5244 Shelbyville Road, Indianapolis, IN 46237
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
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 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.
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Home facts
- Listing ID #:22054340
- Added:53 day(s) ago
- Updated:September 25, 2025 at 01:28 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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