931 S East St

Indianapolis, IN 46225

$495,000
Price
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Description

Unlock the endless possibilities with this awesome property! Spanning 1/4 acre with appx 88 feet of main-road frontage, this listing offers unparalleled potential. Situated directly across from Eli Lilly and in close proximity to downtown attractions like Lucas Oil Stadium and Gainbridge Fieldhouse, this location is ideal for anyone looking to capitalize on Indy's bustling urban scene. Currently zoned C5, the property holds significant commercial appeal with great street frontage, making it a prime...Unlock the endless possibilities with this awesome property! Spanning 1/4 acre with appx 88 feet of main-road frontage, this listing offers unparalleled potential. Situated directly across from Eli Lilly and in close proximity to downtown attractions like Lucas Oil Stadium and Gainbridge Fieldhouse, this location is ideal for anyone looking to capitalize on Indy's bustling urban scene. Currently zoned C5, the property holds significant commercial appeal with great street frontage, making it a prime candidate for retail or commercial use. However, the ease of rezoning to D8 provides the flexibility to transform this space into residential development, whether it be a cluster of single-family homes or stylish townhomes. The property's location on a bus route enhances accessibility, appealing to both residents and businesses. Embrace the vibrant energy of Indianapolis with this property's unmatched potential for growth and redevelopment. Whether your ambitions are commercial or residential, this is poised to accommodate your vision.

Listing Agent

  1. Mike Feldman

    Mike Feldman

    Listing Agent

    Compass

    mike.feldman@compass.com

    P: (317)-965-5034

Property Details for 931 South East Street

Subdivision Name
Fletcher Place
Township
Center
Zoning
C5
LISTING UPDATED: 05/15/2025 07:03 PM

Property Details for 931 South East Street

StatusActive
MLS #22039010
Days on Market29
Taxes$2,120 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeLand / Commercial Land
Year Built-
Lot Size0.24 AC / 10,454 SF
CountyMarion County
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Virtual Tour

Building Information for 931 South East Street

Stories-Residences-Year Built-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$2,947 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,594

Property Taxes

$353

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 931 South East Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Postal Code Plus4: 1321
  • Road Access: Street Cuts
  • Road Frontage Type: City Street
  • State Or Province: IN
  • Topography: Cleared,Level
Taxes and HOA Information
  • Parcel Number: 491112189004000101
  • Semi Annual Property Tax Amt: 2120
  • Tax Year: 2024
  • TaxLot: 1
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Land Characteristics: City
  • Lot Description: Curbs, Not In Subdivision, Sidewalks, Storm Sewer, Street Lights, Zoned, See Remarks
  • Lot Size Square Feet: 10455.0
  • Lot Size Acres: 0.24
  • New Construction: False
  • Other Structures: No Building
  • Soil Type: Clay
Property and Assessments
  • Affected by Disclosures: No
  • Development Status: Easements, Rough Grade, See Remarks
  • Divisible: Yes
  • DPRYN: No
  • Legal Subdivision: Mc Kernans Sub L1 & L2 Also Washington Smith's Subdivision L7 & L8 Ol100 & 1/2 Vac Alley N & Adj
  • Photos Count: 7
  • Present Zoning: Commercial
  • Property Sub Type: Commercial Land
  • Property Type: Land
  • Road Surface Type: Asphalt
  • Type: Single Lot,Undeveloped
  • Transaction Type: Sale
Utilities
  • Facilities Near: Cable,Easement,Electric,Gas,Water & Sewer
  • Facilities On: Not Applicable
  • Public Transportation: Yes
  • Sewer: Municipal Sewer On Site
  • Solid Waste: Yes
  • Water: Municipal Water on Site
  • Water Source: Municipal/City
Interior and Exterior Features
Exterior Features
  • Horse Amenities: None

Property History for 931 South East Street

DateEvent & SourcePriceAppreciation
May 15, 2025

Listed (Active)

MIBORMLS #22039010

$495,000—
DateEvent & SourcePrice
05/15/2025

Listed (Active)

MIBORMLS #22039010

$495,000

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

Public Records for 931 South East Street

Taxable ValueLand$82,500Additions$70,000Total$152,500
Tax Record2024$4,248 ($354 / month)
Home Facts
Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories1Lot Size18,753 SqFtStyleStoresYear Built1962ZoningZO01CountyMARIONAPN49-11-12-189-004.000-101

Schools near 931 South East Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
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.

Similar Homes

Similar Sold Homes

931 South East Street is for sale in Indianapolis, IN 46225. This property was listed for sale on May 15, 2025 by Compass, it's currently listed at $495,000. 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. 931 South East Street is a 0-bed, 0-bath, .

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 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.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/13/2025 12:43 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.