14
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Listed by LaToya Dix • Dix Realty Group
$1,800,000
Est. payment /mo
2.8 Acres Lot
Active
5244 Shelbyville RD Indianapolis, IN 46237
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Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22054340
Tax Year 2024
Lot Size 2.800 Acres
Acres 2.8
Property Sub-Type Residential Lots
Property Description
Residential Development Ready Opportunity - Southeast Indianapolis! Introducing a fully entitled, shovel-ready residential development opportunity in the high-demand 46237 zip code of Southeast Indianapolis. This meticulously planned 18-unit duplex-style subdivision on 2.8 acres is designed for today's market and a perfect location for a developer looking to build a downsizer or 55+ community. Project Overview: 18 one-story duplex-style homes with each unit approx. 1,250 sq ft | 3 Bed / 2 Bath / 1-Car Garage. It's the perfect turnkey opportunity with minimal development risk. Ideal for a phased build-and-sell strategy. Development Status: This project is approaching final drainage approval - the last milestone before full permits are issued. The following key phases have already been completed: Land acquisition and site clearing. Full architectural and engineering design packages. Preliminary Plat approval and advanced permitting progress. Assigned addresses and final site layout are completed as well. Strategic Location: Situated minutes from I-465 & Emerson Avenue, which offers easy access to major employers, shopping, and schools in a rapidly growing corridor of Southeast Indianapolis. Investment Highlights: Nearly permit-ready site in a proven, growing market. Engineered site plans, infrastructure coordination, and city approvals in place. Estimated sellout value of $5.3M. Market-supported pricing and high buyer demand in the area. Projected ROI of 15.88%. Builder/developer-ready with low execution risk and a quick path to revenue. Reach out today to learn more about this exceptional development opportunity in one of Indy's strongest residential submarkets. This is your chance to deliver in-demand housing with the heavy lifting already complete.
Location
State IN
County Marion
Zoning Residential
Interior
Fireplace N
Building
Sewer Public Sewer
New Construction false
New Construction false
Schools
School District Franklin Township Com Sch Corp
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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