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    5209 Massachusetts Ave Indianapolis, IN 46218

    For Sale
    $950,000

    Industrial - Indianapolis, IN

    Type:Industrial
    Lot size:
    7.00 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 5209 Massachusetts Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    I2
    APN
    490722111002000701
    Lot size
    7.00 Acres

    Building Details

    Architectural style
    Other

    Indy Metro Northeast dba Keller Williams Realty (317) 564-7100 [email protected]

    Listing agent Justin Griffith (317) 564-7100 License #RB14047020

    Listing date Nov 17, 2025

    MLS# 21986169 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

    Grocery Store and Mobile Park

    This property presents a value-add opportunity with a local grocery store and a mobile home park. The total land area encompasses 9 acres, including the plot with the retail space. The mobile home park has 50 permitted lots and an active license. Currently, there are 10 active tenants, each paying $350 per month on a month-to-month basis. Zoned I-2, the property offers entrances from both Mass Ave and 30th St. The grocery store and mobile home park have been in operation for 50 years. A small creek runs through the property, and flood insurance is not required. The property is located in Indianapolis, IN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chuck's Market Grocery Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.081606
    Latitude
    39.811204

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    FAQs

    What type of property is this?
    Grocery and convenience store - Value-add opportunity: grocery store and mobile home park.
    Where is this grocery and convenience store located?
    The property is located at 5209 Massachusetts Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Active mobile home park license with 50 permitted lots.; - Value-add opportunity with existing grocery store and mobile home park.; - 9 acres of land with retail space included.
    (317) 564-7100
    Request Owner's contact information
    5209 Massachusetts Ave Indianapolis, IN 46218
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    Indianapolis, IN 46218
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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
    5209 Massachusetts Ave Indianapolis, IN 46218
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