1159 Churchman Avenue, Indianapolis

Opportunity can be heard whispering through the grand old trees adorning the site of this .61AC lot in the heart of Fountain Square, where a once-majestic-mansion remains in the middle of 5 potential building sites, unearthing one of the most interesting redevelopment venues for residential construction in years. While the existing house doesn't look so bad from the outside, the highest & best use is probably to take her down and split up the ground into 5 new lots to host new homes. The city prefers it, the neighborhood supports it, the market craves it; and this is an exceptional site with D5 zoning, offering a variety of exciting options for new construction. Three new lots, approx 44x127 in size, would front Churchman Ave & 2 would front St Paul St. Utilities are already on site.** The Planning Department has specifically stated a replat here would be encouraged! ** But if restoration is your preference, then the existing house sure would be a labor of love worth taking on. She was built in the 19th century as a massive single-family home of Victorian design and later converted into 4 apartments, with 2 up & 2 down. At some point, the upstairs was gutted to the studs and left unfinished, thus uninhabitable. The apartments on the 1st floor can be occupied, but they are rough. If she were to be brought back to life with a significant renovation, she would be STUNNING in her current location. Everything is possible with vision, time & money, right? Whatever her future, the entire property is being sold strictly AS IS WHERE IS. (P.S. Room count, labels & sizes is subjective & a best guess as the structure is currently undefined as a single family home). A SIGNED HAZARDOUS CONDITION ACKNOWLEDGEMENT & WAIVER OF LIABILITY IS REQUIRED TO ACCESS THE PROPERTY.