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5133 Gray Road, Indianapolis, IN 46237

No Subdivision · Marion County

Key Facts

8.21Lot (acres)

Description

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.

Property Information

Property Type

Land

Sub-Type

Unimproved Land

Lot Size

8.21 acres

Zoning

DA

Days on Market

330

MLS® Listing#

22053287

Property Features

Lot Features

Corner LotIrregular Lot

Financial Details

Parcel Number

491504122002000500

Directions

GPS Friendly

Affordability Calculator

$270,000

Estimated monthly payment

$7,185/mo

Principal $1,080,000 · Est. interest $1,506,696 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Indianapolis, IN

$275,725
Median Listing Price
54
Median Days on Market
1,632
Median Sq Ft
$159
Median Price / Sq Ft
3,260
Active Listings
  • This home’s price is 390% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Indianapolis, IN.

Location

Map showing the location of 5133 Gray Road, Indianapolis, IN 46237

Getting Around

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Points of Interest in Indianapolis, IN

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Nearby Schools

  • Jeremiah Gray Pta

    Elementary · 0.1 mi away

  • Roncalli High School

    Secondary · 0.6 mi away

  • St Jude

    School · 0.7 mi away

  • South Grove Intermediate School

    Secondary · 1.0 mi away

  • Clinton Young Elementary School

    Elementary · 1.2 mi away

  • Kid City USA - Beech Grove 4521

    School · 1.2 mi away

  • Southport 6th Grade Academy

    School · 1.4 mi away

  • Southport Middle School

    Secondary · 1.4 mi away

  • Independent Nazarene Church

    School · 1.6 mi away

  • Beech Grove City Schools

    Secondary · 1.7 mi away

  • Hornet Park Elementary School

    Elementary · 1.7 mi away

  • Arlington Elementary School

    Elementary · 1.8 mi away

  • Calvary Christian School

    School · 1.8 mi away

  • Lutheran High School

    Secondary · 1.8 mi away

  • Skyrise School of Beech Grove

    School · 2.1 mi away

  • Central Elementary School

    Elementary · 2.1 mi away

  • Rise Learning Center

    School · 2.2 mi away

  • Reppert Auction School

    School · 2.3 mi away

  • Beech Grove Middle School

    Secondary · 2.3 mi away

  • Southport Elementary School

    Elementary · 2.5 mi away

Commute Calculator

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Nearby Homes

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in Indianapolis

Listing Courtesy: Titan Real Estate, LLC - Gary@TitanREalestateindy.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2025-07-28

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Data provided by MIBOR. MLS® Listing#22053287. © 2026EXIT Realty®. All rights reserved.