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$599,000
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.

7338 5 Points Road, Indianapolis

Listing courtesy of Midland Realty Group, Inc..

$97,000
It's all about location when it comes to building a new home and, this turnkey lot just minutes from downtown Indianapolis and two blocks from the Monon Trail, is perfectly situated and ready for your vision to come alive. Enjoy the Monon Trail and walk to parks, coffee shops, restaurants, microbreweries & enjoy urban living! The following have been approved/completed: variance for setbacks (no fire exit set back facing 20th St.), survey, zoning, water & sewer lines, and water pit & meter. There is a recorded sewer easement for 2005 Columbia Ave next door, running to the sewer line along 20th St. (runs between locations for a detached garage and a house). Power is available from a line running along 20th St. Zoned D-8 and can accommodate a carriage house. Seller has 2-story, single-family home designs that Seller is willing to provide at no cost. Selling "As-Is Where-Is". Information about lots is provided only to assist the Buyer in conducting Buyer's own separate due diligence, investigation and inspections. Information from Seller is believed to be accurate but not reliable.

2003 Columbia, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

$300,000
3 Beds ⋅ 3 Baths
Reduced $75,000! Look at this OPPORTUNITY to own 2 Homes Close to University! Separate Home for In-Law Quarters! Rentals! Best Friends! Man Cave! She Shed! The List could go on & on!! Original Major Renovations Completed on Both Homes in 2008 including Windows in Home/Basement! Larger Home has 3 Bedrooms & 3 Full Updated Baths Plus Basement! 2 Bedrooms have their own en suite along w/Large Closets! Beautiful Hardwood Floors! Frplc has been Sealed Shut! All Kitchen Appliances (except microwave) Remain w/Property including Washer/Dryer! Roof is approx 3 yrs old! Gas Furnace & Central Air - New Dec. 2025! Basement has had Interior Drainage System w/Sump Pumps Installed Covered Front Porch to Enjoy the Beautiful Campus w/Lg Mature Trees Lining the Streets! Conveniently Located close to Interstate System & Shopping! Smaller Hm is approx 672 Sq Ft w/2 Bedrms (16x14 & 13x9). Roof Approx 6 yrs old! Heatpump/C/A in 2017 along w/Electric Water Heater! (Baseboard can be used for back-up heat) Stack Washer/Dryer Remains along w/Kitchen Appliances. Semi-Tax on Smaller Hm is $898.97. All Info Listed on Computer are ONLY for Larger Hm. Both Properties must be sold together due to arrangement on Lots-Seller has obtained a Variance (see supplements).

4038 Otterbein Avenue, Indianapolis

Listing courtesy of Crossroads Real Estate Group LLC.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative