1733 Olive St - Olive Street Development Land

Gardner Property Group is proud to offer the Olive St. Development Land, a rare opportunity to develop over 21,000 square feet of prime residential land. Located just minutes from Downtown Indianapolis and near the lively Fountain Square neighborhood, this site offers an excellent foundation for new development.
The site includes two existing residential structures and is zoned residential with support from the zoning commission for increased density. The site is well-suited for multifamily housing, townhomes, or a Planned Unit Development (PUD). Its location next to the Red Line transit stop, the Pleasant Run Trail, and the Indianapolis Cultural Trail offers easy access to public transit, walkable streets, and outdoor recreation.
Indianapolis has a growing need for housing, especially in the “Missing Middle” segment. Options like townhomes or smaller multifamily units that bridge the gap between single-family homes and larger apartment buildings. This site is in a great position to meet that demand and create a development that fits the needs of the community while benefiting from the area’s ongoing growth.
With its close proximity to downtown amenities, access to transit and trails, and flexibility for a variety of housing options, this site is an opportunity to be part of Indianapolis’s evolving urban landscape.