7039 E 38th St
Indianapolis, IN 46226
Arlington Woods(on 0.45 acres)
Local Information
-- mins to
Home Highlights
Property Type
Lot/Land
Lot Size
0.45 acres
About this House
Commercial Lot for Sale: 0.45 Acres on E 38th St in Indianapolis High-visibility commercial lot in a proven traffic corridor. Located just east of 38th and Shadeland, this 0.45-acre C3/D5-zoned property sits near a signalized intersection with heavy daily traffic and direct access to I-465 and I-70. Ideal for retail, office, auto, food service, or flex development. The site is cleared, level, and already equipped with municipal water, sewer, electric, and gas on-site-making it shovel-ready for a wide range of commercial uses. Surrounded by national retailers, service businesses, and established neighborhoods, this is a key location for any operator seeking strong street exposure and logistical convenience. Property highlights: Zoned C3/D5, 0.45 acres (approx. 19,514 sq ft) Former gas station site, fully cleared with IDEM sign-off complete Flat topography with state road frontage Street cut access, asphalt surface, strong traffic counts Utilities: electric, gas, water, and sewer all on-site Immediate access to Shadeland Ave, I-465, and I-70 This lot offers unmatched exposure and utility access in a prime East Side commercial zone. Whether you're an owner-user or developer, the location supports a wide variety of business models. Priced to move and ready for your next build.
7039 E 38th St, Indianapolis, IN 46226 is a lot/land in Arlington Woods. It last sold for $95,000 on Feb 18, 2026 (17% below the $115,000 asking price). It is currently off market. The Trulia Estimate rent is $889/month.
Home Details for 7039 E 38th St
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MLS Status: Sold |
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Frontage Road Frontage: State Road, Street CutsRoad Surface Type: Asphalt |
Farm & Range Horse Amenities: None |
Surface & Elevation Topography: Cleared, Level |
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Cumulative Days on Market: 1951 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Not a New ConstructionNo Additional Parcels |
Property Information Usage of Home: See RemarksParcel Number: 490724123023000700 |
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Price List Price: $115,000 |
Status Change & Dates Off Market Date: Tue Feb 03 2026Possession Timing: Close Of Escrow |
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Direction & Address City: IndianapolisCommunity: No Subdivision |
School Information High School: Warren Central High SchoolHigh School District: MSD Warren Township |
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Lot Area: 0.45 acres |
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Mls Number: 21722954 |
Last check for updates: about 6 hours ago
Listed by Charlene Gaard
No Limit Real Estate, LLC
Bought with: Marco Vasquez, CAVA Realty Group
Source: MIBOR as distributed by MLS GRID, MLS#21722954

Price History for 7039 E 38th St
| Date | Price | Event | Source |
|---|---|---|---|
| 02/18/2026 | $95,000 | Sold | MIBOR as distributed by MLS GRID #21722954 |
| 02/03/2026 | $115,000 | Pending | MIBOR as distributed by MLS GRID #21722954 |
| 02/02/2026 | $115,000 | PendingToActive | MIBOR as distributed by MLS GRID #21722954 |
| 01/10/2026 | $115,000 | Pending | MIBOR as distributed by MLS GRID #21722954 |
| 12/27/2025 | $115,000 | PriceChange | MIBOR as distributed by MLS GRID #21722954 |
| 12/19/2025 | $119,900 | PriceChange | MIBOR as distributed by MLS GRID #21722954 |
| 07/18/2025 | $125,000 | Listed For Sale | MIBOR as distributed by MLS GRID #21722954 |
| 05/18/2021 | ListingRemoved | MIBOR as distributed by MLS GRID #21722954 | |
| 07/04/2020 | $149,900 | Listed For Sale | Agent Provided |
| 04/03/2012 | $225,000 | ListingRemoved | Agent Provided |
| 12/22/2011 | $225,000 | Listed For Sale | Agent Provided |
Market trends in Indianapolis
Last updated June 2026
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
Comparable Sales for 7039 E 38th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.43 | Lot/Land | $25,000 | 11/07/25 | - | - | ||
0.44 | Lot/Land | $21,500 | 09/19/25 | - | - | ||
0.37 | Lot/Land | $5,000 | 06/26/26 | - | - | ||
0.61 | Lot/Land | $14,000 | 06/10/26 | - | - | ||
1.08 | Lot/Land | $68,000 | 05/07/26 | - | - | ||
1.12 | Lot/Land | $195,000 | 08/22/25 | - | - | ||
1.21 | Lot/Land | $32,000 | 07/24/26 | - | - | ||
1.91 | Lot/Land | $55,000 | 05/01/26 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 7039 E 38th St.
What Locals Say about Arlington Woods
At least 34 Trulia users voted on each feature.
75 % Say car is needed
74 % Say yards are well-kept
70 % Say parking is easy
61 % Say kids play outside
60 % Say there's holiday spirit
51 % Say there are sidewalks
50 % Say it's quiet
47 % Say it's dog friendly
41 % Say neighbors are friendly
41 % Say there's wildlife
36 % Say streets are well-lit
36 % Say they plan to stay for at least 5 years
33 % Say it's walkable to restaurants
28 % Say it's walkable to grocery stores
22 % Say people would walk alone at night
15 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 7039 E 38th St
Off Market Homes Near 7039 E 38th St

Based on information submitted to the MLS GRID as of 2026-07-28 00:27:59 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information