McElhany stayed in business for about three years, then sold the store to Albert S. Cornelison and James H. Bynum.

An actual post office was established at Indianola, Indian Territory on January 16, 1891, with Bynum being appointed as the first postmaster.

In 1898, Lyman H. Perkins, a Choctaw farmer who had originally all the land on which Indianola was built, donated 1 acre (0.40 ha) for construction of a Methodist church.

Indianola quickly relocated to be adjacent to the track, and the residents built a new school building.

Lyman Perkins and his wife donated 4 acres (1.6 ha) to the new town, which retained the name Indianola.

[5] According to the United States Census Bureau, the town has a total area of 0.3 square miles (0.78 km2), all land.

Other major crops produced around the town have been corn, grains, soybeans, peanuts, and onions.