985 N Delaware St

Indianapolis, IN 46202

$750,000
Price
10,454 / 0.24
Lot Size / Acres

Description

Prime development opportunity in the heart of Downtown Indianapolis! 985 N Delaware St offers a rare chance to acquire a vacant CBD-2 zoned lot in the sought-after St. Joseph neighborhood-just steps from Mass Ave, the Cultural Trail, restaurants, parks, and downtown employment centers. CBD-2 zoning allows for high-density residential, mixed-use, retail, office, hotel, or multi-story development (buyer to verify). With alley access and excellent walkability, this site is ideal for boutique multifamily,...Prime development opportunity in the heart of Downtown Indianapolis! 985 N Delaware St offers a rare chance to acquire a vacant CBD-2 zoned lot in the sought-after St. Joseph neighborhood-just steps from Mass Ave, the Cultural Trail, restaurants, parks, and downtown employment centers. CBD-2 zoning allows for high-density residential, mixed-use, retail, office, hotel, or multi-story development (buyer to verify). With alley access and excellent walkability, this site is ideal for boutique multifamily, townhomes, professional offices, or a mixed-use project. A perfect opportunity for builders, developers, or investors looking to capitalize on a rapidly growing urban corridor.
  1. Listed by Kate Tuttle • @properties

Property Details for 985 North Delaware Street

Subdivision Name
Sorins
Township
Center
Waterfront
No
Zoning
CBD2 RC
LISTING UPDATED: 11/20/2025 06:07 PM

Property Details for 985 North Delaware Street

StatusActive
MLS #22073736
Days on Market44
Taxes$1,623 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residential Lots
Year Built-
Lot Size0.24 AC
CountyMarion County

Location

Listing Courtesy of @properties
Add your commute

Building Information for 985 North Delaware Street

Building Size-Lot Size0.24 AC

Payment Calculator

$3,977 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,706

Property Taxes

$271

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 985 North Delaware Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46202
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
  • Topography: Cleared,Level
  • View: No
Taxes and HOA Information
  • Parcel Number: 491101223039000101
  • Semi Annual Property Tax Amt: 1623
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 35 & 36
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Land Characteristics: Corner,Rectangle
  • Lot Description: Corner Lot, Curbs, Sidewalks
  • Lot Size Square Feet: 10340.0
  • Lot Size Acres: 0.24
  • New Construction: False
  • Other Structures: No Building
  • Soil Type: Not Applic
Property and Assessments
  • Affected by Disclosures: No
  • Development Status: Not Applicable
  • Divisible: No
  • DPRYN: No
  • Legal Subdivision: Sorins Sub 93.9Ft N End L35 & L36 Ol175
  • Photos Count: 10
  • Present Zoning: Other
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • Road Surface Type: Asphalt
  • Type: Single Lot
  • Transaction Type: Sale
Utilities
  • Facilities Near: Cable,Electric,Gas,Telephone,Water & Sewer
  • Facilities On: None
  • Sewer: Public Sewer
  • Solid Waste: No
  • Water: Municipal Water Near By
Interior and Exterior Features
Exterior Features
  • Horse Amenities: None

Property History for 985 North Delaware Street

DateEvent & SourcePriceAppreciation
Nov 20, 2025

Listed (Active)

MIBORMLS #22073736

$750,000—
Nov 21, 2014

Sold

MIBORMLS #21231679

$100,000—
Nov 5, 2014

Pending

MIBORMLS #21231679

—
May 10, 2013

Listed (Active)

MIBORMLS #21231679

$120,000—
DateEvent & SourcePrice
11/20/2025

Listed (Active)

MIBORMLS #22073736

$750,000
11/21/2014

Sold

MIBORMLS #21231679

$100,000
11/05/2014

Pending

MIBORMLS #21231679

—
05/10/2013

Listed (Active)

MIBORMLS #21231679

$120,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 985 North Delaware Street

Taxable ValueLand$116,500Additions-Total$116,500
Tax Record2024$3,245 ($270 / month)
Home Facts
Lot Size10,340 SqFtStyleCommercialZoningZO01CountyMARIONAPN49-11-01-223-039.000-101

Schools near 985 North Delaware Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Thomas D. Gregg School 15
Public - PK to 6
Brookside School 54
Public - PK to 6
James Russell Lowell School 51
Public - PK to 6
Washington Irving School 14
Public - PK to 6
Rating
School
Distance
Thomas D. Gregg School 15
PublicPK to 6

Brookside School 54
PublicPK to 6

James Russell Lowell School 51
PublicPK to 6

Washington Irving School 14
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 985 North Delaware Street, Indianapolis, IN 46202

985 North Delaware Street is a 0.24 ac of land for sale in Indianapolis, IN 46202. This property was listed for sale on November 20, 2025 by @properties, it's currently listed at $750,000. It has been on the market for a total of 44 days and was last sold on November 21, 2014. This listing's school district is Indianapolis Public Schools. Nearby schools include Thomas D. Gregg School 15, Brookside School 54 and James Russell Lowell School 51. 985 North Delaware Street is a 0-bed, 0-bath, 0.24 ac of land on a 10,454 sq. ft. / 0.24 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/03/2026 09:26 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.