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    1915 Madison Ave Indianapolis, IN 46225

    Sponsored
    For Sale
    Contact for pricing

    Unimproved Land - Indianapolis, IN

    Type:Unimproved Land
    Lot size:
    4.78 Acres
    Days on Market:
    68
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 1915 Madison Ave

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    I-4
    APN
    491113164012000101
    Lot size
    4.78 Acres

    Building Details

    Architectural style
    Other

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

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

    Listing date Oct 30, 2025

    MLS# 22005573 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

    Downtown Indianapolis I-4 Zoned Land

    This is an unimproved commercial land parcel located in Indianapolis, Indiana. The lot size is approximately 4.78 acres. The property is zoned I-4, which allows for various uses including vocational training, auto auctioneering, and heavy equipment sales and service. The property is located close to I-465 and has access off of Caven Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.15361
    Latitude
    39.741946

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    FAQs

    What type of property is this?
    Commercial land - Unimproved land near I-465, zoned for heavy industrial use.
    Where is this commercial land located?
    The property is located at 1915 Madison Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $5,000.
    What are key features of this property?
    This property features: - Prime Location: Situated in downtown Indianapolis.; - Large I-4 Parking Lot: Nearly 5 acres of parking space.; - Heavy Industrial Zoning: Allows for a wide range of uses.
    (317) 882-5900
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    1915 Madison Ave Indianapolis, IN 46225
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    Indianapolis, IN 46225
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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
    1915 Madison Ave Indianapolis, IN 46225
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