4 beds, 2 baths and a billboard

June 19, 2007
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If you've driven north on Delaware Street toward 16th, you've seen this billboard. But did you notice the Herron-Morton home behind it? The house is for sale, and it's one of the most interesting listing I've seen in a while. Billboard HomeIn terms of cost per square foot, the 1904 home is probably the best deal in the neighborhood. It has three levels and a basement for a total of 4,300 square feet. The price: $185,000. Of course, there are downsides. The owner plans to retain rights to the billboard, so you wouldn't have control over what your house is advertising. And at night, headlights glare into the front room. The home is owned by Clear Channel. "They had to buy the house to get the sign rights," said Larry Bray, the Tucker real estate agent listing the property.
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  • Cory, do you know how long that billboard has been there? How on earth did they get zoning approval for that?
  • http://www.talktotucker.com/2729766
    The neighboring houses along Delaware are going for about $325,000
  • The billboard was attached to the property prior to the neighborhood becoming an historic district (I believe early 80's). The billboard is therefore grandfathered-in and is not subject to the same rules as the rest of the properties in Herron-Morton Place.
  • Seems like a good location for the IBJ to hang its first Property Lines billboard. Although your a forty foot high likeness of the blogmaster might not do wonders for local property values.
  • There was a push a couple years back to oust the billboard, which is, indeed, an eyesore. If I recall correctly, Clear Channel went around and around with Historic Preservation but ultimately prevailed.

    The neighborhood wasn't pleased.
  • I wonder if the person who buys the house could rent the billboard space and then have it painted to look like the side of the house...that would rock.
  • I dunno, the price sounds reasonable, and hardly a steal, given the billboard issue. I drive by there nearly daily, and the actual condition of the place ain't so great. I'm guessing something in the $325k range would be in better condition.
  • The house would probably be best suited for some kind of business. With 16th street up and coming, perhaps someone will invest to modify it for some kind of retail option.
  • Cory, correct me if I'm wrong, but this billboard was owned by your boss, one Mickey Maurer. He must have sold it recently to CC after he got the rezoning. Helps to have a little pull around town to get those things through...
  • Jim, you are correct. Thank you for bringing that to my attention. The controvery predates my arrival at IBJ.
  • Maybe the neighborhood will plant a couple of big ol' shade trees in that little patch of green in front of the billboard.

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  1. So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.

  2. Owner occupied housing. Clear enough?

  3. So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.

  4. Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.

  5. RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.

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