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Commercial Land for Sale in Indianapolis, Indiana

5220 W Troy Ave, Indianapolis, IN 46241

$229,900
1.79 acres
Active
Est $1,717/mo

Exceptional commercial development opportunity just minutes from Indianapolis International Airport! This 1.8 acre parcel is zoned C-3 and ideally positioned for high visibility and accessibility on the city's growing southwest side. Located adjacent to a Phillips 66 convenience store and along a major corridor with a nearby IndyGo Blue Line bus stop, the level site offers strong traffic exposure and convenient public transit access. Designated as Community Commercial in the city's Comprehensive Plan, the property supports a wide range of retail and service-oriented uses including freestanding buildings and strip centers catering to neighborhood needs. Community Commercial Ideal Uses include Retail, restaurant, medical, service-based businesses, or strip center development. Just minutes from Indianapolis International Airport, I-465 and I-70 Location. Whether you're looking to serve the local community or capture city or airport-related traffic, 5220 W. Troy Ave offers outstanding potential for your next commercial project!

Location

Street address
5220 W Troy Ave
Community
Marion - Wayne
School district
MSD Wayne Township
Elevation
732 feet
Coordinates
39.7205, -86.2482

Property details

Acreage
1.79 acres
Zoning
C-3
MLS #
MIBOR 22028290
Posted

Parcels

  • 491119109008000900

Legal description

Details and features

Listing

Type
Land
Franchise
Keller Williams Realty

Listing history

DateEventPriceChangeSource
Mar 22, 2025New listing$229,900MIBOR
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This 1.79-acre property is located at 5220 W Troy Ave in Indianapolis, IN 46241. The property is available for sale for $229,900 with a price per acre of $128,436.

Checked 28 mins ago — Updated

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