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2954 McPherson Street Indianapolis, IN 462052954 McPherson Street Indianapolis, IN 46205

Pending

$79,900

Asking Price

0.13

Ac Lot

2954 McPherson Street Indianapolis, IN 46205

Residential LotsProperty Type

1 monthTime pending

$614,615Price per acre

Vacant residential lot available with approved permit allowing for a DUPLEX plus a 24'x24' detached garage that includes a 799-square foot dwelling unit! Excellent investment opportunity just off the MONON TRAIL, with easy access to downtown, schools, shopping, dining, and major amenities. Idea for investors, builders, or owner-occupants seeking income potential. Zoning: D-5. Approved for Duplex + Detached Garage with Dwelling Unit.

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City

Indianapolis

Type

Residential Lots

Neighborhood

Fall Creek Corridor

County

Marion

Lot Size

0.13 ac / 5,445 sqft

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Listing Agent

Xue Jiang

317-350-0260

Buyer Agent

Ernest Hanohano-Pastushin

317-629-0040

Listing Provider

T L C Real Estate Group

MLS #

22064397

Source

MIBOR as distributed by MLS GRID

Last Modified

Thu Oct 09 2025

Pending on

Oct 07 2025

Listed on

Tue Sep 23 2025

Exterior photo of the Childrens Museum, showing entrance

Fall Creek Corridor

Region in Indianapolis

Approximate location on a geospatial grid

East Indy

Family
Fun

Parks &
Playgrounds

Historic

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Schools

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Fall Creek Corridor

East Indy

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

Family
Fun

Parks &
Playgrounds

Historic

Unique
Architecture

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