, Indianapolis, IN, 46225

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$19,500,000
32 Days On Site

Indianapolis, IN 46225

For Sale|Business|Active
0
Beds
0
Total Baths
4,800
SqFt
$4,063
/SqFt
1998
Built
County:
Marion
Listing courtesy of Williams Executive Realty & As 2196139532
Call Now: 812-662-4018
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812-662-4018
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Monthly Payment (Est.)

$88,967
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PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN INDIANAPOLIS Address: 371 Kansas St, Indianapolis, IN 46225 325 W Morris St, Indianapolis, IN 46225 Combined Lot Size: Approx. 3 Acres Building Size: 4,800 SF (Built in 1998) Zoning: I-3 (Industrial Heavy) & C-S (Special Commercial). Strategically positioned in the heart of downtown Indianapolis, this rare dual-parcel offering presents an exceptional opportunity for developers, investors, and visionaries looking to transform a well-located space into a high-impact project. Ideal Redevelopment Site: Over 3 acres of land suitable for large-scale development such as mixed-use residential, hotels, restaurants, entertainment venues, and more. Existing Structure: 4,800 SF building, fully fenced and secured. Income-Producing Billboard: On-site billboard with monthly revenue stream included. Zoning Flexibility: Zoned I-3 and C-S, offering wide development potential. Less than 1 mile from Lucas Oil Stadium, home of the Indianapolis Colts. Under 2 miles to Victory Field (Indianapolis Indians), the Indiana Convention Center, and Gainbridge Fieldhouse. Within walking distance of Fountain Square, Mile Square, and downtown entertainment districts. Easy access to major corridors like I-70, I-65, and South Meridian Street. Surrounded by some of the city's largest hospitality, entertainment, and residential developments, this property sits at the crossroads of Indianapolis' future growth. Investors will appreciate the area's strong tourism draw, central location, and robust demand for housing and mixed-use spaces. Ideal Uses: Urban condominiums or apartment complexes, Boutique or flagship hotel, Food hall, brewery, or restaurant row, Tech campus, creative office space, or entertainment venue, Parking structure with retail frontage. Don't miss the chance to secure one of downtown Indianapolis' most valuable and versatile properties. Schedule a site tour.

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Listing Snapshot
Price 
$19,500,000
Days On Site 
32 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,800 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.78 Acres
Year Built 
1998
MLS® Number 
22048840
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
1.78
Additional Property Use 
ResidentialRetail
Property Sub Type 
Business
SqFt Total 
4800
Utilities 
Cable AvailableElectricity ConnectedWater Connected
Zoning 
I-3 and C-S
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Community Features
MLS Area 
4910 - Marion - Center
School District 
Indianapolis Public Schools
Township 
Center
Schools
School District
Indianapolis Public Schools
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Williams Executive Realty & As 2196139532



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2025-08-16 05:17 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
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