
Improved Mixed-Use Land for Sale in Indianapolis, Indiana
3604 Madison Ave, Indianapolis, IN 46227
High-visibility 3-acre C-3 commercial site on Madison Avenue - one of Indianapolis's premier south-side corridors with average daily traffic exceeding 20,000 vehicles and direct access to I-465. The land offers exceptional development and operational potential with expansive fenced yard space, gravel drive, and full utility connectivity including electric, public sewer, water, and well. The site includes a 3,000 SF metal warehouse (built 1996) featuring 16-ft peak / 12-ft perimeter ceilings and a fully operational overhead loading bay, plus a secondary structure (built 1980) suitable for office or storage use - totaling 7,800 SF of usable building space. Chain-link fencing provides perimeter security with ample room for equipment staging, fleet parking, or outdoor operations. Perfectly positioned for contractors, trucking and fleet operators, automotive businesses, light industrial users, or wholesale and distribution operations. Owner-occupant and investor inquiries welcome. Quick access to downtown Indianapolis and the I-465 loop.
Location
- Street address
- 3604 Madison Ave
- County
- Marion County
- Community
- Marion - Perry
- School district
- Perry Township Schools
- Elevation
- 732 feet
Property details
- Acreage
- 3 acres
- Zoning
- C-3
- MLS #
- MIBOR 22068061
- Posted
Parcels
- 491125109002000570
Legal description
Pt Se1/4 S25 T15 R3 Beg 714.25' Se Of N/L Of Cl Rd P.O.B. Se352.18' W461.1' N330.38' W332.75' E332.75' 3Ac
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Single Family Residence
Exterior
- Parking
- Guest
- Fencing
- Fenced
- Features
- Fencing
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 17, 2026 | Price drop | $790,000 | $10,000 -1.3% | MIBOR |
| Oct 24, 2025 | New listing | $800,000 | — | MIBOR |













