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5155 W Pike Plaza Rd
Indianapolis, IN 46254
Ray Skillman Westside Mitsubishi · Retail Property For Sale

Executive Summary

Positioned along Indianapolis' established automotive corridor, this exceptional commercial property offers a rare opportunity to acquire or lease a well-maintained dealership facility with outstanding visibility and accessibility. The property features an 11,709-square-foot primary building complemented by a 3,375-square-foot secondary building, all situated on 4.23 acres of prime commercial real estate.
Purpose-built for automotive operations, the property includes an attractive showroom, professional offices, service facilities, customer amenities, expansive paved parking, and generous vehicle display areas. Its existing infrastructure also makes it well suited for a variety of commercial users seeking a high-profile location with immediate functionality.
Whether continued as an automotive dealership or repositioned for another commercial use, this property offers exceptional flexibility in one of Indianapolis' most established commercial corridors. Ideal for automotive, retail, medical, office, recreational, or redevelopment opportunities.
Sales Highlights:
Available For Sale or Lease
Opportunity to purchase operating dealership and franchise (subject to manufacturer approval)
Real estate available separately
11,709 SF primary dealership building
3,375 SF secondary building
4.23-acre site
Multiple buildings provide operational flexibility
Existing showroom and service facilities
Large paved display and parking areas
Excellent west Indianapolis location
Ideal for dealership users, fleet operations, equipment sales, or commercial redevelopment
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
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
15,447 SF
Building Class
C
Year Built
1989
Price
$2,000,000
Price Per SF
$129.47
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
4.23 AC
Opportunity Zone
Yes
Zoning
C5/C7 - Flexible C-5 zoning allows automotive, retail, medical, office, restaurant, entertainment, hospitality, and flex/industrial uses.
Parking
300 Spaces (19.89 Spaces per 1,000 SF Leased)
Frontage
389’ on W Pike Plaza Rd

Property Taxes

Property Taxes

Parcel Number
49-06-18-108-003.000-674
Land Assessment
$275,300
Improvements Assessment
$401,800
Total Assessment
$677,100
  • Listing ID: 41333634

  • Date on Market: 7/17/2026

  • Last Updated:

  • Address: 5155 W Pike Plaza Rd, Indianapolis, IN 46254

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