324 S College Avenue Indianapolis, IN 46202

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Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
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Residential Lots

$525,000

324 S College Avenue

0.18 Acres
Property Description

WOW! Don't miss this rare chance to craft two modern masterpieces in one of Indianapolis' most sought-after neighborhoods. Nestled in the highly desirable Fletcher Place Historic District in downtown Indy, this large .18ac parcel is surrounded by a vibrant community of new builds and beautifully restored homes, making it a hub of growth and revitalization. The lot is ready to be split into two separate parcels so construction can begin on each build. The sale price includes approved design plans and permits for two stunning two-story luxury residences each featuring 4 bedrooms, 4.5 bathrooms, and a fully finished basement, offering nearly 4,000 sq ft of elegant living space. With both the city and IHPC already granting approvals, the construction process is streamlined, allowing you to separate the parcels, break ground immediately, and bring these designs to life. Whether you're an investor seeking a high-return project or an owner-occupant ready to design your dream home, this turnkey opportunity delivers both convenience and sophistication. The thoughtfully crafted plans set the stage for two luxury residences that blend timeless style with modern functionality, featuring high-end finishes throughout. With the projected home values exceeding $1M each, this is your chance to build equity and live in style in one of the city's most flourishing areas. Located in downtown Indy, these lots provide easy access to jobs, shopping, dining, and entertainment - perfect for those who appreciate a vibrant, active lifestyle. Architectural plans, appraisal reports, and detailed spec sheets for both builds are available for review, offering full transparency for discerning buyers. For those looking to maximize their investment, two additional lots at 828 N Oriental are available as part of a package deal, ready to be combined and built on. Act fast to secure these premier lots and bring your dream project to life in one of Indianapolis' most desirable neighborhoods!

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Property
MLS # 22009400
Date Listed 2024-11-06
Status Active
Property Type Lots and Land
Property SubType Residential Lots
New Construction No
Type Residential Lots
Year Taxes Payable 2023
Days on Market 48
Zoning Residential D-8
External Features
Construction Residential Lots
Lot Size 7,920 sq ft
Acreage 0.18 Acres
Fence None
Location
Area Marion
County Marion
Subdivision Rays
Township Center
City Indianapolis
State IN
Zip 46202
Schools
School District Indianapolis Public Schools
Financial
Assoc. Dues $5.00 Annually
Other Fees $5.00 Annually

MLS# 22009400
Listing Provided Courtesy of Peter Stewart
Keller Williams Indpls Metro N
peter@peterstewartrealty.com

Listing updated November 6, 2024 at 4:46 pm
Last checked 6 minutes ago

IDX information provided by the MIBOR REALTOR® Association. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Learn More About 324 S College Avenue

Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
Email
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Sarah Hubley about your request. Please see our Privacy Policy.