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Improved Mixed-Use Land for Sale in Indianapolis, Indiana

3604 Madison Ave, Indianapolis, IN 46227

$790,000
3 acres
Active sale
$10k drop
Est $4,287/mo

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.

7,800
Sq feet
1996
Built

Location

Street address
3604 Madison Ave
Community
Marion - Perry
School district
Perry Township Schools
Elevation
732 feet
Coordinates
39.7133, -86.1458

Property details

Acreage
3 acres
Zoning
C-3
MLS #
MIBOR 22068061
Posted

Parcels

  • 491125109002000570

Legal description

Details and features

Listing

Type
Commercial Sale
Subtype
Single Family Residence

Exterior

Parking
Guest
Fencing
Fenced
Features
Fencing

Listing history

DateEventPriceChangeSource
Feb 17, 2026Price drop$790,000$10,000 -1.3%MIBOR
Oct 24, 2025New listing$800,000MIBOR
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This 3-acre property is located at 3604 Madison Ave in Indianapolis, IN 46227. The property is available for sale for $790,000. It has a 7,800 sq ft structure built in 1996.

Checked 2 hours ago — Updated

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