1032 and 1040 S East Street, Indianapolis, IN 46225

Listing agent Keith Turnbill License #RB14035185 Show Phone

Listing office RE/MAX Advanced Realty d***@indyhomepros.com Airport Pkwy Ste 140 65, Indianapolis, IN Show Phone

Listing date May 11, 2026

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MLS# 22101882 Listing URL

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Overview

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.

Map

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.150229

Latitude

39.75274

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FAQs

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