Hi There! Is this Your First Time?
Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.
4825 Melrose Avenue Indianapolis IN 46241
- -
- Bedrooms
- -
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.22
- Acres
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!
Property Details
Interior Features
Exterior Features
- Setting / Lot Description: Corner Lot
- # Acres: 0.22
- Sewer: Public Sewer
Listing Office: F.c. Tucker Company
Similar Properties To: 4825 Melrose Avenue, Indianapolis
Glicks Franklin Rd Add
- MLS® #:
- 22044595
- Provider:
- F.c. Tucker Company
Nathan B Palmers
- MLS® #:
- 21854324
- Provider:
- Sullivan Realty Group, Llc
Johnson & Hogshire
- MLS® #:
- 22037555
- Provider:
- The Grove Brokerage Llc
Fletchers Homestead
- MLS® #:
- 22015102
- Provider:
- Highgarden Real Estate
No Subdivision
- MLS® #:
- 22025004
- Provider:
- Keller Williams Indy Metro Ne
Edgewater
- MLS® #:
- 22023798
- Provider:
- Envoy Real Estate, Llc
G W Hoffmans Southeast Add
- MLS® #:
- 22059486
- Provider:
- @properties
View all similar properties here
All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.
Listing information last updated on September 10th, 2025 at 3:28am EDT.
