Speedway, Lucas Oil Stadium, Gainbridge Fieldhouse, Downtown Indy's Circle Center, Eagle Creek Reservoir and more! Once the house(s) are built, there could be year round short term rental revenue for events such as The Indianapolis 500, Brickyard 400, All Colts Games, All Pacer games, GenCon, Boat Sport & Travel shows, etc...Indy has conventions all year long and is known to be a great Host City. Why not build close to all the action?! Set up your showing today and let's make a deal happen!
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Additional Information
- Present Zoning
- Single Family
- Number of Lots
- 2
- Land Characteristics
- Corner
- Topography
- Cleared, Level
- Soil Type
- Other
- Development Status
- Finished Lot(s)
- Facilities on Site
- Electric, Gas, Water & Sewer
- Facilities near Site
- Not Applicable
- Water
- Municipal Water on Site
- Sewer
- Public Sewer
- Road Access
- Street Cuts
- Road Frontage
- City Street
- Road Surface
- Asphalt
- Acres
- 0.22
- Water
- Municipal Water on Site
- Region
- Wayne
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Listing courtesy of F.C. Tucker Company.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative