Prime Commercial Land
821 E 38th St, Indianapolis, IN 46205
0.61-acre commercial land parcel in high-traffic Indianapolis location.
Type:Retail
Property size:
900 SFLot size:
0.61 AcresPrice / SF:
$555/SF- Added:
- May 12, 2026
- Days on Market:
- 16
- Last Refresh:
- May 14 at 9:35 pm
Property Features for 821 E 38th St
General Information
- Standard status
- Active
- Size
- 900 SF
- Lot size
- 0.61 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1968
Listing agent Jasvir, Jesse Singh License #Indiana, RB22001424
Listing office Blue Flag Realty, Inc.
Listing date May 12, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Blue Flag Realty, Inc.
HighLights
- Prime 0.61‑acre commercial land parcel directly across from the Indiana State Fairgrounds.
- High‑visibility corner location on East 38th Street and Guilford Avenue with approximately 200 feet of frontage on 38th Street.
- Zoned "Multi‑Use" offering exceptional flexibility for various development projects (apartments, mixed‑use, office, retail, etc.).
- Three street cuts (two on 38th Street, one on Guilford Avenue) provide excellent accessibility.
- Currently tenant‑occupied with a convenience store, offering potential for continued income generation.
- Located in one of Indianapolis' most active growth corridors.
Overview
This 0.61-acre commercial land parcel is located on East 38th Street, directly across from the Indiana State Fairgrounds. The fully paved property is strategically positioned on the corner of East 38th Street and Guilford Avenue, offering approximately 200 feet of frontage on 38th Street and 124 feet on Guilford Avenue. The property features three street cuts, with two access points from 38th Street and one from Guilford Avenue. The existing structure, currently operating as a tenant-occupied convenience store, may continue generating income, be renovated, or be torn down for new development. Zoned "Multi-Use," this site offers flexibility for a variety of projects, including apartments, multifamily housing, mixed-use developments with retail below and residential above, office buildings, restaurants, cafes, retail stores, medical offices, community centers, and professional service businesses. The high-visibility location with strong traffic exposure makes this property suitable for investors, developers, and business owners seeking a location in Indianapolis. Additional zoning variances for intended use may be possible; buyers are advised to verify all zoning and development possibilities with the City Zoning Department.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.143265
- Latitude
- 39.824776
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FAQs
What type of property is this?
Commercial land - 0.61-acre commercial land parcel in high-traffic Indianapolis location.
Where is this commercial land located?
The property is located at 821 E 38th St 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: Prime 0.61‑acre commercial land parcel directly across from the Indiana State Fairgrounds.; High‑visibility corner location on East 38th Street and Guilford Avenue with approximately 200 feet of frontage on 38th Street.; Zoned "Multi‑Use" offering exceptional flexibility for various development projects (apartments, mixed‑use, office, retail, etc.).
