Commercial Land with Lighted
For Sale
$499,000
7620 Us 31s, Indianapolis, IN 46227
SINGLE_FAMILY - Indianapolis, IN
Property SizeContact for details
Lot Size0.41 Acres
Days on Market389
Property Features for 7620 Us 31s
General Information
Property type
Residential
Property subtype
Office
Zoning
C-1
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Subdivision
4907 - Marion - Perry
Standard status
Active
APN
491413126013000500
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
100Ft W/L Rd 31 200Ft N/L Beg 105Ft S Of N/Le1/2 Se1/4 S13 T14 R3 0.409Ac
Legal Description
100Ft W/L Rd 31 200Ft N/L Beg 105Ft S Of N/Le1/2 Se1/4 S13 T14 R3 0.409Ac
Utilities
Cooling system
Central Air
Building Details
Year built
1952
Listing Agency:
Indiana Real Estate Group, LLC · HomeSmart International
(317) 889-9999
Listed By:
Phillip Hawkins · License #RB14037719
(317) 889-9999
Added: Jul 17, 2025
Changed: Jun 16
Last Checked: Aug 9 at 6:06PM
MLS# 22051357
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 offering includes commercial land for sale at 7620 US 31S. The site features a 25-foot tall lighted pylon sign intended to support visibility for commercial development. The listing notes the seller is broker owned and references related terms under a preferred bundled sale with another listing.
The parcel is positioned with 319 feet of frontage on US 31S, with a total site area described as approximately 1.5 acres (+/-) in the public remarks. The posted lot size is 0.41 acres. Zoning is identified as C-1.
For users and developers looking for a C-1 site on a major corridor, the combination of illuminated pylon signage and substantial US 31S frontage can support retail, service, or other commercial uses consistent with the zoning framework. The seller’s preference is to sell this property together with BLC #22051337, which prospective buyers should review when evaluating packaging, timing, and site control.
The parcel is positioned with 319 feet of frontage on US 31S, with a total site area described as approximately 1.5 acres (+/-) in the public remarks. The posted lot size is 0.41 acres. Zoning is identified as C-1.
For users and developers looking for a C-1 site on a major corridor, the combination of illuminated pylon signage and substantial US 31S frontage can support retail, service, or other commercial uses consistent with the zoning framework. The seller’s preference is to sell this property together with BLC #22051337, which prospective buyers should review when evaluating packaging, timing, and site control.
Key Highlights
- 1.5 acres +/-, with 319 ft frontage on US 31S
- 25' tall lighted pylon sign on the property
- Central air cooling
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-1 zoned commercial land with a 25-foot illuminated pylon sign and extensive US 31S frontage.
Where is this office building located?
The property is located at 7620 Us 31s Indianapolis, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1.5 acres +/-, with 319 ft frontage on US 31S; 25' tall lighted pylon sign on the property; Central air cooling
