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  • $4,000,000

    10919 E 56th St, Indianapolis, IN 46235

    --beds
    --baths
    9.8Acres
    Unimproved Land
    Built in ----
    9.8 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Strong traffic countsBorders scenic indian creekExceptional visibilityStrategic location
    Two adjoining parcels totaling approximately 9.795 acres are available for sale or lease. Located at the southwest corner of East 56th Street and North German Church Road in northeast Indianapolis. This excellent location offers exceptional visibility, strong traffic counts, and convenient access to major commuter routes, making it ideal for residential or future commercial development with a zoning change. The first parcel, located at 5525 North German Church Road, consists of 4.3 acres of vacant land positioned prominently at the intersection of 56th Street and German Church Road. The site provides direct access to major corridors and is close to Geist Reservoir, Fort Harrison Park, and area shopping, dining, and schools. The second parcel, located at 10919 East 56th Street, includes 5.49 acres and currently features a brick farmhouse, a large all-steel commercial building with car lifts and full utilities, two smaller steel utility buildings, and an in-ground swimming pool. The property is beautifully landscaped with mature nut trees and borders scenic Indian Creek, offering a serene natural setting adjacent to Indian Creek Magnet Science School. Combined, these parcels present a rare opportunity in a rapidly growing corridor. The properties are ideally suited for future residential development such as condominiums or duplexes, or for potential commercial use pending zoning approval. Their strategic location, accessibility, and flexible potential make this an outstanding investment for developers or investors seeking growth in the northeast Indianapolis market.
    274 days
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    193
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    Zillow last checked:

    Listing updated:

    Listed by:

    Joseph Buttler 317-694-5213,

    Indy Crossroads Realty Group

    Source: MIBOR as distributed by MLS GRID,MLS#: 22062385MLS Logo

      Facts & features

      Property

      Lot
      • Size: 9.8 Acres
      • Features: Corner Lot, Street Lights, Mature Trees, Trees-Small (Under 20 Ft), Corner, Creek On Property
      • Topography: Pasture,Stream,Wooded,See Remarks
      Details
      • Additional structures: Other
      • Additional parcels included: 490809109005000407
      • Parcel number: 490809109006000407
      • Zoning: CURRENT USE RESIDENTIAL
      • Zoning description: Single Family
      • Horse amenities: None

      Utilities & green energy

      • Water: Public, Municipal Water on Site

      Community & HOA

      Community
      • Subdivision: No Subdivision
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $206,500
      • Annual tax amount: $2,628
      • Date on market: 10/15/2025
      • Cumulative days on market: 276 days
      • Listing terms: Lease Option,Sell Entity
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/16/2025Listed for sale$4,000,000
        Source: MIBOR as distributed by MLS GRID #22062385 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,627 -18.8%$206,500 -2.1%
        2024$3,234 +2.5%$211,000
        2023$3,155 +3.4%$211,000 +6.4%
        2022$3,051 -2%$198,300 +8.8%
        2021$3,112 +9.8%$182,300
        2020$2,833 -14.4%$182,300 +0.6%
        2019$3,309 +13.3%$181,200 -20.6%
        2018$2,920 -5.7%$228,100 +25.7%
        2017$3,098 +8%$181,500 +4.6%
        2016$2,869 +5.2%$173,600 -0.9%
        2014$2,728 +19.1%$175,100 +10.5%
        2013$2,290 $158,500 +6.1%
        2012$2,290 $149,400 +4.6%
        2011-- $142,800
        2010$2,092 +8.6%$142,800
        2009$1,927 $142,800 -3.3%
        2007-- $147,700 +14.2%
        2006-- $129,300 +14.8%
        2005-- $112,600
        2004-- $112,600 -15.8%
        2003-- $133,700 +132.5%
        2002-- $57,500 +199.9%
        2001-- $19,170
        2000-- $19,170
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46235

        Getting around

        43 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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