Airport Land to be Auctioned
(Image Courtesy: Schrader Real Estate and Auction Co. Inc.)
An auction is set for next month involving 320 acres of land owned by the Indianapolis Airport Authority. The properties range from residential to farm to industrial sites.
In all, there are 30 tracts of land in seven locations. The land is just a portion of the 1,000 acres the authority had previously announced would go back on the market to be put "back into productive use for the community." Around 2,000 other acres has been set aside by the authority to be permanently protected. Officials say by selling the land, the new economic activity will generate $1.7 million in annual revenue. You can view a map outlining the various parcels to be redeveloped and protected by clicking here.
The authority says the locations of the property that will be auctioned by Columbia City-based Schrader Real Estate and Auction Co. October 24th are:
- Stanley Cove: Approximately 35.11 acres — including platted lots and undeveloped land — in the Stanley Cove neighborhood.
- Former Speedway Airport: 141.26 acres selling in two tracts on either side of Ronald Reagan Parkway, less than a half mile south of Lucas Oil Raceway.
- Flynn Road Property: 12 tracts south of the Pepsi facility in Ameriplex Business Park.
- Millhouse Road Property: Approximately 14 acres of mostly wooded land, off Mendenhall Road and east of Kentucky Ave.
- Lynhurst Drive Property: Four tracts ranging from 2.76 acres to 21.34 acres, located near the southeast corner of the Indianapolis International Airport.
- Stafford Road Industrial Site: Approximately 0.67 acre in the Airwest Business Park.
- AirTech Parkway Property: Wooded tract of approximately 11.66 acres on the west side of Ronald Reagan Parkway.
You can find out more about the surplus land by clicking here. The auction is set to begin at 10 a.m. on October 24 at The Palms Banquet and Conference Center in Plainfield.
Editor’s Note: Since this story was published, the auction date has been moved to November 21.