Corner Lot on Shelbyville
For Sale
$1,350,000
5133 Gray Road, Indianapolis, IN 46237
LAND - Indianapolis, IN
Lot Size8.21 Acres
Days on Market370
Property Features for 5133 Gray Road
General Information
Property type
Land
Property subtype
Other
Zoning
DA
Subdivision
No Subdivision
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Standard status
Active
APN
491504122002000500
Lot size
8.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Pt Nw1/4 S4 T14 R4 Beg 858' N 320.1' W & 646.8' N Of Se Cor P.O.B. W1016.57' N524.67' Se1060.04' S182.97' To Beg 8.206 Ac
Legal Description
Pt Nw1/4 S4 T14 R4 Beg 858' N 320.1' W & 646.8' N Of Se Cor P.O.B. W1016.57' N524.67' Se1060.04' S182.97' To Beg 8.206 Ac
Listing Agency:
Titan Real Estate, LLC
(317) 432-3061
Listed By:
Gary Boehle · License #RB14029275
(317) 432-3061
Added: Jul 28, 2025
Changed: Jun 22
Last Checked: Aug 1 at 8:06AM
MLS# 22053287
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an 8.21-acre unimproved corner lot located at an intersection with a stop light. The lot has frontage on Shelbyville Road. It is zoned DA. The property may be suitable for a school, church, park, or possibly a residential development, subject to appropriate approvals. Utilities are presumed to be available at the lot.
Key Highlights
- Large corner lot with high visibility due to stop light intersection.
- Significant frontage on Shelbyville Road.
- Ideal for development as a school, church, or park (subject to approvals).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 46237, IN
44,378
Population
17,660
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
89%
High-School Grad
14.7 sq mi
ZIP Area
3,019
Density / Sq Mi
$76,676
Median Household Income
$47,742
Median Earnings
$1,272
Median Rent
$216,300
Median Home Value
Market
Properties on Market for Land in Indianapolis
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - Large corner lot suitable for various developments with approvals.
Where is this land located?
The property is located at 5133 Gray Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Large corner lot with high visibility due to stop light intersection.; Significant frontage on Shelbyville Road.; Ideal for development as a school, church, or park (subject to approvals).
