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3115 Madison Avenue

Indianapolis, IN 46227

ActiveListed Sep 23, 2025 · 366 days on market

Key facts

Living area
52,000 sqft
Lot
1.2 acres
Type
Commercial Sale · Business
MLS #
22064710
County
Marion
Total building area
52,000 sqft

About this home

Prime Commercial Real-estate ( FOR SALE ) On the southside of Indianapolis, Where two Major HWY's Connect at the intersection at ( Madison Ave & HWY 31 ) Just south of troy on the east side of the road, A WHOLE CITY BLOCK. Starts at Perry St and 3125 Madison Ave and goes North on Madison Ave to 3115 Madison Ave to the next street which is Bacon St. Then turn right on Bacon & there is a single vacant lot on the right side address is 600 Bacon and another Double vacant lot next to it 509 Bacon. Both Zoned Residential, There is another Vacant lot 510 e Perry St Single lot Zoned C-5... All of this property connects ( 3115-3125 ZONE COMMERRCIAL ) 510 E PERRY IS ALSO C-5. The other 2 lots are Residential. 1.20 ACRES + OR - !!! Both Madison Ave & HWY 31, TWO Major roads Join together that see's an Estimated 75,000 THOUSAND Vehicle's A DAY !!! On a average. Great Potential for any Business.

Description provided by the listing brokerage.

Systems

Utilities
Electricity ConnectedNatural Gas AvailableWater Connected

Lot and HOA

Zoning
Commercial

Schools

School district
Perry Township Schools

Taxes

Estimated annual tax
$2,858 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$5,494per month, estimated
Principal and interest $4,915Property tax $238Insurance $341
20% · $195,000
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$975,000
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