# 5450 W 86th Street, Indianapolis, IN 46268

> **TL;DR:** commercial, $2,500,000 ($117/sqft), built 1986, 21,300 sqft. Est. $10,833/mo. Listed 358 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,500,000 |
| Price/sqft | $117 |
| Square Feet | 21,300 |
| Year Built | 1986 |
| Lot Size | 132,858 sqft (3.05 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 358 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $10,833 |
| **Total** | **$10,833** |

## Nearby Schools

- **Middle:** Pike Central Middle School
- **High:** Pike Central High School

## Property Highlights

- Built in 1986
- 3.05 acre lot

## Description

### Agent Description
This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!

## Location

- **Address:** 5450 W 86th Street, Indianapolis, IN 46268
- **County:** Marion
- **Coordinates:** 39.911274, -86.256672
- **Google Maps:** https://www.google.com/maps?q=39.911274,-86.256672

## Listing Agent

- **Name:** Jason Alsup
- **Brokerage:** eXp Realty, LLC
- **Phone:** 3172581399
- **Email:** jasonalsupexp@gmail.com

## Primary Photo

![5450 W 86th Street - Primary Photo](http://lh.rdcpix.com/4f3ffd4dd9ecd3213ff0119abdfd4607l-f2590385174r.jpg)

*5 total photos available on [listing page](https://www.propertysimple.com/listing/5450-w-86th-street-indianapolis-in-46268-22033393)*

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**MLS#:** 22033393 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5450-w-86th-street-indianapolis-in-46268-22033393)

---

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