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10919 E 56th Street

Indianapolis, IN 46235

ActiveListed Oct 15, 2025 · 321 days on market

Key facts

Lot
9.795 acres
Type
Land · Unimproved Land
MLS #
22062385
County
Marion
Subdivision
No Subdivision

About this home

Two adjoining parcels totaling approximately 9.795 acres are available for sale or lease. Located at the southwest corner of East 56th Street and North German Church Road in northeast Indianapolis. This excellent location offers exceptional visibility, strong traffic counts, and convenient access to major commuter routes, making it ideal for residential or future commercial development with a zoning change. The first parcel, located at 5525 North German Church Road, consists of 4.3 acres of vacant land positioned prominently at the intersection of 56th Street and German Church Road. The site provides direct access to major corridors and is close to Geist Reservoir, Fort Harrison Park, and area shopping, dining, and schools. The second parcel, located at 10919 East 56th Street, includes 5.49 acres and currently features a brick farmhouse, a large all-steel commercial building with car lifts and full utilities, two smaller steel utility buildings, and an in-ground swimming pool. The property is beautifully landscaped with mature nut trees and borders scenic Indian Creek, offering a serene natural setting adjacent to Indian Creek Magnet Science School. Combined, these parcels present a rare opportunity in a rapidly growing corridor. The properties are ideally suited for future residential development such as condominiums or duplexes, or for potential commercial use pending zoning approval. Their strategic location, accessibility, and flexible potential make this an outstanding investment for developers or investors seeking growth in the northeast Indianapolis market.

Description provided by the listing brokerage.

Systems

Water
Public
Sewer
Public Sewer

Lot and HOA

Lot features
Corner LotStreet LightsMature TreesTrees-Small (Under 20 Ft)
Zoning
CURRENT USE RESIDENTIAL

Schools

School district
MSD Lawrence Township

Taxes

Estimated annual tax
$2,628 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$21,782per month, estimated
Principal and interest $20,163Property tax $219Insurance $1,400
20% · $800,000
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$4,000,000
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