325 W Morris St, Indianapolis, IN 46225

FOR SALE | Prime Downtown Indianapolis Redevelopment Site

371 Kansas St & 350 Kansas St, Indianapolis, IN 46225

Price: $19,500,000 | Lot Size: ±3 Acres | Building Size: 4,800 SF | Zoning: I-3 & C-S

Incredible Development Opportunity in the Heart of Indianapolis

This two-parcel property, totaling approximately 3 acres, offers a rare and strategic redevelopment opportunity just steps from downtown Indianapolis. With flexible zoning (I-3 & C-S), income-producing features, and unbeatable proximity to major city attractions, this site is ideal for a wide range of development possibilities.

Key Highlights:

Total Land Area: ±3.0 acres (combined across two parcels)

• Building Size: 4,800 SF (Maintenance barn built in 1998)

• Zoning: I-3 (Industrial Heavy) & C-S (Special Commercial) – ideal for mixed-use, residential, hospitality, or commercial development

• Billboard Income: Active billboard on site with recurring monthly revenue

• Secure Site: Fully fenced and gated lot with easy access

• Two Parcel Addresses:
  

  • 371 Kansas St, Indianapolis, IN 46225

  • 325 W Morris St, Indianapolis, IN 46225

Location & Accessibility:

• Under 2 miles to Victory Field, Indiana Convention Center, and Gainbridge Fieldhouse

• Minutes from downtown Indianapolis, Fountain Square, and Mass Ave. Cultural District

• Immediate access to I-70, I-65, South Meridian St, and the downtown business core

• Less than 1 mile to Lucas Oil Stadium

Ideal For:

• Urban condos or apartments

• Boutique hotel or hospitality project

• Restaurant, brewery, or entertainment complex

• Mixed-use with street-level retail

• Creative office, innovation campus, or institutional redevelopment

Don’t miss this rare chance to own a large-scale development site in one of Indianapolis’ most active and rapidly growing urban corridors. Surrounded by high-traffic destinations and a strong mix of residential, commercial, and entertainment anchors, this site is primed for long-term growth and strong ROI.

Contact us today to schedule a tour.