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    5170 W Morris St Indianapolis, IN 46241

    Pending
    For Sale
    $190,000

    Unimproved Land - Indianapolis, IN

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 5170 W Morris St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Pending
    Zoning
    C3 / D5
    APN
    491107105012000930
    Exterior features
    Corner Lot
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    Buy with Benberry Realty Group, LLC (317) 441-2426 [email protected]

    Listing agent Keya Benberry (317) 270-7299 License #RB14032380

    Listing date Oct 31, 2025

    MLS# 22069727 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

    Corner Commercial Lot For Sale

    This commercial lot is located on the corner of West Morris Street and Lynhurst Drive. The property, previously a gas station, has undergone environmental cleanup approved by IDEM. The lot is almost completely fenced and could be used as a secure parking lot for trucks and RVs. It also presents a development opportunity for a new owner. The lot size is approximately 1 acre.
    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 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
    -86.249582
    Latitude
    39.750703

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    FAQs

    What type of property is this?
    Commercial land - Highly visible corner lot with development or parking potential.
    Where is this commercial land located?
    The property is located at 5170 W Morris St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - High-visibility corner lot location on W. Morris Street and Lynhurst Dr.; - Suitable for secure parking lot (trucks, RVs, etc.) due to existing fencing.; - Development opportunity for new construction.
    (317) 270-7299
    Request Owner's contact information
    5170 W Morris St Indianapolis, IN 46241
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    Indianapolis, IN 46241
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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
    5170 W Morris St Indianapolis, IN 46241
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