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    5220 W Troy Ave Indianapolis, IN 46241

    For Sale
    $229,900

    Commercial Land - Indianapolis, IN

    Lot size:
    1.79 Acres
    Days on Market:
    225
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 5220 W Troy Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-3
    APN
    491119109008000900
    Lot size
    1.79 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Sharon Stamper Thompson (317) 564-7100 License #RB14044406

    Listing date Apr 25, 2025

    MLS# 22028290 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

    Prime Commercial Land Opportunity

    This 1.8-acre commercial land parcel presents an exceptional development opportunity, situated minutes from Indianapolis International Airport. Zoned C-3, the site offers high visibility and accessibility on the southwest side of the city. The property is adjacent to a Phillips 66 convenience store and located along a major corridor with a nearby IndyGo Blue Line bus stop, providing strong traffic exposure and convenient public transit access. The level site is designated as Community Commercial in the city's Comprehensive Plan, supporting a wide range of retail and service-oriented uses, including freestanding buildings and strip centers catering to neighborhood needs. Ideal uses include retail, restaurant, medical, and service-based businesses, or strip center development. The location provides convenient access to Indianapolis International Airport, I-465, and I-70. This property offers outstanding potential for commercial projects aiming to serve the local community or capture city and airport-related traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joe's Junction Convenience Store Laundry Laundromat Phillips 66 Gas Station ATM (Joe's Junction) Atm LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.248212068951
    Latitude
    39.720548430076

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    FAQs

    What type of property is this?
    Commercial land - 1.8-acre commercial land parcel near Indianapolis International Airport.
    Where is this commercial land located?
    The property is located at 5220 W Troy Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Prime location minutes from Indianapolis International Airport, I-465, and I-70.; - Zoned C-3, supporting a wide range of retail and service-oriented uses.; - High visibility and accessibility on the city's growing southwest side.
    (317) 564-7100
    Request Owner's contact information
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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
    5220 W Troy Ave Indianapolis, IN 46241
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