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5133 Gray Road

Indianapolis, IN 46237

ActiveListed Jul 28, 2025 · 425 days on market

Key facts

Lot
8.21 acres
Type
Land · Unimproved Land
MLS #
22053287
County
Marion
Subdivision
No Subdivision

About this home

Large corner lot at intersection with a stop light. Lots of frontage on Shelbyville Road. Would be ideal for a school, church, park or possibly a residential development, with appropriate approvals. Utilities presumed to be available at lot.

Description provided by the listing brokerage.

Exterior

Other structures
Tenant House

Systems

Sewer
See Remarks

Lot and HOA

Zoning
DA

Schools

School district
Perry Township Schools

Taxes

Estimated annual tax
$2,976 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$7,526per month, estimated
Principal and interest $6,805Property tax $248Insurance $473
20% · $270,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,350,000
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