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.
Active
Street View
Price cut: $3K (6/23)
$1,350,000
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
- 361 days |
- 147 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Gary Boehle 317-432-3061,
Titan Real Estate, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22053287
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: 362 days
- Listing terms: Sell Entity
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Price change | $1,350,000-0.2% |
Source:  MIBOR as distributed by MLS GRID #22053287 Report a problem | ||
| 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
Climate risks
Neighborhood: South Emerson
Nearby schools
GreatSchools rating
- NAJeremiah Gray KindergartenGrades: K-1Distance: 0.1 mi
- 6/10Southport Middle SchoolGrades: 7-8Distance: 1.4 mi
- 4/10Southport High SchoolGrades: 9-12Distance: 2.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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