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Commercial Land with Office Building
For Sale
$329,000

2316 Mellen Road, Indianapolis, IN 46231

Commercial Sale, Indianapolis, IN

Property SizeContact for details
Lot Size0.35 Acres
Days on Market282

Property Features for 2316 Mellen Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning C3
Elementary school district MSD Wayne Township
Middle school district MSD Wayne Township
High school district MSD Wayne Township
Directions GPS Friendly
Subdivision 4909 - Marion - Wayne
Standard status Active
APN 491221108031000900
Lot size 0.35 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Bridgeport Pt L5 B4 Beg Se Cor Nw51.86' To Pob;Sw37.31', Sw13.2', Nw109.67 Ne36', Se80.14' To Pob.; PT L6 B4 34' W Side L6 EX:22.34' Off S side of lot; 66Ft S ends L3 & L4 B4
Legal Description Bridgeport Pt L5 B4 Beg Se Cor Nw51.86' To Pob;Sw37.31', Sw13.2', Nw109.67 Ne36', Se80.14' To Pob.; PT L6 B4 34' W Side L6 EX:22.34' Off S side of lot; 66Ft S ends L3 & L4 B4
Listing Agency: Carpenter, REALTORS(R)
Listed By: Jane Venezia
Added: Nov 20, 2025 Changed: Aug 19 Last Checked: Aug 29 at 5:06AM
MLS# 22074402

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 C3-zoned commercial land offering includes an existing office building and two vacant parcels. The office component provides three private offices, a conference room, a storage room, and additional flexible area for day-to-day business functions. The site encompasses 0.35 acres, creating a combined property with both existing improvements and undeveloped land.

Positioned along US-40 frontage, the property is near Indianapolis International Airport and within minutes of Indianapolis and Plainfield. Its location supports convenient access for businesses requiring an office presence with additional land available for future development, subject to applicable approvals.

Key Highlights

  • 0.35‑acre C3‑zoned commercial land offering
  • Existing office building with three private offices
  • Conference room, storage room, and flexible additional area

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Hair Salon Real Estate Agency Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

Demographics for 46231, IN

10,889
Population
3,895
Households
2.8
Avg Household Size
36
Median Age
19%
College-Educated
79%
High-School Grad
11.7 sq mi
ZIP Area
931
Density / Sq Mi
$76,823
Median Household Income
$47,727
Median Earnings
$1,575
Median Rent
$204,200
Median Home Value

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - C3-zoned property combines an operating-ready office layout with two vacant parcels for additional development.
Where is this commercial land located?
The property is located at 2316 Mellen Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 0.35‑acre C3‑zoned commercial land offering; Existing office building with three private offices; Conference room, storage room, and flexible additional area
More about this property
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