5500 Thompson Rd Indianapolis, IN 46221
- Land
- 22.00 lot acres
Current Use by Public Records
- Land
Property Details for 5500 Thompson Rd
- Lot size
- 22.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.2552
- Latitude
- 39.6917
