Listing Agency: CBRE - Indianapolis

Listed By: Scott Wise · License #RB20000189 Show Phone

Source: Crexi

Added: Oct 13, 2025 Changed: Oct 16 Last Checked: Oct 19 at 3:49AM

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Investment Insights

Based on property information with market context.

This 0.58-acre residential land is suitable for development. The property is replat ready, though not yet recorded, and permits are ready to be pulled once fees are paid for 18 townhomes. A full set of construction documents is available to the buyer. Renderings of a townhome design that could be built on the site are also available. Utilities are available to the site.

Key Highlights

• Replat ready (but not recorded) with permits ready to be pulled for 18 townhomes.
• Full set of CD’s available to buyer.
• Utilities to site.

Property Analytics

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Suggested Use

Top Pick Skin Care Clinic Computer & Electronic Repair (Bike/Boat/Book/etc) Store Daycare Center Acupuncture Tech Support Center

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

959

Businesses Nearby

Explore this area Business Placement

Demographics for 46203, IN

38,224

Population

18,057

Households

2.1

Avg Household Size

34

Median Age

26%

College-Educated

79%

High-School Grad

13.9 sq mi

ZIP Area

2,750

Density / Sq Mi

$55,375

Median Household Income

$40,620

Median Earnings

$1,022

Median Rent

$155,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Residential land suitable for 18 townhomes with utilities on site.

Where is this residential land & home lot located?

The property is located at 1717 Prospect St Indianapolis, IN.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Replat ready (but not recorded) with permits ready to be pulled for 18 townhomes.; Full set of CD’s available to buyer.; Utilities to site.