Indianapolis, IN 46237,5244 Shelbyville RD
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Indianapolis, IN 46237,5244 Shelbyville RD
Indianapolis, IN 46237,5244 Shelbyville RD
Indianapolis, IN 46237,5244 Shelbyville RD
Indianapolis, IN 46237,5244 Shelbyville RD
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Kevin Fertig

Kevin Fertig

+1(317) 869-7646
Listed by LaToya Dix • Dix Realty Group
$ 1,800,000
Est. payment /mo
Save
Active

5244 Shelbyville RD Indianapolis, IN 46237

2.8 Acres Lot

UPDATED:

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

Schools

School District Franklin Township Com Sch Corp

Others

Acceptable Financing Not Applic

Listing Terms Not Applic

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Mary Adams Elementary School

    Public | KG - 5

  • 8

    Bunker Hill Elementary School

    Public | KG - 5

  • 7

    Mary Bryan Elementary School

    Public | PK - 5

  • 6

    Southport 6th Grade Academy

    Public | 6 - 6

  • 6

    Jeremiah Gray-Edison Elementary School

    Public | PK - 5

  • 6

    Arlington Elementary School

    Public | KG - 5

  • 6

    Thompson Crossing Elementary School

    Public | KG - 5

  • 5

    Southport Elementary School

    Public | KG - 5

  • 5

    South Grove Intermediate School

    Public | 4 - 6

  • 4

    Clinton Young Elementary School

    Public | PK - 5

  • 4

    Central Elementary School

    Public | 2 - 3

  • 0

    Calvary Christian School

    Private | PK - 12

  • 0

    St Jude Catholic

    Private | KG - 8

  • 0

    Holy Name of Jesus Catholic School

    Private | PK - 8

  • 0

    Gray Road Christian School

    Private | PK - 6

  • 0

    Indianapolis Southside Christian Academy

    Private | KG - 8

  • 0

    Montessori Childrens House

    Private | PK - 3

  • 0

    Southport Presbyterian Christian School

    Private | KG - 5

  • 0

    Curtis Wilson Primary School O

    Private | KG - 6

  • 0

    Hornet Park Elementary School

    Public | PK - 1

Middle Schools 2
  • 5

    Southport Middle School

    Public | 7 - 8

  • 4

    Beech Grove Middle School

    Public | 7 - 8

High Schools 3
  • 6

    Beech Grove Sr High School

    Public | 9 - 12

  • 0

    Roncalli High School

    Private | 9 - 12

  • 0

    Lutheran High School of Indianapolis

    Private | 9 - 12

School and business data provided by Attom Data.
Kevin Fertig

Kevin Fertig

Agent | License ID: RB17002186

+1(317) 869-7646

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5244 Shelbyville RD