Rezoning-Ready Residential Land
For Sale
$1,200,000
5616 Victory Drive, Indianapolis, IN 46203
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size2.50 Acres
Days on Market53
Property Features for 5616 Victory Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
dwelling agricultural
Elementary school
New Bethel Elementary
Elementary school district
Franklin Township Com Sch Corp
Middle school district
Franklin Township Com Sch Corp
High school district
Franklin Township Com Sch Corp
Directions
GPS Friendly
Subdivision
4906 - Marion - Franklin
Standard status
Active
APN
491034123013000300
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Sw1/4 Ne1/4 S34 T15 R4 Beg 495Ft E Of Sw Cor N660ft E 165Ft S 660Ft W 165Ft To Beg 2.5Ac
Legal Description
Pt Sw1/4 Ne1/4 S34 T15 R4 Beg 495Ft E Of Sw Cor N660ft E 165Ft S 660Ft W 165Ft To Beg 2.5Ac
Utilities
Water source
Well
Building Details
Year built
1940
Listing Agency:
Mike Watkins Real Estate Group
(317) 882-6453
Listed By:
Patrick Watkins · License #RB14036818
(317) 882-6453
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 31 at 11:06PM
MLS# 22112794
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Investment Insights
Based on property information with market context.
This 2.5-acre parcel is for sale as residential-zoned land, with a home on site. The property is described as the next parcel in line along the street that could be rezoned for commercial use, though rezoning would be required for any commercial development.
The property is located at 5616 Victory Drive in Indianapolis, Indiana, in Marion County. Public remarks note it is within a few minute drive of I-465.
Zoning is listed as “dwelling agricultural,” and the property is being marketed as a land option for buyers interested in pursuing rezoning for commercial use.
The property is located at 5616 Victory Drive in Indianapolis, Indiana, in Marion County. Public remarks note it is within a few minute drive of I-465.
Zoning is listed as “dwelling agricultural,” and the property is being marketed as a land option for buyers interested in pursuing rezoning for commercial use.
Key Highlights
- 2.5‑acre parcel with a home built in 1940
- Currently zoned residential; could be eligible for commercial zoning subject to rezoning
- Water source: well
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 2.5-acre parcel currently zoned residential, with potential for commercial rezoning on the street.
Where is this commercial land located?
The property is located at 5616 Victory Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2.5‑acre parcel with a home built in 1940; Currently zoned residential; could be eligible for commercial zoning subject to rezoning; Water source: well
