Commercial Land with Approved
For Sale
Contact for pricing
Pending
4901 W 56th St, Indianapolis, IN 46254
Approved plans support a self-storage development with climate-controlled and non-climate-controlled units.
Property SizeContact for details
Days on Market471
Property Features for 4901 W 56th St
General Information
Standard status
Pending
Property subtype
Self Storage
Listing Agency:
Grandstone Investment Sales
Listed By:
Meir Perlmuter · License #BK3443325
Source:
Crexi
Added: May 22, 2025
Changed: Aug 30
Last Checked: Aug 31 at 9:08AM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
This 8.77-acre commercial land offering at 4901 W 56th St includes approved plans for a self-storage facility. The proposed project comprises 50,130 net rentable square feet with 564 total units, including 171 climate-controlled units and 393 non-climate-controlled units. Plans also provide for 136 outdoor parking spaces.
The property fronts W 56th St in Indianapolis, where traffic exceeds 16,000 vehicles per day. The surrounding population exceeds 90,000 within three miles and 200,000 within five miles. Average household income within five miles is approximately $81,000, while storage saturation measures 8.11 square feet per person within three miles and 6.5 square feet within five miles.
The property fronts W 56th St in Indianapolis, where traffic exceeds 16,000 vehicles per day. The surrounding population exceeds 90,000 within three miles and 200,000 within five miles. Average household income within five miles is approximately $81,000, while storage saturation measures 8.11 square feet per person within three miles and 6.5 square feet within five miles.
Key Highlights
- 8.77‑acre commercial land parcel with approved self‑storage development plans
- Proposed facility includes 50,130 net rentable square feet
- Unit mix includes 171 climate‑controlled and 393 non‑climate‑controlled units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 46254, IN
40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Approved plans support a self-storage development with climate-controlled and non-climate-controlled units.
Where is this commercial land located?
The property is located at 4901 W 56th St Indianapolis, IN.
What are key features of this property?
This property features: 8.77‑acre commercial land parcel with approved self‑storage development plans; Proposed facility includes 50,130 net rentable square feet; Unit mix includes 171 climate‑controlled and 393 non‑climate‑controlled units
