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.

310 days

176

0

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: $109,100
Annual tax amount: $2,976
Date on market: 7/28/2025
Cumulative days on market: 311 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
8/9/2018	Pending sale	$400,000
Source: OK Baird, LLC #21545123 Report a problem
2/7/2018	Listed for sale	$400,000+2.6%
Source: OK Baird, LLC #21545123 Report a problem
2/13/2017	Listing removed	$390,000
Source: OK Baird, LLC #21448496 Report a problem
10/14/2016	Price change	$390,000+33.3%
Source: OK Baird, LLC #21448496 Report a problem
7/13/2016	Listed for sale	$292,500-33.9%
Source: OK Baird, LLC #21448496 Report a problem
5/17/2016	Listing removed	$442,500
Source: OK Baird, LLC #21353822 Report a problem
2/22/2016	Listed for sale	$442,500
Source: MIBOR REALTOR Association #21353822 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,976 +2.9%	$109,100 -6.7%
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%
2021	$2,269 +90.2%	$88,700 +2.1%
2020	$1,193 +3.3%	$86,900 +91.4%
2019	$1,154 -1.9%	$45,400 +2.3%
2018	$1,177 -2.7%	$44,400 -1.8%
2017	$1,209 -33%	$45,200 +1.1%
2016	$1,805 +38.6%	$44,700 -16.8%
2014	$1,302 +5.6%	$53,700 +3.7%
2013	$1,233	$51,800 -25.7%
2012	$1,233	$69,700 +6.3%
2011	--	$65,600 +0.8%
2010	$1,317 +1.1%	$65,100 +0.3%
2009	$1,302	$64,900 -7%
2007	--	$69,800

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

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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