Property summary
This exceptional 3.2-acre site in Indianapolis, IN, presents a remarkable redevelopment opportunity. Located at 1422 Astor Street, near the White River Parkway, it boasts spectacular views of downtown Indianapolis and the White River. Its strategic location across from IUPUI campus, Eskenazi Hospital, and Riley Children's Hospital, and blocks from the Indianapolis Zoo and White River Gardens, ensures high demand. The property, designated APN 49-11-03-173-004.000-101, is zoned for multi-family development, making it ideal for student housing or a hotel. The site's proximity to public transportation, shopping, and entertainment venues, coupled with ongoing city infrastructure improvements and revitalization efforts, promises strong returns. This mixed-use property presents a unique chance to capitalize on Indianapolis's thriving real estate market and contribute to its continued growth. The substantial lot size allows for significant development potential, catering to the increasing need for modern housing in this vibrant area. This is a truly exceptional investment opportunity in a rapidly developing part of the city. All information is deemed reliable but not guaranteed.
Property profile
VerifiedCap rate & NOI
Current use
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Park
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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