PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN INDIANAPOLIS Address: 371 Kansas St, Indianapolis, IN 46225 325 W Morris St, Indianapolis, IN 46225 Combined Lot Size: Approx. 3 Acres Building Size: 4,800 SF (Built in 1998) Zoning: I-3 (Industrial Heavy) & C-S (Special Commercial). Strategically positioned in the heart of downtown Indianapolis, this rare dual-parcel offering presents an exceptional opportunity for developers, investors, and visionaries looking to transform a well-located space into a high-impact project. Ideal Redevelopment Site: Over 3 acres of land suitable for large-scale development such as mixed-use residential, hotels, restaurants, entertainment venues, and more. Existing Structure: 4,800 SF building, fully fenced and secured. Income-Producing Billboard: On-site billboard with monthly revenue stream included. Zoning Flexibility: Zoned I-3 and C-S, offering wide development potential. Less than 1 mile from Lucas Oil Stadium, home of the Indianapolis Colts. Under 2 miles to Victory Field (Indianapolis Indians), the Indiana Convention Center, and Gainbridge Fieldhouse. Within walking distance of Fountain Square, Mile Square, and downtown entertainment districts. Easy access to major corridors like I-70, I-65, and South Meridian Street. Surrounded by some of the city’s largest hospitality, entertainment, and residential developments, this property sits at the crossroads of Indianapolis’ future growth. Investors will appreciate the area’s strong tourism draw, central location, and robust demand for housing and mixed-use spaces. Ideal Uses: Urban condominiums or apartment complexes, Boutique or flagship hotel, Food hall, brewery, or restaurant row, Tech campus, creative office space, or entertainment venue, Parking structure with retail frontage. Don’t miss the chance to secure one of downtown Indianapolis’ most valuable and versatile properties. Schedule a site tour.

Date Added: 7/13/25 at 5:00 am
Last Update: 7/16/25 at 10:50 pm

Location

  • Road/AccessCity Street
  • Originating MLSmibor
  • School DistrictIndianapolis Public Schools
  • CountyMarion
  • HOA Amenities2650.0, Annually

Lot

  • TopographyCleared, Wooded
  • ZoningI-3 and C- S, L A & J C Wrights Add L14 Thru L20 & 78 Ft S End L9thru L12 Also 78 Ft El X 139.96 Ft Wl L13 Also Peru& Indpls Rr Cos Add Irr Tre End L7 100 Ft Sl X381.24 Ft El & Vac Alleys Adj Cont 1.783 Ac+-, 491114125027000101
  • Current UseAuto Misc
  • ViewPasture, View
  • FencingFull

Utilities

  • WaterMunicipal Water Near By
  • SewerPublic Sewer
  • UtilitiesCable Available, Electricity Connected, Water Connected

Financial

  • Sourcemibor

Exterior

  • GeneralNot Applicable
  • StyleRanch
  • Other StructuresGlass Enclosed, Covered
  • ParkingAttached, Asphalt
  • PoolIn Ground

Interior

  • GeneralHardwood Floors
  • AppliancesDryer, Gas Oven, Refrigerator, Washer
  • LaundryIn Basement
  • A/CCentral Air
  • HeatingForced Air, Natural Gas
  • FireplaceFireplaces: 0
  • BasementFull, Partially Finished

Construction

  • GeneralOne, Block
  • RoofingMembrane, Shingle

Schools

  • DistrictIndianapolis Public Schools
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Restaurants

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Coffee Shops

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Grocery

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Education

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Park

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