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32908552
32908559

6 Locations

CG
IN RB14033327
No Limit Real Estate, Llc
Listed by No Limit Real Estate, Llc
$1,499,999
49 days on market
Updated 25 days ago

Keystone Assemblage for Redevelopment

Details
Property Type Multifamily, Industrial (+1)
Sub Type Apartment Building, Traditional Office (+1)
Year Built 1960
Buildings 5
Acreage 1.630
Zoning C3, D5, I1
Investment Type Redevelopment
Ground Lease No
Sale Condition N/A

Contiguous Properties

Marketing description

Exceptional redevelopment and repositioning opportunity consisting of multiple contiguous parcels located at 4498 N Keystone Ave, 4460 N Keystone Ave, 2325 E 45th St, 2323 E 45th St, 2301 E 45th St, and 2219 E 45th St, Indianapolis, IN. This rare assemblage offers approximately 1.63 acres with a unique combination of Keystone Avenue frontage, I1 Light Industrial zoning, and C3/D5 commercial zoning creating exceptional flexibility for future redevelopment or adaptive reuse. Properties are adjacent to the Nickel Plate Trail corridor and positioned within an evolving urban infill area experiencing increasing redevelopment and flex-industrial demand. Potential uses may include flex industrial redevelopment, contractor service bays, industrial condominiums, showroom/warehouse concepts, adaptive reuse commercial space, creative office or studio space, maker-space/artisan industrial, live/work concepts, storage/service facilities, and long-term redevelopment opportunities. Most buildings currently vacant allowing flexibility for repositioning and redevelopment planning. Seller currently offering properties as a package sale only, however seller may consider dividing parcels for the right offer. Buyer to independently verify all zoning, permitted uses, redevelopment potential, environmental matters, utility availability, and all information material to buyer's intended use with the appropriate governmental authorities.

Private Remarks

Properties total 1.63 acres 4498 N Keystone zoned C3, D5 bldg 1305 sq ft lot 13,255 sq ft 4460 N Keystone zoned C3, D5 bldg 900 sq ft lot 5,330 sq ft 2325 E 45th St zoned I1 900 sq ft lot 5,445 sq ft 2323 E 45th St zoned I1 lot 2,701 sq ft 2301 E 45th St zoned I1 bldg 4854 sq ft lot 16,291 sq ft 2219 E 45th St zoned I1 bldg 2830 sq ft lot 8,840 sq ft

Investment highlights

Rare opportunity to acquire a highly flexible 1.63-acre urban infill assemblage in a rapidly evolving Keystone corridor location adjacent to the Nickel Plate Trail. Featuring a unique combination of Keystone frontage visibility, I1 Light Industrial zoning, C3/D5 commercial zoning, and multiple contiguous parcels, this property offers exceptional potential for flex-industrial redevelopment, contractor bays, adaptive reuse, showroom/warehouse concepts, live/work opportunities, and long-term redevelopment investment. Most buildings currently vacant allowing immediate repositioning flexibility. Package sale preferred.

Listing Contacts

CG
IN RB14033327
No Limit Real Estate, Llc
Listed by No Limit Real Estate, Llc

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Zoning

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C3 CommercialNeighborhood CommercialNeighborhood Commercial District
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View all 152 uses
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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