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Listed by Ben Bashal • Midland Realty Group, Inc.
$ 599,000
Est. payment | /mo
5.8 Acres Lot
$ 599,000
Est. payment | /mo
5.8 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22114700
HOA Y/N No
Tax Year 2025
Lot Size 5.800 Acres
Acres 5.8
Property Sub-Type Residential Lots
Property Description
This vast property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. Has been approved to allow the construction of additional homes and approved to split into 2, 4 or 5 separate parcels (Plat maps attached) the option of a private driveway with private gate, also a tennis court or playground which you can see on attached approved plat maps. Zoning allows horse boarding on property and possible zoning request for retail. Front of the property features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20x32 feet and an above-ground swimming pool wooden deck. This site presents an excellent opportunity for the development of private subdivision, with approved potential for subdividing into 5 parcels of one acre each, 4 parcels or 2 parcels. Previous plans for a small gated community are available upon request. This well-maintained multifunctional real estate asset situated at the highly sought after corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
Location
State IN
County Marion
Zoning Residential
Interior
Fireplace N
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Mary Adams Elementary School
Middle Schools Franklin Central Junior High
School District Franklin Township Com Sch Corp
Others
Acceptable Financing Other
Listing Terms Other
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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