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2902 N Capitol Ave Indianapolis, IN 46208

Sponsored
For Sale
$499,900

Unimproved Land - Indianapolis, IN

Type:Unimproved Land
Lot size:
0.41 Acres
Days on Market:
39
Last Refresh:
Jan 26 at 10:06 am

Property Features for 2902 N Capitol Ave

General Information

Property type
Land
Property subtype
Unimproved Land
Standard status
Active
Zoning
D8
APN
490626190076000101
Lot size
0.41 Acres

Building Details

Architectural style
Other

We can help!

Listing Contact
Charlene Gaard
Charlene Gaard

NO LIMIT Real Estate, LLC (317) 440-2149

Listing agent Charlene Gaard (317) 440-2149 License #RB14033327

Listing date Dec 19, 2025

MLS# 21979922 Listing URL

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.

Learn more

Property Insight Report

Overview

Multifamily Land Opportunity, Indianapolis

This 0.41-acre lot presents a shovel-ready multifamily opportunity on Indianapolis' North Side. Located at 3902 N Capitol Ave, the 18,000 sq ft lot is zoned D8 and fully approved for a 9-unit luxury condo project. The approved plans include eight 2-bed, 2-bath units, plus a 3-bed, 3-bath penthouse. The property is positioned as ideal for developers seeking a high-margin infill project with design and zoning hurdles already cleared. Utilities are available at the site, and construction estimates are ready for qualified buyers. The location provides easy access to downtown, Fall Creek, and major transit. It is walkable to Tarkington Park, Ivy Tech, and the Butler-Tarkington area. The approved plans are included in the price. Construction is not included.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
-86.161816
Latitude
39.808561

FAQs

What type of property is this?
Land - Shovel-ready 0.41-acre lot with approved plans for 9 units.
Where is this land located?
The property is located at 2902 N Capitol Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: - Shovel-ready: **Fully approved plans for a 9-unit luxury condo project.**; - Zoned D8 for multifamily use on an 18,000 sq ft lot.; - Includes plans for a **premium 3-bed, 3-bath penthouse unit.**
More about this property
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