Commercial Land for Sale in Indianapolis, Indiana
5209 Massachusetts Ave, Indianapolis, IN 46218
Amazing value-add opportunity for local grocery store and mobile home park! Total land is 9 acres, including the plot with the retail space. 50 permitted lots and license is Active. 10 active tenants paying $350/month. All tenants are month to month. Property is zoned I-2 and offers entrances off of Mass Ave or 30th St. Chucks Market and MHP has been in operation for 50 years and is a staple in this food desert. There is a small creek that runs through the property. Flood insurance is not required. The owner has been a fixture in the community for 50 years and is highly valued by residents. A visit to the market will hundreds of photos of regular customers throughout the market.
Location
- Street address
- 5209 Massachusetts Ave
- County
- Marion County
- Community
- Marion - Warren
- School district
- Indianapolis Public Schools
- Elevation
- 814 feet
Property details
- Acreage
- 7 acres
- Zoning
- I2
- MLS #
- MIBOR 21986169
- Posted
Parcels
- 490722111002000701
Legal description
PT SW1/4 SW1/4 S22 T16 R4 BEG 1326.2FT E & 45FT N SW COR N 200FT W 170FT N 413.36FT TO C/L SR 67 SW ON C/L SR 67 1175FT E 735.19FT N 25FT NE IRR 183.93FT SE 204.4FT E 26.2FT TO BEG 8.068AC
Resources
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Industrial
- Franchise
- Keller Williams Realty
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 2, 2025 | Price drop | $950,000 | $300,000 -24% | MIBOR |
| July 11, 2025 | Price drop | $1,250,000 | $150,000 -10.7% | MIBOR |
| Apr 10, 2025 | Back on market | $1,400,000 | — | MIBOR |
| Oct 22, 2024 | Under contract | $1,400,000 | — | MIBOR |
| Aug 2, 2024 | Price increase | $1,400,000 | $400,000 40% | MIBOR |
| June 21, 2024 | New listing | $1,000,000 | — | MIBOR |
