Automotive/Redevelopment Opportunity

5155 W Pike Plaza Rd, Indianapolis, IN 46254

Property Information

  • For Sale $2,000,000
  • Property Type Retail - Street Retail
  • Property Size 15,084 SF
  • Lot Size 4.23 Acre
  • Year Built 1989
  • Year Renovated 2005
  • Date Updated Jul 27, 2026

Description

Situated along the highly visible Pike Plaza Road commercial corridor on Indianapolis' west side, this property benefits from exceptional exposure and easy access to Interstate 465 and Interstate 65. Surrounded by established automotive dealerships, national retailers, restaurants, hotels, and service businesses, the location serves one of the city's busiest commercial corridors. Its central location provides convenient access to downtown Indianapolis, the Indianapolis Motor Speedway, Eagle Creek, and Indianapolis International Airport, making it attractive for regional and national businesses.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.

Highlights

  • 11,709 SF primary dealership building
  • 3,375 SF secondary building
  • 4.23-acre site
  • Available For Sale or Lease
  • Excellent west Indianapolis location
  • Existing showroom and service facilities
  • Ideal for dealership users, fleet operations, equipment sales, or commercial redevelopment
  • Large paved display and parking areas
  • Multiple buildings provide operational flexibility
  • Opportunity to purchase operating dealership and franchise (subject to manufacturer approval)
  • Real estate available separately

Contacts

Location

Located at 5155 W Pike Plaza Rd, Indianapolis, IN 46254, this property is part of the Lafayette Square neighborhood and Indianapolis market.

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.