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.
Active
$549,900
511 S Tibbs Ave, Indianapolis, IN 46241
--beds
--baths
2.4Acres
Unimproved Land
Built in ----
2.4 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Highly industrial-friendly area
- 48 days |
- 87 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: October 30, 2025 at 04:04pm
Listing Provided by:
Jesse Jasvir Singh 317-499-1516,
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: 2.4 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: As Is,Corporate Owned
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $26,000
- Annual tax amount: $704
- Date on market: 10/29/2025
- Cumulative days on market: 50 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2025 | Listed for sale | $549,900 |
Source:  MIBOR as distributed by MLS GRID #22070825 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $716 -0.2% | $26,000 |
| 2023 | $717 -6.2% | $26,000 |
| 2022 | $765 +0.2% | $26,000 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: West Indianapolis
Nearby schools
GreatSchools rating
- 4/10William Penn School 49Grades: PK-8Distance: 1 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 0.9 mi
- 1/10Crispus Attucks Medical Magnet High School (9-12)Grades: 9-12Distance: 2.9 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.
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