^Looking south from Exit 20, which is the northwestern junction with Interstate 65, August 2023.
Interstate 465 is the all-important freeway forming a full beltway around Indianapolis. It completely encircles Indianapolis, and INDOT loves to use that as a reason to absolve itself of any responsibility for any roadway mileage inside the ring drawn by Interstate 465. Any highway other than Interstate 65 and Interstate 70, that tries to reach Indianapolis, is routed around the city along Interstate 465 instead. For that reason, Interstate 465 is known to have the most routes concurrent along the same segment of highway. Eight different routes form concurrencies with Interstate 465, including Interstate 74, a mainline Interstate highway--and this isn't even counting the soon-completed Interstate 69. At one point on the east side of Indianapolis, Interstate 465 is concurrent with SEVEN other routes (US31, US36, US40, US52, US421, SR-37, and SR-67). Indiana won't even sign any of these concurrencies along Interstate 465, besides Interstate 74, because they know how stupid and confusing it would look.
In any case, if you're passing through Indianapolis getting from one locale to another, you're going to want to use Interstate 465. Interstates 65, 70, 74, and 69 form seven freeway alignments radiating in or out of Indianapolis (Interstate 69's southern extension is soon to form an eighth); to get from one to another, Interstate 465 forms an intermediate connection that's either handy or completely necessary. Interstate 865 helps access the northern leg of Interstate 65 toward Chicago, from points east on Interstate 465.
Interstate 465's exit numbers are numbered according to a convention respected for fully-formed circumferential Interstates. This convention puts mile zero at the southern junction with the mainline Interstate, and the numbers increase as the highway proceeds in a clockwise direction. (Interstate 275's mileages are also labeled in this way.) In Interstate 465's case, the first mile officially begins at Interstate 65's southern junction with the highway--it's also the fifty-third mile, since Interstate 465 is fifty-three miles long.
Interstate 465 officially begins at the southern junction of Interstate 65 on the southern side of Indianapolis. The first exit is labeled "53A" toward downtown, because Indiana decided it didn't want any exits numbered "zero"...
Exit 53B leads to Interstate 65 south, toward Louisville...
Exit 2A is for East Street northbound...
Exit 2B is for East Street southbound, which carries US Route 31 (US Route 31 joins Interstate 465 around the east side of Indianapolis)...
Exit 4 is for Harding Street, whose southern leg carries Indiana Route 37 (that route joins Interstate 465 around the east side of town)...
Exit 5 leads to Interstate 69 southbound toward Evansville, and the interchange is open even though it is still under construction:
Exit 7 leads to Mann Road, but only provides access to/from the east...
Exit 8 is a fountain interchange for Kentucky Avenue that's seen as Interstate 465 curves toward the north; the southwest leg carries Indiana Route 67, which joins Interstate 465 around the east side of town...
Exit 9A leads to Interstate 70 east into Indianapolis...
Exit 9B is for Interstate 70 west toward St. Louis and the entrance to the Indianapolis Airport...
Exit 11 is for the Sam Jones Expressway:
Exit 12 is for Washington Street, which carries the western continuation of US Route 40 (US Route 40 joins Interstate 465 around the south side of Indianapolis):
Exit 13 is for Rockville Road, which carries US Route 36 to and from the west (US Route 36 joins Interstate 465 around the south side of town)...
Exit 14 is for 10th Street:
Exit 16A leads to Crawfordsville Road and the eastern terminus of US Route 136:
Exit 16B is for the western leg of Interstate 74 toward Peoria; Interstate 74 is considered to join Interstate 465 around the south side of Indianapolis:
Exit 17 is for 38th Street...
Exit 19 links to 56th Street, but access is only provided to/from the south...
Exit 20 connects to Interstate 65, but northbound can only access northbound and southbound can only access southbound (use Interstate 865 as a connection between the other directions)...
Exit 21 is a link to 71st Street and to 73rd Street:
Exit 23 is for 86th Street...
Exit 25 leads to Interstate 865 and US Route 52 west toward Chicago; Interstate 465 turns easterly at this point...
Exit 27 is for Michigan Avenue, which carries the northern leg of US Route 421 out of Indianapolis...
Exit 31 leads to Meridian Avenue and US Route 31's northern continuation out of Indianapolis, which follows a freeway north toward Westfield and Kokomo...
Exit 33 is for Keystone Avenue and the Keystone Parkway, a freeway running north from here through Carmel...
Exit 35 is a single-point interchange linking to Allisonville Road...
Exit 37A is the first ramp at an interchange involving Interstate 69's northern leg, but this first ramp leads south along Binford Boulevard, a surface road...
Exit 37B leads to the northern leg of Interstate 69 toward Fort Wayne, and this carries the northern continuation of Indiana Route 37 as well:
Exit 40 is for 56th Street and Shadeland Avenue...
Exit 42 is for the Pendleton Pike, which carries US Route 36's eastern leg and Indiana Route 67's northern leg:
Exit 44A is for Interstate 70 west, which leads inward toward downtown Indianapolis...
Exit 44B is for Interstate 70 east toward Dayton, Ohio:
Exit 46 is for Washington Street on the east side of Indianapolis, and US Route 40 exits here to continue east:
Exit 47 is a fountain interchange to Brookville Road, which carries US Route 52 to points east...
Exit 48 leads to South Shadeland Avenue, but access is only provided to/from the southwest...
Exit 49A leads to Southeastern Avenue, at the interchange that also involves the eastern leg of Interstate 74 away from Indianapolis...
Exit 49B is the second ramp of the interchange, and it is the one providing access to Interstate 74 east toward Cincinnati...
Exit 52 is a single-point interchange for Emerson Avenue...
After 53 miles, Interstate 465 completes the loop around Indianapolis. Exits 53A and 53B lead to the southern interchange with Interstate 65, as mentioned at the start of this page.