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5201 Madison Avenue

Indianapolis, IN 46227

ActiveListed Aug 10, 2026 · 1 day on market

Key facts

Living area
3,300 sqft
Lot
0.38 acres
Year built
1920
Type
Commercial Sale · Business
MLS #
22119285
County
Marion
Total building area
3,300 sqft

About this home

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

Description provided by the listing brokerage.

Systems

Utilities
Cable AvailableElectricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
C-3

Schools

School district
Perry Township Schools

Taxes

Estimated annual tax
$3,796 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,446per month, estimated
Principal and interest $1,991Property tax $316Insurance $138
20% · $79,000
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$395,000
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