Commercial Land at Highway
3115 Madison Avenue, Indianapolis, IN 46227
For Sale
$975,000
The connected assemblage combines commercially and residentially zoned parcels across Madison Avenue and nearby streets.
Property Size52,000 SF
Price / SF$18.75
Days on Market413
Property Features for 3115 Madison Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
Today's Real Estate
Listed By:
Roger Poynter
(317) 441-7485
Source:
Estansiongroup
Added: Sep 23, 2025
Changed: Nov 7
Last Checked: Nov 8 at 7:25PM
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 Today's Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land offering comprises connected parcels along Madison Avenue, Bacon Street, and East Perry Street in Indianapolis. The property totals 52,000 square feet, or approximately 1.20 acres. Parcels at 3115–3125 Madison Avenue are commercially zoned, while the East Perry Street parcel carries C-5 zoning. Two additional lots on Bacon Street are zoned residential.
Madison Avenue meets Highway 31 at the nearby intersection. The listing estimates average traffic of 75,000 vehicles per day on the two roads.
Madison Avenue meets Highway 31 at the nearby intersection. The listing estimates average traffic of 75,000 vehicles per day on the two roads.
Key Highlights
- 52,000 square feet, approximately 1.20 acres
- Commercial zoning at 3115–3125 Madison Avenue
- C‑5‑zoned parcel at 510 E Perry St
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Commercial land in Indianapolis
Frequently Asked Questions
What type of property is this?
Commercial land - The connected assemblage combines commercially and residentially zoned parcels across Madison Avenue and nearby streets.
Where is this commercial land located?
The property is located at 3115 Madison Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 52,000 square feet, approximately 1.20 acres; Commercial zoning at 3115–3125 Madison Avenue; C‑5‑zoned parcel at 510 E Perry St
