C-3 Zoned Commercial Development
For Sale
$229,900
5220 West Troy Avenue, Indianapolis, IN 46241
1.8-acre level parcel zoned C-3 and designated Community Commercial in the comprehensive plan for retail and service development.
Property Size78,147 SF
Lot Size1.80 Acres
Price / SF$2.94
Days on Market833
Property Features for 5220 West Troy Avenue
General Information
Standard status
Active
Size
78,147 SF
Lot size
1.80 Acres
Property subtype
Land / Commercial Land
Zoning
C-3
Additional Details
Highway Access
Yes
Listing Agency:
Keller Williams Indpls Metro N
Listed By:
Sharon Stamper Thompson · License ##RB14044406
(317) 846-6300
Source:
Compass
Added: May 26, 2024
Changed: Aug 8
Last Checked: Jul 22 at 12:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indpls Metro N
Investment Insights
Based on property information with market context.
This 1.8-acre commercial land parcel is zoned C-3 and designated Community Commercial in the city’s Comprehensive Plan. The site is described as level and suited for freestanding buildings or strip center development, with Community Commercial ideal uses including retail, restaurant, medical, and service-based businesses.
The property is positioned for visibility and accessibility on the city’s southwest side, with nearby transit access via an IndyGo Blue Line bus stop. It is also noted as being adjacent to a Phillips 66 convenience store and located just minutes from Indianapolis International Airport, I-465, and I-70.
Offered for sale as a development site at 5220 West Troy Avenue, the property provides a straightforward platform for neighborhood-serving retail and service concepts within the Community Commercial planning designation.
The property is positioned for visibility and accessibility on the city’s southwest side, with nearby transit access via an IndyGo Blue Line bus stop. It is also noted as being adjacent to a Phillips 66 convenience store and located just minutes from Indianapolis International Airport, I-465, and I-70.
Offered for sale as a development site at 5220 West Troy Avenue, the property provides a straightforward platform for neighborhood-serving retail and service concepts within the Community Commercial planning designation.
Key Highlights
- 1.8‑acre level commercial parcel zoned C‑3
- Designated as Community Commercial in the city’s comprehensive plan
- Supports retail and service‑oriented uses, including freestanding buildings and strip center development
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 46241, IN
33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 1.8-acre level parcel zoned C-3 and designated Community Commercial in the comprehensive plan for retail and service development.
Where is this commercial land located?
The property is located at 5220 West Troy Avenue 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: 1.8‑acre level commercial parcel zoned C‑3; Designated as Community Commercial in the city’s comprehensive plan; Supports retail and service‑oriented uses, including freestanding buildings and strip center development
