5220 W Troy Avenue
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5220 W Troy AvenueIndianapolis, IN 46241


Active
$229,900
Asking Price
1.79
Ac Lot

5220 W Troy Avenue Indianapolis, IN 46241


Commercial LandProperty Type
115 daysTime on Dwellane
$128,436Price per acre
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!

Approximate location on a geospatial gridWest Indy
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Buyer Blueprint

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City

Indianapolis

Type

Commercial Land

Neighborhood

Wayne Township

County

Marion

Lot Size

1.79 ac / 78,147 sqft

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Listing Agent

Listing Provider

Keller Williams Indy Metro NE

MLS #

22028290

Source

MIBOR as distributed by MLS GRID

Last Modified

Sat Apr 26 2025

Listed on

Fri Mar 21 2025


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Wayne Township

Approximate location on a geospatial gridWest Indy
Wayne Township media

Wayne Township, located on the west side of Indianapolis, offers a wide mix of residential neighborhoods, green spaces, and access to city amenities. Bounded roughly by Eagle Creek to the north and extending toward the Indianapolis International Airport in the southwest, this large township encompasses several well-known areas, including parts of Speedway and Chapel Hill. Its central location provides residents with convenient access to downtown Indianapolis while also offering a variety of housing options that include older established neighborhoods and newer residential developments.

Outdoor enthusiasts can enjoy a range of parks and trails throughout the township. Eagle Creek Park, one of the largest municipal parks in the country, lies just to the north and provides year-round opportunities for hiking, boating, and birdwatching. Krannert Park offers additional recreation with sports facilities and an indoor pool, while smaller parks like Ben Davis Park and Thatcher Park provide space for playgrounds, trails, and community programming.

Wayne Township is also home to a number of dining and shopping destinations, especially along Rockville Road and near Speedway’s Main Street. Local favorites include Mug-n-Bun for classic drive-in fare and Dawson’s on Main for a sit-down meal just blocks from the Indianapolis Motor Speedway. The area is supported by an active network of community organizations, libraries, and local businesses, offering residents practical amenities and a strong sense of connection across neighborhoods.

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