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  • $97,997

    4825 Melrose Ave, Indianapolis, IN 46241

    --beds
    --baths
    9,583.2Square Feet
    Unimproved Land, Residential Lots
    Built in ----
    9,583.2 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Double lotCorner lotConnected to city utilities
    CALLING ALL INVESTORS! Here is a Great Opportunity for a double lot in Drexel Gardens! This double lot provides ample opportunity for someone looking to build not just one but two possible homes. This lot can be kept as one large corner lot OR split into two if someone so desires! The split would provide two .11/acre lots that are easily buildable and a chance to maximize your return on investment! The corner lot with the garage had a house on it at one time and is connected to city utilities so it's ready to go and has a brand new garage door on it as well. Purchase will come with TWO sets of build plans for you to use if you wish. Why pay for new plans when these are at your disposal!? Located near all the major highways (I65, I69, I70, I74 & I465) this location is PRIME!! It's only 10-15 Minutes from: The Indianapolis International Airport, The Indianapolis Motor Speedway, Lucas Oil Stadium, Gainbridge Fieldhouse, Downtown Indy's Circle Center, Eagle Creek Reservoir and more! Once the house(s) are built, there could be year round short term rental revenue for events such as The Indianapolis 500, Brickyard 400, All Colts Games, All Pacer games, GenCon, Boat Sport & Travel shows, etc...Indy has conventions all year long and is known to be a great Host City. Why not build close to all the action?! Set up your showing today and let's make a deal happen!
    36 days
    on Zillow
    |
    135
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 07, 2025 at 12:56pm

    Listing Provided by:

    Eric J Johnson 317-735-8345,

    F.C. Tucker Company

    Source: MIBOR as distributed by MLS GRID,MLS#: 22040254MLS Logo
    Travel times

    Facts & features

    Interior

    Property

    Lot
    • Size: 9,583.2 Square Feet
    • Features: Corner Lot, Corner
    • Topography: Cleared,Level
    Details
    • Additional structures: See Remarks, Other
    • Parcel number: 491118113223000900
    • Zoning: Residential
    • Zoning description: Single Family
    • Horse amenities: None

    Utilities & green energy

    • Water: Public, Municipal Water on Site

    Community & HOA

    Community
    • Subdivision: Drexel Gardens
    HOA
    • Has HOA: No
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $46,200
    • Annual tax amount: $1,098
    • Date on market: 7/8/2025
    • Road surface type: Asphalt
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