5133 Gray Rd, Indianapolis, IN 46237

--beds

--baths

8.21Acres

Unimproved Land

Built in ----

8.21 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Large corner lot

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.

164 days

120

2

Facts & features

Property

Lot

Size: 8.21 Acres
Features: Corner, Irregular Lot, Mature Trees
Topography: Flood Plain Partial,See Remarks

Details

Additional structures: Tenant House
Parcel number: 491504122002000500
Zoning: DA
Zoning description: Commercial
Horse amenities: None

Utilities & green energy

Sewer: See Remarks
Water: See Remarks

Community & HOA

Community

Subdivision: No Subdivision

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $116,900
Annual tax amount: $2,976
Date on market: 7/28/2025
Cumulative days on market: 166 days
Listing terms: Sell Entity
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/28/2025	Listed for sale	$1,353,000+493.4%
Source: MIBOR as distributed by MLS GRID #22053287 Report a problem
1/22/2019	Sold	$228,000-23.7%
Source: Public Record Report a problem
11/27/2018	Pending sale	$299,000
Source: OK Baird, LLC #21545123 Report a problem
10/29/2018	Price change	$299,000-25.3%
Source: OK Baird, LLC #21545123 Report a problem
10/11/2018	Listed for sale	$400,000
Source: OK Baird, LLC #21545123 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,891 +10.9%	$116,900 +2.8%
2023	$2,606 +13.2%	$113,700 +11.6%
2022	$2,302 +1.4%	$101,900 +14.9%

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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