5244 Shelbyville Road, Indianapolis, IN 46237

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5244 Shelbyville Road,Indianapolis, IN 46237
$1,800,000
Virtual Tour
  • 2.8 Acres
  • Lots / Land
  • Active
Listed by: latoya dix
Office: dix realty group
MLS#:22054340
Source:IN_MIBOR

Price summary

  • Price:$1,800,000

About this home

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

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Home facts

  • Listing ID #:22054340
  • Added:180 day(s) ago
  • Updated:January 30, 2026 at 06:28 PM

Structure and exterior

  • Lot area:2.8 Acres

Utilities

  • Water:Municipal Water on Site

Finances and disclosures

  • Price:$1,800,000
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