Mixed-Use Land for Sale in Indianapolis, Indiana

5133 Gray Rd, Indianapolis, IN 46237

$1,350,000

8.2 acres

Active sale

Est $9,749/mo

Large corner lot at intersection with a stop light. Lots of frontage on Shelbyville Road. Would be ideal for a school, church, park or possibly a residential development, with appropriate approvals. Utilities presumed to be available at lot.

Location

Street address: 5133 Gray Rd
County: Marion County
Zip code: 46237
School district: Perry Township Schools
Elevation: 805 feet
Coordinates: 39.6921, -86.0965

Land for sale in Indiana

Property details

Acreage: 8.21 acres
Zoning: DA
MLS #: MIBOR 22053287
Posted: July 28, 202514 months ago

Property taxes

2024: $2,976

Parcels

491504122002000500

Legal description

Pt Nw1/4 S4 T14 R4 Beg 858' N 320.1' W & 646.8' N Of Se Cor P.O.B. W1016.57' N524.67' Se1060.04' S182.97' To Beg 8.206 Ac

Details and features

Listing

Type: Land
Zoning: Commercial

Lot

Features: Single Lot

Listing history

Date	Event	Price	Change	Source
June 23, 2026	Price drop	$1,350,000	$3,000 -0.2%	MIBOR
July 28, 2025	New listing	$1,353,000	—	MIBOR

Payment calculator

This 8.21-acre property is located at 5133 Gray Rd in Indianapolis, IN 46237. The land is available for sale, priced at $1,350,000 — $164,434 per acre.

Listed by Titan Real Estate, (317) 432-3061

Checked 1 hour agoUpdated Sept 25, 2026Source

Report listing issue

Contact listing agent Rules

By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.

Contact