2181 N Capitol Avenue, Indianapolis, IN 46202

Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2181 N Capitol Avenue,Indianapolis, IN 46202
$250,000
  • 0.21 Acres
  • Lots / Land
  • Active
Listed by:matthew steed
Office:engel & volkers
MLS#:22068132
Source:IN_MIBOR

Price summary

  • Price:$250,000

About this home

Prime development opportunity just steps from the brand-new IU Health Downtown Hospital & Methodist Campus expansion. This 0.24-acre vacant lot (approximately 40 feet of frontage by 260 feet of depth) offers outstanding potential for multi-family development, ideal for townhomes, duplexes, or a small apartment or quadplex project. Situated within the Near North corridor, the property provides quick and easy access to Downtown Indianapolis, I-65 and I-70, and the 16th Street commercial corridor, making it highly desirable for residents seeking proximity to healthcare, education, and employment centers. The location places you within walking distance to IU Health's $1.6-billion hospital project opening in 2027, surrounded by ongoing redevelopment and strong housing demand. All city utilities are available nearby, and zoning (D-8) supports multifamily construction. With its central location, visibility, and strong rental and resale demand driven by the expanding hospital workforce and

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:22068132
  • Added:1 day(s) ago
  • Updated:October 15, 2025 at 11:45 PM

Structure and exterior

  • Lot area:0.21 Acres

Utilities

  • Water:Municipal Water Near By

Finances and disclosures

  • Price:$250,000
Copyright 2025 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 2181 N Capitol Avenue