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    5901 E Thompson Rd Indianapolis, IN 46237

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    For Sale
    $550,000

    2.08 acres ideal for retail or medical development.

    Property size:
    2 SF
    Lot size:
    2.08 Acres

    Property Features for 5901 E Thompson Rd

    General Information

    Size
    2 SF
    Lot size
    2.08 Acres

    Source: Pete Alveal Agent Pete Alveal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail/Medical Land Opportunity

    This 2.08-acre land opportunity is available for sale at the southwest quadrant of E. Thompson Rd. & S. Arlington Ave. in Franklin Township, on the southeast side of Indianapolis. The location offers exceptional opportunities for retail or medical center tenants. A 17,000+/- SF medical/commercial multi-tenant development is currently preleasing, with build-to-suit opportunities available. The property boasts over 250' of frontage on E. Thompson Rd. & Arlington Ave., along with an access road to/from Arlington Ave. that facilitates seamless north/south transit. The zoning is C-1 & C-3. The location is suitable for medical providers, retailers, and restaurant users, with strong demographics and traffic counts. Area neighbors include CVS, Village Pantry, Dollar General, and local restaurants, retail services, and medical/dental offices. Kroger Marketplace, Walmart Supercenter, Lowes, and VASA Fitness are all nearby. The property is positioned within a community-oriented retail hub in close proximity to Emerson Ave. & I-465, and near Greenwood Park Mall & Franciscan Health Indianapolis.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel 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
    -86.264003
    Latitude
    39.690842

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    FAQs

    What type of property is this?
    Commercial land - 2.08 acres ideal for retail or medical development.
    Where is this commercial land located?
    The property is located at 5901 E Thompson Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location at the SWQ of E. Thompson Rd. & S. Arlington Ave. in Franklin Township, Indianapolis.; - 2.08 Acres available for sale with C-1 & C-3 Zoning.; - Boasts over 250' of frontage on E. Thompson Rd. & Arlington Ave. with access road to Arlington Ave.
    (317) 997-9362
    Request Owner's contact information
    5901 E Thompson Rd Indianapolis, IN 46237
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    Indianapolis, IN 46237
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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
    5901 E Thompson Rd Indianapolis, IN 46237
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