Key facts
- Lot
- 0.86 acres
- Type
- Land · Unimproved Land
- MLS #
- 22099161
- County
- Madison
- Subdivision
- No Subdivision
About this home
A business plan can be proposed and offered. Just Ask! Take advantage of the opportunity to own a commercial lot located directly on Indiana State Road 9-a high-traffic, high-visibility corridor ideal for new development. This strategically positioned property currently generates annual income of $2,500 through an existing sign lease already in place, offering immediate cash flow. There is also potential for increased revenue, as the lease is set to expire in May 2027 and may be renegotiated to an estimated $7,500-$9,000 per year. Located in a rapidly growing area, the property is surrounded by visible ongoing development and established businesses, highlighting its strong potential for future value and success. As part of a larger parcel, the lot also provides the flexibility to expand by combining with adjacent space-making it a perfect fit for businesses with bigger growth plans. For additional expansion opportunities, refer to neighboring listing ID: 22097204.
Description provided by the listing brokerage.
Exterior
- Other structures
Systems
- Sewer
Lot and HOA
- Zoning
- General Commercial
Schools
- Middle school
- Lapel Middle School
- School district
- Frankton-Lapel Community Schools
Taxes
- Estimated annual tax
- $36 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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