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    5500 Thompson Rd Indianapolis, IN 46221

    For Sale
    $2,178,000

    Prime Indianapolis land, 22 acres, dual road access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 22-acre parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 5500 West Thompson Road, Marion County, zip code 46221 (latitude 39.6916527, longitude -86.2552062), this property boasts dual road access via Mann and Thompson Roads, offering significant development flexibility. The land is characterized by a rolling terrain with mature trees lining much of its perimeter, providing a natural aesthetic. The site is zoned DP, and the comprehensive plan suggests a density of 3.5 to 5 units per acre. This location benefits from its proximity to a major employment base centered around airport logistics, minimizing commute times for potential residents or employees. An existing extensive storm water system is already in place, streamlining development processes and reducing upfront infrastructure costs. The property's strategic location adjacent to I-465, with convenient access to both eastbound on-ramps and westbound off-ramps, ensures excellent connectivity. A signalized intersection at Mann and Thompson Roads further enhances accessibility. The presence of overhead high-tension lines presents an opportunity to incorporate green space and amenities into the development plan. The asking price for this substantial land parcel is $2,178,000. This property is suitable for both commercial and residential development.

    Property Features for 5500 Thompson Rd

    General Information

    Property type
    Land
    Lot Size
    958,320 SF

    HighLights

    • $2,178,000 asking price.
    • 22‑acre land parcel.
    • Commercial and residential zoning (DP).
    • Located at 5500 Thompson Rd, Indianapolis, IN 46221.
    • Access from Mann and Thompson Roads.
    • Mature trees along perimeter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2552062
    Latitude
    39.6916527

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    FAQs

    What type of property is this?
    Land - Prime Indianapolis land, 22 acres, dual road access.
    Where is this land located?
    The property is located at 5500 Thompson Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,178,000.
    What are key features of this property?
    This property features: $2,178,000 asking price.; 22-acre land parcel.; Commercial and residential zoning (DP).
    (317) 844-2700
    Request Owner's contact information
    5500 Thompson Rd Indianapolis, IN 46221
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    Indianapolis, IN 46221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5500 Thompson Rd Indianapolis, IN 46221
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