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Prime Commercial Land Opportunity

5220 W Troy Ave, Indianapolis, IN 46241

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For Sale

$229,900

1.8-acre commercial land near Indianapolis Airport, zoned C-3.

Type:Land

Lot size:

1.79 Acres

HighLights

Prime location minutes from Indianapolis International Airport, I‑465, and I‑70.
Zoned C‑3, supporting a wide range of retail and service‑oriented uses.
High visibility and accessibility on the growing southwest side of the city.
Strong traffic exposure along a major corridor.
Adjacent to a Phillips 66 convenience store and near an IndyGo Blue Line bus stop.
Level 1.8 acre parcel designated Community Commercial in the city's Comprehensive Plan.

We can help!

Listing Contact

Sharon Stamper Thompson

For Sale

$229,900

1.8-acre commercial land near Indianapolis Airport, zoned C-3.

Type:Land

Lot size:

1.79 Acres

Added:: Mar 21, 2025
Days on Market:: 450
Last Refresh:: Jan 20 at 10:10 am

Property Features for 5220 W Troy Ave

General Information

Standard status: Active
Lot size: 1.79 Acres
Property subtype: Land

We can help!

Listing Contact

Sharon Stamper Thompson

Listing agent Sharon Stamper Thompson License #RB14044406

Listing office Keller Williams Indy Metro NE

Listing date Mar 21, 2025

Source Exprealty

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 Indy Metro NE

HighLights

Prime location minutes from Indianapolis International Airport, I‑465, and I‑70.
Zoned C‑3, supporting a wide range of retail and service‑oriented uses.
High visibility and accessibility on the growing southwest side of the city.
Strong traffic exposure along a major corridor.
Adjacent to a Phillips 66 convenience store and near an IndyGo Blue Line bus stop.
Level 1.8 acre parcel designated Community Commercial in the city's Comprehensive Plan.

Overview

This 1.8-acre commercial land parcel, zoned C-3, presents a development opportunity on the growing southwest side of the city. The level site benefits from high visibility and accessibility, situated along a major corridor and adjacent to a Phillips 66 convenience store. An IndyGo Blue Line bus stop is located nearby, providing convenient public transit access. The property is designated as Community Commercial in the city's Comprehensive Plan, supporting a range of retail and service-oriented uses, including freestanding buildings and strip centers catering to neighborhood needs. Ideal uses include retail, restaurant, medical, and service-based businesses, or strip center development. The location is just minutes from Indianapolis International Airport, I-465, and I-70, offering potential to serve the local community or capture city and airport-related traffic.

Property Profile Location Intelligence

Current Use by Public Records

Joe's Junction Grocery & Convenience Store Laundry (Bike/Boat/Book/etc) Store Phillips 66 Gas Station ATM (Joe's Junction) Atm LibertyX Bitcoin ATM Atm

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.2495
Latitude: 39.7203

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For sale
Commercial land
IN
Indianapolis
46241
5220 W Troy Ave

What type of property is this?

Commercial land - 1.8-acre commercial land near Indianapolis Airport, zoned C-3.

Where is this commercial land located?

The property is located at 5220 W Troy Ave 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: Prime location minutes from Indianapolis International Airport, I‑465, and I‑70.; Zoned C‑3, supporting a wide range of retail and service‑oriented uses.; High visibility and accessibility on the growing southwest side of the city.

5220 W Troy Ave, Indianapolis, IN 46241

1.8-acre commercial land near Indianapolis Airport, zoned C-3.

Property Features for 5220 W Troy Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Value-Add Commercial Opportunity in Indianapolis

Hard-Corner Retail/Office Building

Freestanding Office Building on Shadeland

Freestanding Office Building on Shadeland

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Keystone Avenue Redevelopment Opportunity

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