Search
C-3 Mixed-Use Property
For Sale
Contact for pricing
Pending

5661 Madison Avenue, Indianapolis, IN 46227

Detached improvements support potential office or retail use under C-3 zoning.

Property Size480 SF
Days on Market143

Property Features for 5661 Madison Avenue

General Information

Standard status Pending
Size 480 SF
Property subtype Retail, Office
Zoning C-3

Amenities

gas fireplace
Listing Agency: RE/MAX Advanced Commercial
Listed By: Betty Strohm · License #IN RB14039174
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 31 at 12:55AM

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 RE/MAX Advanced Commercial

Investment Insights

Based on property information with market context.

This C-3-zoned mixed-use property includes a home and a detached 480-square-foot building. The zoning supports office or retail use, while the detached structure provides a separate improvement for commercial occupancy or workspace.

Interior updates include a newer furnace, gas fireplace, and updated flooring. The property is located at 5661 Madison Avenue in Indianapolis, Indiana 46227.

Key Highlights

  • C‑3 zoning supports office or retail use
  • Detached 480‑square‑foot building
  • Newer furnace

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Law Firm Parking Lot & Garage Real Estate Agency Dental Office Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

348
Businesses Nearby

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

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Detached improvements support potential office or retail use under C-3 zoning.
Where is this mixed-use property located?
The property is located at 5661 Madison Avenue Indianapolis, IN.
What are key features of this property?
This property features: C‑3 zoning supports office or retail use; Detached 480‑square‑foot building; Newer furnace
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message