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Residential Lots in Transformation Zone
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557 Lynn Street, Indianapolis, IN 46222

Land, Indianapolis, IN

Property SizeContact for details
Lot Size0.10 Acres
Days on Market338

Property Features for 557 Lynn Street

General Information

Property type Land
Property subtype Other
Zoning D5
Subdivision Merritt Place
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 491103111082000101
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Merritt Pl L105
Legal Description Merritt Pl L105

Utilities

Sewer type Public Sewer
Listing Agency: eXp Realty LLC
Listed By: Tonya Burton · License #RB21001672
Added: Sep 25, 2025 Changed: Aug 20 Last Checked: Aug 28 at 7:06PM
MLS# 22064873

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.

This residential lot, located at 557 Lynn Street in Indianapolis, IN 46222, is situated in a promising transformation zone. The 0.1-acre parcel offers developers the opportunity to add value. The property is located minutes from downtown, surrounded by neighborhoods primed for reinvestment, and within reach of city programs. The zoning is D5.

Key Highlights

  • Prime location minutes from downtown Indianapolis.
  • Situated in a transformation zone with high potential.
  • Located in a neighborhood primed for reinvestment.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Nail Salon Spa & Massage Center Hair Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,189
Businesses Nearby

Demographics for 46222, IN

37,185
Population
15,782
Households
2.4
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
11.0 sq mi
ZIP Area
3,380
Density / Sq Mi
$45,198
Median Household Income
$30,548
Median Earnings
$1,050
Median Rent
$104,300
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Blank-canvas parcel near downtown Indianapolis, primed for reinvestment.
Where is this residential land & home lot located?
The property is located at 557 Lynn Street Indianapolis, IN.
What are key features of this property?
This property features: Prime location minutes from downtown Indianapolis.; Situated in a transformation zone with high potential.; Located in a neighborhood primed for reinvestment.
More about this property
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