5201 Madison Avenue Indianapolis, IN ^$ 395,000

5201 Madison Avenue

^$ 395,000

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5201 Madison Avenue

Indianapolis, IN, 46227

^$ 395,000

Bedrooms-- Baths-- Sq 3,300

Monthly Estimate*

^$ 2,728

5201 Madison Avenue, Indianapolis, IN 46227 - Image 1

5201 Madison Avenue, Indianapolis, IN 46227 - Image 2

5201 Madison Avenue, Indianapolis, IN 46227 - Image 3

Commercial Property for sale in Indianapolis, IN

for $395,000. This 3,300 square foot building was built in 1920 on a lot size of 0.38.

Office building located in Greenwood, currently rented to a church @$3,000/month. Great opportunity for any investor or future business owner.

Commercial Active

Price

^$ 395,000

Property Type

Commercial

Taxes

^$ 3,796

Style

Business

Lot Size

0.38

Year Built

1920

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22119285

Features

General

Utilities Cable Available Electricity Connected Sewer Connected Water Connected

Possession Closing

Zoning C-3

Year Built 1920

Electric 100 Amp Service

Stories Count 1

Township Perry

Property Subtype Business

Tax Year 2025

Current Use Church

Building Name NO SUBDIVISION

County Marion

New Construction N

Property Type Commercial Sale

Possible Use Church Medical/Dental Office Retail

Status Active

Directions GPS Friendly

City Indianapolis

High School District Perry Township Schools

MLS Area 4907 - Marion - Perry

Lot Size Square Feet 16620

Standard Status Active

Tax Lot 4

Legal Description Pt L4 Stantons Madison Av Add Beg Nw Cor L4 P.O.B. E214.91' S81' W195.26' Nw83.32' To Beg .381 Ac

Exterior

Building Area Total 3300

Lot Size Acres 0.38

* Excluded Features

List By

My Agent

Broker

scott@propertypogo.com

Affordability Calculator

$3,045

Per Month

Monthly Principal & Interest: $2,728
Monthly Property Taxes: $316
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Commerical listings in Indianapolis, IN

Average List Price ^$885,848

Percent of Sale Price 124%

About Indianapolis, IN

843,184 Population

8% Since 2002

^$43,160 Median Income

35.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4044910 Elementary School

4044906 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/11/2026	$395,000		Listed Price

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5201 Madison Avenue, Indianapolis, IN, 46227 is a Commercial Property for sale at $395,000 with 3,300 sqft and a lot size of 0.38. 5201 Madison Avenue was built in 1920. The property's zip code is 46227 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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5201 Madison Avenue

Commercial Property for sale in Indianapolis, IN

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