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    2902 N Capitol Ave Indianapolis, IN 46208

    For Sale
    $499,900

    Unimproved Land - Indianapolis, IN

    Type:Unimproved Land
    Lot size:
    0.41 Acres
    Days on Market:
    105
    Last Refresh:
    Dec 11 at 5:06 pm

    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

    NO LIMIT Real Estate, LLC (317) 440-2149 [email protected]

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

    Listing date Aug 29, 2025

    MLS# 21979922 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

    Development Ready Land in Indianapolis

    This 18,000 sq ft lot, zoned D8, presents a development opportunity for multifamily residential projects. Approved plans are available for a 9-unit luxury condo building, featuring eight 2-bedroom, 2-bath units and a penthouse with 3 bedrooms and 3 baths. The property is suited for developers looking to capitalize on a location with access to local amenities, public transit, and urban areas. The lot's zoning offers flexibility for residential developments. Detailed construction cost estimates are available.
    Property Profile Insight Report 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 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

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    FAQs

    What type of property is this?
    Land - 18,000 sq ft lot with approved plans for 9-unit condo.
    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: - Approved plans for a 9-unit luxury condo building (eight 2-bed/2-bath units and one 3-bed/3-bath penthouse).; - Expansive 18,000 sq ft lot zoned D8 for multifamily residential development.; - Investment-ready property in a highly sought-after location.
    (317) 440-2149
    Request Owner's contact information
    2902 N Capitol Ave Indianapolis, IN 46208
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    Indianapolis, IN 46208
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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
    2902 N Capitol Ave Indianapolis, IN 46208
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