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4240 & 4244 Madison Avenue

Indianapolis, IN 46227
  • $400,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 22094887
UPDATED: 71 min ago
$400,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Perry Township - Opportunity Knocks - 1 ACRE Commercial Potential on two residential properties - located at the corner of Madison & Lawrence Avenue in Perry Twp - across Madison from a gas station and near many other conveniences & commercial locations. Properties are currently leased to tenants and subject to tenant rights - please make an offer & include a due diligence period to satisfy questions and research to make this property terrific for Buyer's situation. About the property: 2 parcels, 1 shared driveway; total sqft of the parcels is 40,997 sqft (148'x189' & 75'x172'); Buildings are 1289 sqft & 1897 sqft; Utilities onsite. Tons of road frontage, highly visual location & ready for the wise entrepreneur. Low taxes, NO HOA.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-05T17:26:42.677. 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.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/175092959
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4240 & 4244 Madison Avenue Indianapolis, IN 46227

  • Price: $400,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 71 min ago
  • MLS #: 22094887
0
Beds
0
Baths
0
½ Baths
0.95
Acres
1900
Built
Neighborhood:
4907 - Marion - Perry
County:
Marion
Area:
4907 - Marion - Perry
School District:
Perry Township Schools
Property Description
Perry Township - Opportunity Knocks - 1 ACRE Commercial Potential on two residential properties - located at the corner of Madison & Lawrence Avenue in Perry Twp - across Madison from a gas station and near many other conveniences & commercial locations. Properties are currently leased to tenants and subject to tenant rights - please make an offer & include a due diligence period to satisfy questions and research to make this property terrific for Buyer's situation. About the property: 2 parcels, 1 shared driveway; total sqft of the parcels is 40,997 sqft (148'x189' & 75'x172'); Buildings are 1289 sqft & 1897 sqft; Utilities onsite. Tons of road frontage, highly visual location & ready for the wise entrepreneur. Low taxes, NO HOA.
Exterior Features

Parking Features Detached Road Access Street Cuts Road Frontage Type City Street Road Surface Type Asphalt Roof Asphalt

Interior Features

Building Area Total 3186

Property Features

Acres 1/2-1 Acre Current Financing Exchange - 1031Conventional Current Use Residential Dpr YN No Multi Tenants Yes New Construction YN No Other Equipment Call Listing Agent Possession ClosingNegotiableSubject to Tenant Rights Possible Use Comm Mul TenOfficeRestaurantRetail Property Sub Type Mixed Use Semi Annual Property Tax Amt 2823 Space Available 3186 Special Listing Conditions As IsDefects/Call OfficeShared Driveway Tax Year 2025 Township Perry Transaction Type Sale Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning residential

Listing provided courtesy of Jeff Paxson Team: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-05T17:26:42.677. 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.
Click here for MLS GRID DMCA Notice
 
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David Brenton's Team
4741 E Stop 11 Rd.
Indianapolis IN, 46237