Vacant Development Land
For Sale
$550,000
985 Delaware St, Indianapolis, IN 46202
Vacant CBD-2 zoned lot with alley access in Downtown Indianapolis, suited for multifamily, office, or mixed-use development.
Property SizeContact for details
Days on Market261
Property Features for 985 Delaware St
General Information
Standard status
Active
Property subtype
Land
Zoning
CBD-2
Listing Agency:
@properties
(317) 691-7705
Listed By:
Kate Tuttle
(317) 691-7705
Source:
Exprealty
Added: Nov 20, 2025
Changed: Aug 8
Last Checked: Jul 18 at 3:14AM
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 @properties
Investment Insights
Based on property information with market context.
This is a vacant land parcel offered for sale at 985 N Delaware St in Downtown Indianapolis. The property is zoned CBD-2, providing flexibility for development types including high-density residential and a range of mixed-use, retail, office, hotel, or multi-story projects, with verification required by the buyer.
The site is described as being in the St. Joseph neighborhood, with walkability to Mass Ave, the Cultural Trail, restaurants, parks, and downtown employment centers. Alley access is noted as an additional site feature that can support planned layouts.
Because zoning and development requirements can affect final design and approvals, prospective buyers should confirm permitted uses, density, and any related constraints as part of their due diligence.
The site is described as being in the St. Joseph neighborhood, with walkability to Mass Ave, the Cultural Trail, restaurants, parks, and downtown employment centers. Alley access is noted as an additional site feature that can support planned layouts.
Because zoning and development requirements can affect final design and approvals, prospective buyers should confirm permitted uses, density, and any related constraints as part of their due diligence.
Key Highlights
- Vacant lot at 985 N Delaware St in Downtown Indianapolis
- CBD‑2 zoning; allows for high‑density residential, mixed‑use, retail, office, hotel, or multi‑story development (buyer to verify)
- Alley access
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant CBD-2 zoned lot with alley access in Downtown Indianapolis, suited for multifamily, office, or mixed-use development.
Where is this commercial land located?
The property is located at 985 Delaware St Indianapolis, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Vacant lot at 985 N Delaware St in Downtown Indianapolis; CBD‑2 zoning; allows for high‑density residential, mixed‑use, retail, office, hotel, or multi‑story development (buyer to verify); Alley access
