Two-Tenant Corner Retail
For Sale
$990,000
1121 E Troy Avenue, Indianapolis, IN 46203
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size0.74 Acres
Days on Market263
Property Features for 1121 E Troy Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-5
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4907 - Marion - Perry
Standard status
Active
APN
491030122001023501
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Golden Addition L7
Legal Description
Golden Addition L7
Building Details
Year built
1948
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 882-5900
Listed By:
Shelly Johnson · License #RB14043056
(317) 882-5900
Added: Dec 9, 2025
Changed: Aug 20
Last Checked: Aug 29 at 11:06AM
MLS# 22076256
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This retail property includes a two-tenant building that underwent remodeling in 2025. The improvements provide refreshed commercial space, while the C-5 zoning supports retail, office, gas station, and auto-related operations. The building dates to 1948 and sits on a 0.74-acre parcel.
Positioned at the corner of Shelby and Troy in Garfield Park, the site offers access to neighborhood traffic and is a short drive from I-465. The property is located at 1121 E Troy Avenue in Indianapolis, Indiana, within the 46203 postal area.
Positioned at the corner of Shelby and Troy in Garfield Park, the site offers access to neighborhood traffic and is a short drive from I-465. The property is located at 1121 E Troy Avenue in Indianapolis, Indiana, within the 46203 postal area.
Key Highlights
- Two‑tenant retail building remodeled in 2025
- C‑5 zoning supports retail, office, gas station, and auto‑related operations
- 0.74‑acre parcel at the corner of Shelby and Troy
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Remodeled retail building with C-5 zoning and access to a broad range of commercial uses.
Where is this retail space located?
The property is located at 1121 E Troy Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two‑tenant retail building remodeled in 2025; C‑5 zoning supports retail, office, gas station, and auto‑related operations; 0.74‑acre parcel at the corner of Shelby and Troy
