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5155 W Pike Plaza Rd
Indianapolis, IN 46254
Ray Skillman Westside Mitsubishi · Retail Property For Sale
Executive Summary
This unique automotive property offers flexibility rarely found in today's market. Located on 4.23 acres, the property includes a 11,709-square-foot dealership facility plus a 3,375-square-foot secondary building, providing exceptional operational versatility.
Currently operating as a Mitsubishi dealership, buyers have the opportunity to purchase the real estate independently or acquire both the dealership franchise and real estate, subject to manufacturer approval. Should the franchise relocate, the property is also available for lease, creating multiple acquisition strategies for owner-users, investors, or automotive operators.
The site offers extensive vehicle display capacity, service infrastructure, showroom space, and room for expansion or complementary commercial uses.
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
Currently operating as a Mitsubishi dealership, buyers have the opportunity to purchase the real estate independently or acquire both the dealership franchise and real estate, subject to manufacturer approval. Should the franchise relocate, the property is also available for lease, creating multiple acquisition strategies for owner-users, investors, or automotive operators.
The site offers extensive vehicle display capacity, service infrastructure, showroom space, and room for expansion or complementary commercial uses.
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
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
| Parcel Number | 49-06-18-108-003.000-674 | Improvements Assessment | $401,800 |
| Land Assessment | $275,300 | Total Assessment | $677,100 |
Property Taxes
Parcel Number
49-06-18-108-003.000-674
Land Assessment
$275,300
Improvements Assessment
$401,800
Total Assessment
$677,100
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