Sheldon Barnes
For Sale — 3324 Prospect Street, Indianapolis, IN 462033324 Prospect Street
Indianapolis, Indiana 46203
Vandemans Prospect St Add
1
Baths
1,248
Sq Ft
1955
Year Built
0.1
Acres
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ABOUT THIS HOME
For sale 0.1 acre parcel zoned I4 - Industrial located just east of Fountain Square! It must be sold as a package sale: 3324 Prospect St and 1028 Vandeman St for a total of 0.2 acres of land ($233,900). The 1,248 sq.ft. home structure has partially been prepared for renovation and is paired with a small backyard and covered deck. Numerous potential uses as permitted by the Marion County Zoning Ordinance. Located just minutes from the interstate and the central Indianapolis area.
Key things to know
- Industrial zoning (I4)
- Near fountain square and interstate access
- 0.1 acre lot with package deal option (0.2 acres total)
- Partially prepared for renovation
- Covered deck
Monthly payment
Estimate · $99,000
$646/mo
≈ $527 principal & interest · $119 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $19,800 on a loan of $79,200.
Price history
- Price reduced$110,000 → $99,000
May 6, 2026
- Listedat $250,000
Aug 22, 2025
Recent comparable sales
$149,900
4909 Hyperion Court
5bd · 1ba · 1,268 sqft
Sold May 2026
$208,000
1426 E Bradbury Avenue
3bd · 2ba · 1,320 sqft
Sold May 2026
$125,000
2134 Spann Avenue
3bd · 1ba · 1,085 sqft
Sold May 2026
$75,000
2876 Tindall Street
2bd · 1ba · 912 sqft
Sold May 2026
$240,000
835 Parkway Avenue
2bd · 1ba · 1,254 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 34% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$250,000Listed· Aug 22, 2025
$99,000Reduced
↓ $151,000 (60.4% off original)
260 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis2.8 mi
- Monon Trail (Carmel)14.2 mi
- IU Health North Hospital14.6 mi
- Carmel High School14.9 mi
- Carmel Central Park15.0 mi
- Carmel Arts & Design District15.6 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,248 sq ft
Year Built
1955
Stories
One
Subdivision
Vandemans Prospect St Add
Bathrooms
1 full
School District
Indianapolis Public Schools