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    1649 S Sherman Dr Indianapolis, IN 46203

    For Sale
    Contact for pricing

    Residential Lots - Indianapolis, IN

    Lot size:
    0.25 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for 1649 S Sherman Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    491016132001000101
    Lot size
    0.25 Acres

    Building Details

    Architectural style
    Other

    Hoosier REALTORS LLC (317) 407-6608 [email protected]

    Listing agent Kimberly Lyon (317) 862-5200 License #RB15000743

    Listing date Oct 13, 2025

    MLS# 22024509 Listing URL

    Copyright © 2025 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.

    Overview

    Residential Corner Lot in Indianapolis

    This residential corner lot offers 0.25 acres of space, presenting an opportunity to build a custom home. Located minutes from downtown Indianapolis, the property is equipped with municipal water and sewer hookups, facilitating ease of development. As one of three connecting lots, it provides a chance to invest in a growing area. The property is zoned for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.10154
    Latitude
    39.745518

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    FAQs

    What type of property is this?
    Residential land & home lot - Prime corner lot near downtown Indianapolis, ideal for building a home.
    Where is this residential land & home lot located?
    The property is located at 1649 S Sherman Dr Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Prime .25-acre corner lot ideal for building a custom home.; - Conveniently located minutes from downtown.; - Municipal water and sewer hookups available for easy development.
    (317) 862-5200
    Request Owner's contact information
    1649 S Sherman Dr Indianapolis, IN 46203
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    Indianapolis, IN 46203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1649 S Sherman Dr Indianapolis, IN 46203
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