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    1121 E Troy Ave Indianapolis, IN 46203

    New
    For Sale
    $1,000,000

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    3,828 SF
    Lot size:
    0.74 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 10 at 7:06 pm

    Property Features for 1121 E Troy Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    C-5
    APN
    491030122001023501
    Size
    3,828 SF
    Lot size
    0.74 Acres

    Building Details

    Year built
    1948
    Architectural style
    Other

    Keller Williams Indy South (317) 882-5900 [email protected]

    Listing agent Shelly Johnson (317) 882-5900 License #RB14043056

    Listing date Dec 9, 2025

    MLS# 22076256 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Retail Corner Location

    Located in Garfield Park, this corner property offers high visibility and accessibility to major corridors. The location benefits from consistent neighborhood traffic and proximity to a community hub. The on-site two-tenant building was remodeled in 2025, providing a refreshed and functional space suitable for various business types. The property is zoned C-5, which allows for a range of uses, including gas stations, retail, office spaces, and auto-related operations. Situated on the corner of Shelby and Troy, the site is located minutes from I-465. The property size is 3828 square feet, and the lot size is 0.74 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.138748
    Latitude
    39.722761

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    FAQs

    What type of property is this?
    Gas station - Remodeled two-tenant retail building in Garfield Park neighborhood.
    Where is this gas station located?
    The property is located at 1121 E Troy Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - High-visibility hard corner location in Garfield Park.; - C-5 zoning allows for a wide range of uses (Gas Stations, Retail, Office, Auto).; - Remodeled in 2025, offering a refreshed and functional space.
    (317) 882-5900
    Request Owner's contact information
    1121 E Troy Ave Indianapolis, IN 46203
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    Indianapolis, IN 46203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1121 E Troy Ave Indianapolis, IN 46203
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