Prime Commercial Land
For Sale
$499,900
821 E 38th St, Indianapolis, IN 46205
0.61-acre commercial land parcel in high-traffic Indianapolis location.
Property Size900 SF
Lot Size0.61 Acres
Price / SF$555.44
Days on Market113
Property Features for 821 E 38th St
General Information
Standard status
Active
Size
900 SF
Lot size
0.61 Acres
Listing Agency:
Blue Flag Realty Inc
(317) 499-1516
Listed By:
Jesse Jasvir Singh · License #RB22001424
(317) 499-1516
Source:
Exprealty
Added: May 11
Changed: Aug 28
Last Checked: Aug 30 at 11:24PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.).
