The Indianapolis Airport Authority on Wednesday announced plans to offer 320 acres of surplus land at an Oct. 24 auction.
The land will be sold in 30 tracts in seven different locations near the airport to enable the largest possible number of potential buyers to participate, the authority said. It includes property ripe for residential development, farmland and industrial and commercial use.
Available land includes the 141-acre former Speedway Airport site, 14 acres of mostly wooded land east of Kentucky Avenue near Mendenhall Road, and four tracts ranging from less than 1 acre to 21 acres located near the southeast corner of the airport.
The authority said it no longer needs the land for aviation uses and has chosen to offer the land in hopes of returning it to the property tax rolls.
The auction will begin at 10 a.m. and will be held at The Palms Banquet and Conference Center in Plainfield. Columbia City-based Schrader Real Estate and Auction Co. will conduct the sale with assistance from Colliers International.
Auction personnel will be available at The Palms from 1 to 3 p.m. Oct. 6 and Oct. 15 to provide information. Additional information can be found at www.iaasurplus.com.
The seven locations, according to the airport authority:
— Stanley Cove: About 35.11 acres, including platted lots and undeveloped land, in the Stanley Cove neighborhood in Plainfield;
— 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: About 14 acres of mostly wooded land, off Mendenhall Road and east of Kentucky Avenue;
— Lynhurst Drive Property: Four tracts ranging from 2.76 acres to 21.34 acres, near the southeast corner of the Indianapolis International Airport;
— Stafford Road Industrial Site: About 0.67 acre in the Airwest Business Park;
— AirTech Parkway Property: Wooded tract of about 11.66 acres on the west side of Ronald Reagan Parkway.