# 2181 N Capitol Avenue, Indianapolis, IN 46202

> **TL;DR:** land, $250,000. Est. $1,083/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $250,000 |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,083 |
| **Total** | **$1,083** |

## Description

### Agent Description
Prime development opportunity just steps from the brand-new IU Health Downtown Hospital & Methodist Campus expansion. This 0.24-acre vacant lot (approximately 60 feet of frontage on Capitol by 150 feet of depth on 22nd) offers outstanding potential for multi-family development, ideal for townhomes, duplexes, or a small apartment or quadplex project.  Situated within the Near North corridor, the property provides quick and easy access to Downtown Indianapolis, I-65 and I-70, and the 16th Street commercial corridor, making it highly desirable for residents seeking proximity to healthcare, education, and employment centers. The location places you within walking distance to IU Health's $1.6-billion hospital project opening in 2027, surrounded by ongoing redevelopment and strong housing demand.  All city utilities are available nearby, and zoning (D-8) supports multifamily construction. With its central location, visibility, and strong rental and resale demand driven by the expanding hospital workforce and downtown professionals, 2181 N Capitol Ave stands as a rare infill opportunity in the direct path of Indianapolis' continued urban growth.

## Location

- **Address:** 2181 N Capitol Avenue, Indianapolis, IN 46202
- **County:** Marion
- **Neighborhood:** 106 North
- **Coordinates:** 39.796892, -86.161306
- **Google Maps:** https://www.google.com/maps?q=39.796892,-86.161306

## Listing Agent

- **Name:** Matthew Steed
- **Brokerage:** Engel & Völkers Indianapolis
- **Phone:** 3175853575
- **Email:** matt.steed@evrealestate.com

## Primary Photo

![2181 N Capitol Avenue - Primary Photo](http://lh.rdcpix.com/b4cbf50607f6103cd1640526be2667c8l-f2827510321r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/2181-n-capitol-avenue-indianapolis-in-46202-22068132)*

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**MLS#:** 22068132 | **Updated:** 2026-04-29
**Source:** listhub

*Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2181-n-capitol-avenue-indianapolis-in-46202-22068132)

---

## Structured Data

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