[Seller is willing to consider SELLER FINANCING options] Here's your chance to own a 5,227 sq ft vacant lot in the heart of Indianapolis' Forest Manor neighborhood. Located at 3161 N Colorado Ave, this residential parcel offers a prime opportunity for builders, investors, or anyone looking to create something new in a community on the rise. The lot sits on a quiet street surrounded by established homes and is just minutes from downtown Indianapolis, making it ideal for a custom build or rental property. Enjoy quick access to major highways, public transit, and local amenities. Nearby attractions include the Indianapolis Museum of Art, White River State Park, and the Indianapolis Zoo, offering cultural and recreational options close to home. With a growing demand for housing in the area, this lot presents a smart investment in a neighborhood with strong potential. Whether you're planning to build now or hold for future development, this property offers flexibility and value. Don't miss the opportunity to be part of Forest Manor's revitalization.
Active
Price cut: $4.2K (6/21)
$19,800
3161 N Colorado Ave, Indianapolis, IN 46218
--beds
--baths
5,227.2Square Feet
Unimproved Land, Residential Lots
Built in ----
5,227.2 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Vacant lotSurrounded by established homes
- 104 days
- on Zillow |
- 38 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 08:00am
Listing Provided by:
Crissi Matthews 317-909-3111,
Key Realty Indiana
Source: MIBOR as distributed by MLS GRID,MLS#: 22035776

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Facts & features
Property
Lot
- Size: 5,227.2 Square Feet
- Features: City
Details
- Parcel number: 490721134027000101
- Zoning: C2
- Zoning description: Single Family
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: Robinwood
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $4,900
- Annual tax amount: $136
- Date on market: 4/30/2025
- Road surface type: Asphalt
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