7338 5 Points Road, Indianapolis, IN 46259
- $599,000
- List Price
- $599,000
- MLS#
- 22114700
- Status
- ACTIVE
- Days on Market
- 7
- Property Type
- Land
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.
/u.realgeeks.media/hoosierhomepro/header3.png)
Additional Information
- Present Zoning
- Multi-Fam, Single Family, Variance
- Land Characteristics
- Corner, Mature Trees
- Topography
- Level
- Soil Type
- Not Applic
- Development Status
- Plat Designed, Surveyed
- Facilities on Site
- Electric, Gas, Sewer, Water
- Facilities near Site
- Electric, Gas, Water
- Water
- Municipal Water on Site
- Sewer
- Public Sewer
- Road Access
- County Rd, Frontage Road
- Road Frontage
- County Road
- Road Surface
- Asphalt
- Acres
- 5.80
- Water
- Municipal Water on Site
- Region
- Franklin
Mortgage Calculator
Listing courtesy of Midland Realty Group, Inc..
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative