2902 N Capitol Avenue
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2902 N Capitol AvenueIndianapolis, IN 46208


Active
$499,900
Asking Price
0.41
Ac Lot

2902 N Capitol Avenue Indianapolis, IN 46208


Commercial LandProperty Type
397 daysTime on Dwellane
$1,219,268Price per acre
Discover a prime development opportunity with this expansive 18,000 sq ft lot zoned D8, ready for multifamily residential projects. Approved plans are in place for a 9-unit luxury condo building, including eight 2-bedroom, 2-bath units and an exclusive penthouse featuring 3 bedrooms and 3 baths. This investment-ready property is perfect for developers looking to capitalize on a highly sought-after location. While the price does not include construction costs, detailed estimates are available for serious buyers. The lot's zoning offers flexibility for residential developments, making it a standout choice for builders seeking a lucrative project. Situated in a convenient and central location, this property ensures easy access to local amenities, public transit, and thriving urban areas. Don't miss this chance to bring a remarkable project to life!

Approximate location on a geospatial gridEast Indy
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City

Indianapolis

Type

Commercial Land

Neighborhood

Fall Creek Corridor

County

Marion

Lot Size

0.41 ac / 18,000 sqft

Dwellane Agents

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next step?

Connect with a trusted Dwellane Agent to learn more or make an offer.

Listing Agent

Charlene Gaard
317-440-2149

Co-Listing Agent

Robert Gaard
317-445-1095

Listing Provider

No Limit Real Estate, LLC

MLS #

21979922

Source

MIBOR as distributed by MLS GRID

Last Modified

Wed Apr 23 2025

Listed on

Thu May 16 2024


Property History

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Fall Creek Corridor

Approximate location on a geospatial gridEast Indy
Fall Creek Corridor media

The Fall Creek Corridor spans a collection of historic and evolving neighborhoods along the Fall Creek waterway, connecting some of Indianapolis’s most recognizable landmarks with everyday community spaces. This stretch includes Fall Creek Place, Mapleton-Fall Creek, Herron-Morton Place, and Kennedy-King — each with its own character, mix of housing, and neighborhood anchors. The Fall Creek Greenway is a central thread, offering a scenic multi-use trail system for walking, biking, and connecting to the Monon Trail and White River paths. Along the way, residents encounter curated green spaces like the Fall Creek Place Arboretum, Craig Kids Memorial Park, George E. Kessler Park, and the serene Watson Road Bird Preserve, each contributing to a lifestyle rich in outdoor access.

This area is also home to many cultural, educational, and community-driven institutions. The Children’s Museum of Indianapolis anchors the west end of the corridor, while performance spaces like Footlite Musicals and the historic Martin Luther King, Jr Park — home to the Landmark for Peace Memorial — highlight the region’s deep cultural roots. Herron High School, St. Richard's Episcopal School, and Ivy Tech Community College serve local families and students, while nearby institutions like Tabernacle Presbyterian Church and CITYOGA School of Yoga and Health offer space for connection and wellness. Crown Hill Cemetery, one of the largest cemeteries in the country, is both a historic site and popular destination for walking and events.

The food and drink scene continues to expand, with local favorites like Blue Mind Coffee, Goose the Market, and PROVIDER Coffee & Cocktail Lounge offering go-to options for neighbors and visitors alike. Dining spots such as Kountry Kitchen, Tinker Street, Bocca Restaurant, MashCraft Brewing, and Baby’s Indy reflect the corridor’s range of tastes and atmospheres. You’ll also find Gather 22 for brunch and art, Foundry Provisions for coffee and community events, and new venues like West Fork Whiskey Co. bringing energy to the area. For books and local culture, Loudmouth Books adds a literary presence. Altogether, the Fall Creek Corridor offers a location that’s connected, walkable, and full of places to explore—whether you’re enjoying a trail run, catching a show, or meeting friends for coffee.

Neighborhood Features

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