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Land for sale at 4825 Melrose Ave, Indianapolis, IN 46241 | MLS# 22040254 | Listing updated on 2025-08-07
Photo 1 of Land for sale at 4825 Melrose Ave, Indianapolis, IN 46241 | MLS# 22040254 | Listing updated on 2025-08-07
Photo 2 of Land for sale at 4825 Melrose Ave, Indianapolis, IN 46241 | MLS# 22040254 | Listing updated on 2025-08-07
Photo 3 of Land for sale at 4825 Melrose Ave, Indianapolis, IN 46241 | MLS# 22040254 | Listing updated on 2025-08-07
Photo 4 of Land for sale at 4825 Melrose Ave, Indianapolis, IN 46241 | MLS# 22040254 | Listing updated on 2025-08-07
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$97,997

Monthly Est:$488

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon9,584sqft lot

4825 Melrose Ave, Indianapolis, IN 46241

$488/moEst:

Get Pre-Approved

  • Residential Lot

  • Built in -

  • $-- HOA

  • 9,584 sqft lot

  • $10/sq.ft

Description

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!

  • Houzeo last checked: 6 minutes ago
  • Listing updated: August 7, 2025 at 7:56 pm
  • Listing Provided by: Eric J Johnson | F.C. Tucker Company (317) 259-6000
  • Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID | MLS#: 22040254 Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID

Property Details

  • Status

    Active

  • Type

    Land

  • No. of Stories

    -

  • County

    Marion County

  • City

    Indianapolis

  • Neighborhood

    Stout Field

  • Year Built

    -

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    9,584 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS

  • MLS Number

    22040254

  • MLS Status

    Active

  • Days on Market

    482

  • Cumulative Days on Market

    36

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Interior

  • Sewer

    Public Sewer

Utilities & Energy

  • Water Source

    Public

Other Features

  • Subdivision Name

    Drexel Gardens

  • Lot Features

    Corner Lot

Price History

DateEventPrice

07/08/2025

Source: #MBR22040254

Listed for Sale

$97,997 +104.16%

$104/sqft

05/13/2024

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID #MBR21974772

Sold

$48,000

$51/sqft

Nearby Homes

Based on information from MIBOR REALTOR® Association through Nov 01, 2026, 06:45AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.

Advertising Broker: Jonah Hartsburg | Hoosier Hub Realty

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