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5051 W Pike Plaza Rd
Indianapolis, IN 46254
Ray Skillman Westside Hyundai · Retail Property For Sale
Executive Summary
Positioned on over 4 acres in one of Indianapolis' established automotive corridors, this premier dealership property offers approximately 32,854 square feet of high-quality improvements designed for high-volume automotive operations.
The existing franchise dealership is expected to relocate in late 2026 or early 2027, creating a rare opportunity to acquire one of the area's largest dealership facilities. The property features expansive showroom space, multiple service bays, administrative offices, customer amenities, and substantial paved parking and inventory display areas.
The size, visibility, and existing infrastructure make this an outstanding opportunity for automotive retailers, commercial vehicle users, equipment distributors, indoor recreation concepts, medical conversions, educational facilities, or mixed commercial redevelopment.
Sales Highlights:
Available For Sale or Lease
32,854 SF dealership facility
4.06-acre site
One of the largest dealership facilities available in the Indianapolis market
High-profile automotive corridor location
Franchise-quality showroom and service facilities
Extensive paved parking and inventory display
Excellent access to major transportation corridors
Occupancy available following dealership relocation (late 2026/early 2027)
Ideal for automotive, commercial, institutional, or redevelopment users
Significant adaptive reuse potential
Ideal Uses:
Automotive Dealerships
Commercial Vehicle Sales
Fleet Operations
Equipment Sales
Powersports
RV Dealers
Service Centers
Retail Redevelopment
Medical Conversion
Industrial Showroom
Educational Facilities
Mixed-Use Commercial Redevelopment
The existing franchise dealership is expected to relocate in late 2026 or early 2027, creating a rare opportunity to acquire one of the area's largest dealership facilities. The property features expansive showroom space, multiple service bays, administrative offices, customer amenities, and substantial paved parking and inventory display areas.
The size, visibility, and existing infrastructure make this an outstanding opportunity for automotive retailers, commercial vehicle users, equipment distributors, indoor recreation concepts, medical conversions, educational facilities, or mixed commercial redevelopment.
Sales Highlights:
Available For Sale or Lease
32,854 SF dealership facility
4.06-acre site
One of the largest dealership facilities available in the Indianapolis market
High-profile automotive corridor location
Franchise-quality showroom and service facilities
Extensive paved parking and inventory display
Excellent access to major transportation corridors
Occupancy available following dealership relocation (late 2026/early 2027)
Ideal for automotive, commercial, institutional, or redevelopment users
Significant adaptive reuse potential
Ideal Uses:
Automotive Dealerships
Commercial Vehicle Sales
Fleet Operations
Equipment Sales
Powersports
RV Dealers
Service Centers
Retail Redevelopment
Medical Conversion
Industrial Showroom
Educational Facilities
Mixed-Use Commercial Redevelopment
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
32,854 SF
Building Class
B
Year Built
1987
Price
$3,300,000
Price Per SF
$100.44
Tenancy
Single
Building Height
3 Stories
Building FAR
0.19
Lot Size
4.06 AC
Opportunity Zone
Yes
Zoning
C5 - Flexible C-5 zoning allows automotive, retail, medical, office, restaurant, entertainment, hospitality, and flex/industrial uses.
Parking
400 Spaces (12.18 Spaces per 1,000 SF Leased)
Frontage
381’ on W Pike Plaza Rd
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,238,400 | |
| Land Assessment | $426,000 | Total Assessment | $1,664,400 |
Property Taxes
Parcel Numbers
Land Assessment
$426,000
Improvements Assessment
$1,238,400
Total Assessment
$1,664,400
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