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Commercial Land with Frontage
For Sale
$249,995

3049 Kentucky Avenue, Indianapolis, IN 46221

Land, Indianapolis, IN

Property SizeContact for details
Lot Size0.53 Acres
Days on Market176

Property Features for 3049 Kentucky Avenue

General Information

Property type Land
Property subtype Other
Zoning D5/C5
Zoning description Commercial
Subdivision No Subdivision
Elementary school district MSD Decatur Township
Middle school district MSD Decatur Township
High school district MSD Decatur Township
Directions GPS Friendly
Standard status Active
APN 491129111596000200
Lot size 0.53 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description MARS HILL L2026 & L2027 MARS HILL LOTS 1835&1836
Tax Annual Amount 1060
Legal Description MARS HILL L2026 & L2027 MARS HILL LOTS 1835&1836

Utilities

Sewer type Public Sewer
Listing Agency: CENTURY 21 Scheetz · Century 21 Real Estate
Listed By: Hasan Kiswani · License #RB26000437
Added: Apr 1 Changed: Sep 14 Last Checked: Sep 23 at 7:06AM
MLS# 22092798

Copyright © 2026 Broker Listing Cooperative®. 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 commercial land offering combines two adjoining parcels at 3049 and 3059 Kentucky Avenue for a total of 0.53 acres. The lots measure approximately 0.20 and 0.33 acres, providing a combined site for future commercial development. Zoning is identified as D5/C5, and public sewer service is available.

The property fronts Kentucky Avenue, also designated SR 67, in Indianapolis. I-465 and Indianapolis International Airport are located minutes from the site, supporting access to major transportation routes and regional air service. The address is within ZIP Code 46221 in Marion County.

Key Highlights

  • Two immediately adjacent lots totaling 0.53 acres
  • Parcel sizes of 0.20 and 0.33 acres
  • D5/C5 zoning designation

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Nail Salon Parking Lot & Garage HVAC Service

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

301
Businesses Nearby

Demographics for 46221, IN

27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Two adjoining parcels offer a compact commercial development site with public sewer service and Kentucky Avenue access.
Where is this commercial land located?
The property is located at 3049 Kentucky Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $249,995.
What are key features of this property?
This property features: Two immediately adjacent lots totaling 0.53 acres; Parcel sizes of 0.20 and 0.33 acres; D5/C5 zoning designation
More about this property
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