Prime Retail/Medical Land
For Sale
$550,000
5901 E Thompson Rd., Indianapolis, IN 46237
2.08 acres ideal for retail or medical development.
Property Size2 SF
Price / SF$275,000
Days on Market331
Property Features for 5901 E Thompson Rd.
General Information
Standard status
Active
Size
2 SF
Property subtype
Land
Listing Agency:
Premier Commercial TCN Worldwide Real Estate
(317) 997-9362
Listed By:
Pete Alveal · License #IN123455
(317) 997-9362
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Aug 19
Last Checked: Aug 21 at 4:25AM
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 Premier Commercial TCN Worldwide Real Estate
Investment Insights
Based on property information with market context.
This 2.08-acre land opportunity is available for sale at the southwest quadrant of E. Thompson Rd. & S. Arlington Ave. in Franklin Township, on the southeast side of Indianapolis. The location offers exceptional opportunities for retail or medical center tenants. A 17,000+/- SF medical/commercial multi-tenant development is currently preleasing, with build-to-suit opportunities available. The property boasts over 250' of frontage on E. Thompson Rd. & Arlington Ave., along with an access road to/from Arlington Ave. that facilitates seamless north/south transit. The zoning is C-1 & C-3. The location is suitable for medical providers, retailers, and restaurant users, with strong demographics and traffic counts. Area neighbors include CVS, Village Pantry, Dollar General, and local restaurants, retail services, and medical/dental offices. Kroger Marketplace, Walmart Supercenter, Lowes, and VASA Fitness are all nearby. The property is positioned within a community-oriented retail hub in close proximity to Emerson Ave. & I-465, and near Greenwood Park Mall & Franciscan Health Indianapolis.
Key Highlights
- Prime location at the SWQ of E. Thompson Rd. & S. Arlington Ave. in Franklin Township, Indianapolis.
- 2.08 Acres available for sale with C‑1 & C‑3 Zoning.
- Boasts over 250' of frontage on E. Thompson Rd. & Arlington Ave. with access road to Arlington Ave.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
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
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.08 acres ideal for retail or medical development.
Where is this commercial land located?
The property is located at 5901 E Thompson Rd. Indianapolis, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime location at the SWQ of E. Thompson Rd. & S. Arlington Ave. in Franklin Township, Indianapolis.; 2.08 Acres available for sale with C‑1 & C‑3 Zoning.; Boasts over 250' of frontage on E. Thompson Rd. & Arlington Ave. with access road to Arlington Ave.
