7338 5 Points Road Indianapolis, IN $ 599,000
7338 5 Points Road
$ 599,000
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7338 5 Points Road

Indianapolis, IN, 46259
$ 599,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 4,137

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Lots and Land for sale in Indianapolis, IN

for $599,000. The lot size is 5.8.

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.

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Lots and Land Active

Price

$ 599,000

Property Type

Lots and Land

Taxes

$ 3,192

Style

Residential Lots

Lot Size

5.8

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22114700

Features
General
Sewer Public Sewer
Possession Closing
Development Status Plat Designed Surveyed
Zoning Residential
Topography Level
Township Franklin
Property Subtype Residential Lots
Tax Year 2025
Additional Parcels Description Approved plat options to split into 4 or 5 plots and private driveway & gate.
County Marion
New Construction N
Property Type Land
HOA N
Subdivision Name No Subdivision
Other Structures Tenant House Other
Status Active
Directions GPS Friendly
City Indianapolis
High School District Franklin Township Com Sch Corp
MLS Area 4906 - Marion - Franklin
Lot Size Square Feet 61942
Elementary School Mary Adams Elementary School
Middle/Junior High School Franklin Central Junior High
Additional Parcels Y/N Y
Standard Status Active
Tax Lot Pt Ne1/4 S14 T14 R4 Beg
Legal Description Pt Ne1/4 S14 T14 R4 Beg 894' N Of Se Cor P.O.B. S241.44' W258.84' N241.44' E258.84' To Beg
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Exterior
Lot Features Corner Lot Not In Subdivision Mature Trees Variance
Water Source Public
Lot Size Acres 5.8
Road Surface Type Asphalt
Road Frontage Type County Road
Horse Amenities None Hay Storage Pasture Other
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* Excluded Features
List By
Midland Realty Group, Inc.

Broker

midlandrealtygroup@yahoo.com

Email

Affordability Calculator

$4,403
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,137
Monthly Property Taxes
$266
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4051971 Elementary School
4050037 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$599,000 Listed Price

Map


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7338 5 Points Road, Indianapolis, IN, 46259 is a Lots and Land for sale at $599,000 with a lot size of 5.8. 7338 5 Points Road has 0.0 baths. The property's zip code is 46259 which is in Indianapolis, IN