Hard Corner Commercial
For Sale
$379,900
1032 and 1040 S East Street, Indianapolis, IN 46225
LAND - Indianapolis, IN
Lot Size0.34 Acres
Days on Market81
Property Features for 1032 and 1040 S East Street
General Information
Property type
Land
Property subtype
Other
Zoning
D-8
Subdivision
Hilgemeier & Muegges Sub
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491112122002000101
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Hilgemeyer & Muegges Sub L1 & L2 Ol108
Legal Description
Hilgemeyer & Muegges Sub L1 & L2 Ol108
Utilities
Sewer type
Public Sewer
Listing Agency:
RE/MAX Advanced Realty · RE/MAX International
(317) 881-3700
Listed By:
Keith Turnbill · License #RB14035185
(317) 298-0961
Added: May 11
Changed: Jun 16
Last Checked: Jul 30 at 6:06PM
MLS# 22101882
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering is a 0.34-acre commercial land parcel located at 1032 and 1040 S East Street, Indianapolis, IN 46225. The property sits on a hard corner with prominent visibility and is positioned as a development site. According to public remarks, the site was previously zoned C-5 and has recently been rezoned to D-8 to support multifamily development.
The location is described as adjacent to Interstate 70, offering convenient regional access and exposure. Public remarks also note proximity to downtown Indianapolis and Fountain Square, placing the site within an active development area.
With D-8 zoning in place, this parcel may be suitable for multifamily-oriented projects, as well as office, retail, apartment, or condominium use as referenced in the remarks. For developers, owner-occupants, and investors evaluating sites for infill-style growth, the corner configuration and highway-adjacent visibility can be meaningful attributes to consider when planning a compatible development concept for the Indianapolis market.
The location is described as adjacent to Interstate 70, offering convenient regional access and exposure. Public remarks also note proximity to downtown Indianapolis and Fountain Square, placing the site within an active development area.
With D-8 zoning in place, this parcel may be suitable for multifamily-oriented projects, as well as office, retail, apartment, or condominium use as referenced in the remarks. For developers, owner-occupants, and investors evaluating sites for infill-style growth, the corner configuration and highway-adjacent visibility can be meaningful attributes to consider when planning a compatible development concept for the Indianapolis market.
Key Highlights
- 0.34‑acre parcel on a highly visible hard corner adjacent to Interstate 70
- Sewer service available: public sewer
- Rezoned to D‑8 from previously zoned C‑5 to support multifamily development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 46225, IN
6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.34-acre corner parcel with strong visibility and D-8 zoning supporting multifamily development and mixed-use concepts.
Where is this commercial land located?
The property is located at 1032 and 1040 S East Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 0.34‑acre parcel on a highly visible hard corner adjacent to Interstate 70; Sewer service available: public sewer; Rezoned to D‑8 from previously zoned C‑5 to support multifamily development
