5220 West Troy Avenue Indianapolis, IN 46241

Listing agency Keller Williams Indpls Metro N s***@kw.com Show Phone

Listed by Sharon Stamper Thompson · License #RB14044406 Show Phone

Source Compass

Added: May 26, 2024 Updated: Jul 22 at 12:00AM Checked: Jul 22 at 12:00AM

Report an Issue

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.

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

Location Intelligence

Similar For Sale Nearby

• 

  $1,750,000

  7,548 SF

  Former Medical Office and Community Space

  Former medical office with ADA-accessible layout, multiple entrances, and ample off-street parking.

  6635 E 21st, Indianapolis, IN 46219

  View Details
• 

  $1,250,000

  11,060 SF

  Brewery-Pub with Multiple Overhead Doors

  Leased brewery-pub building with heavy power, gas heat, and eight rear overhead doors plus an adjacent vacant MU1 lot.

  1301 Barth Ave, Indianapolis, IN 46203

  View Details
• 

  $1,045,605

  11,902 SF

  NNN-Leased Dollar General Retail

  Dollar General retail property offered under a net lease structure in Indianapolis, Indiana.

  2120 West Morris Street, Indianapolis, IN 46221

  View Details
• 

  $1,299,000

  4,928 SF

  Freestanding Day Care Facility

  Vacant, well-maintained former daycare with ample parking and flexible CS zoning for multiple neighborhood-serving commercial uses.

  4521 Independence Sq, Indianapolis, IN 46203

  View Details
• 

  $2,271,000

  12,140 SF

  Medical Office and Professional Space

  Office space positioned for medical and professional tenants with close access to a major hospital campus and regional corridors.

  7353 East 21st St, Indianapolis, IN 46219

  View Details
• 

  $1,899,000

  16,680 SF

  Renovated Showroom and Warehouse Facility

  Modern showroom and office area with high-clear warehouse space, supported by ample paved parking.

  10809 US Highway 136, Indianapolis, IN 46234

  View Details
• 

  $2,000,000

  15,084 SF

  Automotive Dealership Property

  Automotive dealership property with a large dealership facility, secondary building, and extensive vehicle display capacity.

  5155 W PIKE PLAZA RD, INDIANAPOLIS, IN

  View Details
• 

  $2,100,000

  10,125 SF

  Free-Standing Retail Building Indianapolis

  10,125 SF retail building in thriving Indianapolis area.

  505 E. Thompson Rd., Indianapolis, IN 46227

  View Details
• 

  $1,499,999

  10,789 SF

  Keystone Avenue Redevelopment Opportunity

  1.63 acres with flexible zoning in evolving urban area.

  4498 North Keystone Avenue, Indianapolis, IN 46205

  View Details
• 

  $890,000

  4,672 SF

  Broad Ripple Commercial Opportunity

  Value-add commercial building in Broad Ripple with parking.

  710 E 52nd St, Indianapolis, IN 46205

  View Details
• 

  $3,500,000

  32,600 SF

  Three-Building Office Portfolio

  Multi-building office portfolio spanning three contiguous parcels, offered individually or together for multi-tenant or owner-user use.

  5101-5105 Madison Ave, Indianapolis, IN 46227

  View Details
• 

  $805,700

  5,673 SF

  Indianapolis Office Building Investment Opportunity

  5,673 SF office building for sale in Indianapolis.

  5218 S. East St., Indianapolis, IN 46227

  View Details

FAQs

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