955 Oliver Avenue Indianapolis, IN $ 850,000
955 Oliver Avenue
$ 850,000
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955 Oliver Avenue

Indianapolis, IN, 46221
$ 850,000
Bedrooms-- Baths-- Sq 11,723

Monthly Estimate*

$ 5,871

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Commercial Property for sale in Indianapolis, IN

for $850,000. This 11,723 square foot building was built on a lot size of 0.45.

955 Oliver Avenue presents a rare opportunity to acquire a highly visible church property positioned directly in the path of one of Indianapolis' most significant transformational developments. Located just across the street from Elanco's Global Headquarters, this property sits within the rapidly evolving Near West / Downtown Indianapolis redevelopment corridor where billions of dollars of public and private investment are reshaping the area. The new Elanco campus is serving as a catalyst for substantial residential, commercial, infrastructure, and mixed-use development throughout the surrounding neighborhood, creating exceptional long-term redevelopment potential and increasing demand for strategically located real estate. The property offers immediate access to Downtown Indianapolis, I-65, I-70, and major employment centers, placing it in the center of a corridor experiencing unprecedented growth and reinvestment. As the Near West side continues its transformation into a premier live-work-play destination, 955 Oliver Avenue is uniquely positioned to benefit from rising property values, increased neighborhood activity, and future redevelopment opportunities. Whether for continued religious use, community-oriented operations, institutional use, or a visionary redevelopment project, this property represents a compelling chance to secure a prominent site in one of Indianapolis' fastest-changing urban districts.

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Commercial Active

Price

$ 850,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

0.45

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22110775

Features
General
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Zoning C-1
Stories Count 1
Township Center
Property Subtype Business
Tax Year 2024
Current Use Church
Building Name New Zion Church
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 19609
Additional Parcels Y/N N
Standard Status Active
Tax Lot 49-11-11-193-005.000-101
Legal Description Irr Tr Se Cor Of Oliver & Drover Pt Nw1/4 Sw1/4 S11t15 R3 & Pt Sw1/4 Ex 10Ft Se Side .45Ac
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Exterior
Parking Features Other
Building Area Total 11723
Lot Size Acres 0.45
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* Excluded Features
List By
Berkshire Hathaway Home

Broker

rsusemichel@bhhsin.com

Email

Affordability Calculator

$5,871
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,871
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/27/2026$850,000 Listed Price

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955 Oliver Avenue, Indianapolis, IN, 46221 is a Commercial Property for sale at $850,000 with 11,723 sqft and a lot size of 0.45. The property's zip code is 46221 which is in Indianapolis, IN