I-2 Zoned Property - Prime Industrial Opportunity Near I-70! Located just minutes from I-70 and near an open-air theatre , this property sits in a highly industrial-friendly area, offering the perfect blend of business potential and open space! The front western half is ideal for Light Industrial activities, including: Heavy Equipment Sales, Service, or Repair Automobile & Vehicle Storage or Auction Light Manufacturing The eastern half offers space for a park or green area , creating balance between industry and nature. Excellent Location | Flexible I-2 Zoning | Endless Development Possibilities For a full list of permitted I-2 uses, please see the attached zoning chart.
Sold
$455,000
511 S Tibbs Ave, Indianapolis, IN 46241
--beds
--baths
2.4Acres
Unimproved Land
Built in ----
2.4 Acres Lot
$-- Zestimate®
$--/sqft
$1,026 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,026/mo
Zestimate® history
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List your homeWhat's special
Highly industrial-friendly area
Zillow last checked:
Listing updated:
Listing Provided by:
Jesse Jasvir Singh 317-499-1516,
Blue Flag Realty Inc
Bought with:
Jesse Jasvir Singh
Blue Flag Realty Inc
Source: MIBOR as distributed by MLS GRID,MLS#: 22070825
Facts & features
Property
Features
- Fencing: Fenced,Fence Complete
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 2.40 Acres
- Features: Mature Trees, Trees-Small (Under 20 Ft), Water View
Details
- Additional parcels included: 491109117016.000901
- Parcel number: 491109117036000901
- Zoning: I2
- Zoning description: Industrial
- Special conditions: None,As Is,Corporate Owned
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: No Subdivision
Other
Other facts
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2026 | Sold | $455,000-17.3% |
Source:  MIBOR as distributed by MLS GRID #22070825 Report a problem | ||
| 4/4/2026 | Pending sale | $549,900 |
Source: MIBOR as distributed by MLS GRID #22070825 Report a problem | ||
| 10/29/2025 | Listed for sale | $549,900 |
Source: MIBOR as distributed by MLS GRID #22070825 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $704 -1.7% | $26,000 |
| 2024 | $716 -0.2% | $26,000 |
| 2023 | $717 -6.2% | $26,000 |
| 2022 | $765 +0.2% | $26,000 |
| 2021 | $763 -1.8% | $26,000 |
| 2020 | $777 -3.1% | $26,000 |
| 2019 | $802 +13.1% | $26,000 |
| 2018 | $709 -45.5% | $26,000 |
| 2017 | $1,302 +67.1% | $26,000 |
| 2016 | $779 +3.6% | $26,000 |
| 2014 | $752 +21% | $26,000 |
| 2013 | $621 | $26,000 |
| 2012 | $621 | $26,000 |
| 2011 | -- | $26,000 |
| 2010 | $579 -1.1% | $26,000 |
| 2009 | $585 | $26,000 -16.9% |
| 2007 | -- | $31,300 +0.3% |
| 2006 | -- | $31,200 -0.6% |
| 2005 | -- | $31,400 |
| 2004 | -- | $31,400 |
| 2003 | -- | $31,400 +43.4% |
| 2002 | -- | $21,900 +200% |
| 2001 | -- | $7,300 |
| 2000 | -- | $7,300 |
Find assessor info on the county website
Neighborhood: West Indianapolis
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 3.7 mi
- 4/10William Penn School 49Grades: 6-8Distance: 1.1 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- High: Ben Davis High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Indiana
- Marion County
- Indianapolis
- 46241
- West Indianapolis
- 511 S Tibbs Ave
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Nearby neighborhoods
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