When was property at 5500 Mills Road built and last sold?

The property at 5500 Mills Road was built in and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 5500 Mills Road is $858,500.

What are some comparable homes to 5500 Mills Road?

There are currently no comparable homes to 5500 Mills Road.

Indianapolis

46221

Valley Mills

5500 Mills Road

1 / 3

Map

$765,000 - $935,000

● Land - Off Market

5500 Mills Road

Indianapolis, IN 46221

Studio

0 Bath

Transfer

Mill Run Llc

Owner

About This Property

Almost 9 acres of commercial land on a corner. Signalized intersection. Zoned C3 - Ideal for small strip center. Please see document for C3 zoning included in the listing

Unit Size

Days on Market

Land Size

9.40 acres

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

Price History

Date / Event	Date	Event
Jan 2, 2024	No longer available	-
No longer available
Aug 1, 2023	Listed	$850,000
Listed
Jul 1, 2023	No longer available	-
No longer available
Jun 30, 2023	Relisted	$850,000
Relisted
Feb 26, 2023	No longer available	-
No longer available
Feb 24, 2022	No longer available	-
No longer available
Feb 24, 2022	Listed	$850,000
Listed

	9+- acres of commercial corner - signalized intersection. Land zoned C-3. Ideal for small strip center. About 5 acres is usable due to terrain and creek. Excellent traffic REALTY WORLD-Harbert Company, Inc.
Feb 19, 2021	Listed	$1,120,000
Listed

	Beautifully located land with potential pond site. A total of 75 acres available. Sellers will rezone to suit your needs. All city utilities. A new gas station/convenience center coming on the South end of Mann Rd. REALTY WORLD-Harbert Company, Inc.
Jan 23, 2021	No longer available	-
No longer available
Oct 19, 2020	Listed	$2,160,000
Listed

	NOTICE! This site has multiple zoning for D7/D11 Residential and Multi-family use and Apartment Land. 20 Acres - WILL DIVIDE. Terrific Road frontage on Mills Road. Rolling Hills, Flatland, some wooded, some clear, some flood plain/nature preserve. Five minute drive to I-465, and five minutes to State Road 37. Suitable for a mix of multi-family and single family residences.
Nov 25, 2019	No longer available	-
No longer available
Jul 2, 2019	Relisted	$2,160,000
Relisted
Jul 1, 2019	No longer available	-
No longer available
Apr 25, 2019	No longer available	-
No longer available
Apr 19, 2019	Relisted	$2,160,000
Relisted
Apr 18, 2019	No longer available	-
No longer available
Mar 2, 2019	Price Decreased	$1,120,000 ↓ $1M (48.2%)
Price Decreased
Feb 28, 2019	Price Increased	$2,160,000 ↑ $1M (92.9%)
Price Increased
Feb 12, 2019	Listed	$1,120,000
Listed

Feb 2, 2019	Price Increased	$2,560,000 ↑ $2M (201.2%)
Price Increased
Jan 31, 2019	Listed	$850,000
Listed

	9 +/- Acres of Commercial Land Zoned C-3. Ideal for Small Strip Center.
Nov 22, 2017	Listed	$2,160,000
Listed

	This site has multiple zoning for D7 Residential and Multi-family use and Apartment Land. 20 Acres - Mann Road frontage is zoned C4. Terrific road frontage on Mills Road. Rolling hills, flatland, some wooded, some clear, some flood plain/nature preserve. Five-minute drive to I-465, and five-minutes to State Road 37. Suitable for a mix of multi-family and single family residences.

Property Highlights

Building Info

Overview

General

Bedroom Count: 0

Basement Area: 0
Parking Space Count: 0

Dimensions

Lot Size Square Feet: 385,288

Total Building Area: 0
Building Area: 0

Heating and Cooling

Air Conditioning: unknown

Heating: unknown
Heating Fuel Type: unknown

Utilities

Sewer System: None

Water Service: None

Building

Property Class: Vacant

Land Acres: 8.845
Standard Land Use Code: Commercial-vacant land
Legal Description 1: PT NE1/4 SE1/4 S12 T 14 R2 362.06? W OF NE COR & PT NW1/4 SW1/4 S7 T14 R3 P.O.B. S37.72? SE197.62? S44.53? E42.77? S101.38? E241.31? SE278.72? SE103? SE376.22? E76.24? N791.94? W623.37? S197.25? W206.23? N221.73? W267.46? TO BEG 12.753 AC

Ownership

Ownership Rights Codes: Company/Corporation

Current Owner Is a Corporation Indicator: Yes

Neighborhood

School District Name: Decatur Township Metropolitan School District

Census Tract: 370306

Zoning

Zoning: ZO01

Geography

Assessors Map Reference: 2553-B3

District: 0002
Section: 7014003
Parcel: 49-14-07-102-004.000-200
Meridian: SEC 7 TWN 14 RNG 3
Municipality: DECATUR TOWNSHIP
Latitude: 39.6697
Longitude: -86.249

Address

Full Address: 5500 Mills Rd

Address - House Number: 5500
Address - Street Name: Mills
Address - Suffix Type: Rd
State: IN
City Name: Indianapolis
Carrier Code: R080
4-Digit Zip Code: 4621
Zip Code: 46221

Valuation

Tax

Tax Year: 2022

Tax Amount: $1,182
Tax Rate Code Area: 200

Market Valuation

Market Total Value: $38,100

Market Land Value: $38,100

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $38,100
Assessed Land Value: $38,100

Redact Ownership Info

Comparables

About Valley Mills

Stats & Trends

Median Asking:

$236,500

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

Average Home Size

1928 ft²

Average Home Age

41.2 years

Currently For Sale

9 Listings

Similar Homes for Sale

Currently no similar homes around

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$1,595 /mo

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$1,595 /mo

3 Beds
2 Baths
1,240 ft²

5620 Sweet River Drive, Indianapolis, IN, 46221 Listing by Teresa Lents

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5500 Mills Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Ownership

Neighborhood

Zoning

Geography

Valuation

Comparables

About Valley Mills

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions