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Indianapolis, IN, 46201 • Near Eastside • Marion County
0.33 acLot
J E Downeys Arsenal Heights
Near Eastside
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89 days on market
Established listing
Lot
Rare opportunity to acquire a 0.33-acre parcel (multi-lot) zoned MU-1, allowing high-density residential development by right. The zoning also provides flexibility for alternative commercial uses, and the City has expressed openness to retail and creative commercial concepts, making this a highly adaptable infill site. The current ownership is open to collaborating with a commercial user, including pop-up retail, temporary activations, or a build-to-suit opportunity for the right concept. This creates a unique pathway for operators seeking a lower-barrier entry into a high-visibility location while longer-term development plans are finalized. Highlights include: MU-1 zoning permitting high-density residential, City support for alternative commercial and retail uses, Ideal for pop-up retail, food, experiential concepts, or build-to-suit, Flexible ownership willing to partner on creative solutions, Infill parcel suited for both near-term activation and long-term redevelopment This site is well-positioned for developers, operators, or investors seeking zoning flexibility, municipal support, and ownership willing to think creatively.
Standout features identified
Our analysis highlights infill parcel, high-visibility location, and infill site as key attractions of this home.
Based on current rates
Est. 6.26% rate · 30yr fixed · $252,000 loan
Full calculator →Key facts and listing details
1 category of property features
Market data and value estimates
3 schools rated nearby
Indianapolis, IN, 46201
1 event
Local context around this listing
Indianapolis, IN • Marion County
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Based on information submitted to the MLS GRID as of 2026-04-08 14:48:04 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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