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Investment Highlights

  • Directly across from Elanco Global Headquarters
  • Surrounded by ongoing residential, mixed-use, and commercial development
  • Opportunity Zone
  • Located within Indianapolis’ premier redevelopment corridor
  • Favorable C1 zoning with RC overlay

Executive Summary

POSITIONED IN THE PATH OF PROGRESS
A rare opportunity to acquire a strategically located church property directly across from the transformational Elanco Global Headquarters development and within one of Indianapolis’ fastest-growing redevelopment corridors.
955 Oliver Avenue is ideally situated in the heart of Indianapolis’ rapidly evolving Near Westside, an area experiencing unprecedented public and private investment. Located immediately across from Elanco’s new global headquarters campus, the property benefits from its position within a district that is attracting significant residential, commercial, institutional, and infrastructure development.
The surrounding area is being reshaped by billions of dollars in investment, including life sciences, technology, mixed-use development, housing, and public improvements. As redevelopment continues to expand westward from Downtown Indianapolis, properties in this corridor are becoming increasingly desirable for both users and investors.
Whether for continued religious use, educational purposes, community services, institutional occupancy, or future redevelopment, 955 Oliver Avenue offers a unique opportunity to secure a highly visible property in a location poised for long-term growth and appreciation.
INVESTMENT HIGHLIGHTS
• Directly across from Elanco Global Headquarters
• Located within Indianapolis’ premier redevelopment corridor
• Minutes from Downtown Indianapolis
• Convenient access to I-65, I-70, and major employment centers
• Surrounded by ongoing residential, mixed-use, and commercial development
• Positioned near major innovation, healthcare, and education investments
• Strong long-term appreciation potential
• Suitable for religious, educational, institutional, community, or redevelopment uses
AREA DEVELOPMENT DRIVERS
• Elanco Global Headquarters Campus
• 16 Tech Innovation District
• White River Corridor Improvements
• Downtown Indianapolis Expansion
• Indiana University Indianapolis Growth Initiatives
• Continued Near Westside Redevelopment and Infrastructure Investment
LOCATION ADVANTAGE
The Near Westside has emerged as one of Indianapolis’ most active redevelopment markets, benefiting from its proximity to Downtown, major healthcare systems, research institutions, and innovation districts. With substantial investment already underway and additional projects planned, 955 Oliver Avenue offers the opportunity to acquire real estate in a location where growth, investment, and demand continue to accelerate.

Property Facts

Sale Type Investment or Owner User
Property Type
Specialty
  • Specialty Religious Facility
Lot Size 0.45 AC
Building Size 11,723 SF
No. Stories 1
Year Built 1947
Opportunity Zone Yes
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
49-11-11-193-005.000-101
Land Assessment
$21,600
Improvements Assessment
$535,300
Total Assessment
$556,900
  • Listing ID: 40991925

  • Date on Market: 6/19/2026

  • Last Updated:

  • Address: 955 Oliver Ave, Indianapolis, IN 46221

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