$229,900

5220 W Troy Ave Indianapolis, IN 46241

Mars Hill Neighborhood

Estimated payment $1,423/month

Total Views 10,017
1.79 Acres
$128,436 Price per Acre
77,972 Sq Ft Lot

Highlights

  • 1.79 Acre Lot
  • No HOA
  • Property is near a bus stop
  • Ben Davis University High School Rated A

About This Lot

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!

Listing Agent

Sharon Thompson

Keller Williams Indy Metro NE Brokerage Email: sharonthompson@kw.com License #RB14044406 Listed on: 03/21/2025

Keller Williams Indy Metro NE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,166

Lot Details

  • 1.79 Acre Lot
  • Additional Parcels

Location

  • Property is near a bus stop

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 49-11-19-109-008.000-900/49-11-30-116-008.000-200 00000000000
  • Assessor Parcel Number 491119109008000900

Property Details

Property Type

Land

Est. Annual Taxes

$2,166

Lot Details

0

Listing Details

  • Type: Undeveloped
  • Property Sub Type: Commercial Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 1.79
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Public Transportation: Yes
  • MBR_AttributionContact: sharonthompson@kw.com
  • Attribution Contact: sharonthompson@kw.com
  • Special Features: None

Exterior Features

  • List Price: 229900
  • Other Structures: Not Applicable
  • Topography: Cleared,Level
  • View Y N: No
  • Waterfront: No
  • Road Access: Frontage Road
  • Water: Not Applic

Utilities

  • Sewer: Not Applicable
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Busline, See Remarks
  • Additional Parcels Description: Land
  • Additional Parcels: Yes
  • Current Use: See Remarks
  • Development Status: NoStatus
  • Horse Amenities: None
  • Lot Size Sq Ft: 78147
  • Number Of Lots: 2
  • Parcel Number: 491119109008000900
  • Zoning: C-3
  • Acres: 1-3 Acres
  • Land Characteristics: See Remarks
  • Present Zoning: Commercial
  • Price Acre: 128436
  • Soil Type: Not Applic
  • Divisible: No

Tax Info

  • Tax Annual Amount: 2166
  • Tax Lot: 49-11-19-109-008.000-900/49-11-30-116-008.000-200 00000000000
  • Semi Annual Property Tax Amt: 1083

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $978 $29,200 $29,200 --
2023 $978 $29,200 $29,200 $0
2022 $978 $29,200 $29,200 $0
2021 $981 $26,500 $26,500 $0
2020 $980 $26,500 $26,500 $0
2019 $981 $26,500 $26,500 $0
2018 $888 $26,500 $26,500 $0
2017 $888 $26,500 $26,500 $0
2016 $127 $3,800 $3,800 $0
2014 $114 $3,800 $3,800 $0
2013 $114 $3,800 $3,800 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 For Sale $229,900 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $85,000 --
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $5,000,000 Construction
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22028290

MIBOR Broker Listing Cooperative®

APN: 49-11-19-109-008.000-900

Indiana Marion County Indianapolis 46241 Mars Hill

5220 W Troy Ave, Indianapolis, IN

This home is located at 5220 W Troy Ave, Indianapolis, IN 46241 and is currently priced at $229,900. 5220 W Troy Ave is a home located in Marion County with nearby schools including Stout Field Elementary School, Lynhurst 7th & 8th Grade Center, and Ben Davis University High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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Sharon Thompson
Listing Agent
Sharon Thompson
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Keller Williams Indy Metro NE
(317) 548-1473