Prime Commercial Land
821 E 38th St Indianapolis, IN 46205
For Sale
Contact for pricing
0.61-acre commercial land parcel in high-traffic Indianapolis location.
Property Size900 SF
Lot Size0.61 Acres
Price / SF$555.44
Days on Market77
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 Agency:
Blue Flag Realty, Inc.
Listed By:
Jasvir, Jesse Singh · License #Indiana, RB22001424
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Jul 26 at 2:11PM
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
Location Intelligence
Current Use
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.).
