4817 Kollman Road Indianapolis, IN $ 787,000
4817 Kollman Road
$ 787,000
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4817 Kollman Road

Indianapolis, IN, 46241
$ 787,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 5,436

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Lots and Land for sale in Indianapolis, IN

for $787,000. The lot size is 6.8.

Prime 6.8-acre development opportunity at 4817 Kollman Road in Indianapolis, Indiana. This property offers an excellent opportunity for builders, developers, and investors looking to create a new residential neighborhood in an established and growing area. The property is currently zoned FARMLAND and includes a single-family residence originally constructed in 1938. The existing home is not considered part of the property's long-term development plan and will need to be removed as part of a future redevelopment project, subject to applicable approvals. With approximately 6.8 acres of land, the property provides substantial space for a potential residential development. A future owner may pursue a zoning change to allow residential development, creating the opportunity to develop a neighborhood that complements the surrounding area. Buyers should conduct their own due diligence regarding zoning, permitted uses, utilities, subdivision requirements, access, density, and all necessary governmental approvals. Location is a major advantage. The property is situated along a newly paved asphalt road and is surrounded by an already established residential area and other residential structures, providing an ideal setting for a neighborhood development. The property is also within walking distance of major area employers, offering convenient access to employment centers for future residents. Adding to its appeal, the property is approximately an eight-minute drive to Indianapolis International Airport, making it particularly attractive for commuters, business travelers, and residents seeking convenient access to one of the region's major transportation hubs. Whether you're a residential developer seeking your next project or an investor looking for land with future redevelopment potential, 4817 Kollman Road presents a rare opportunity to acquire 6.8 acres in an established Indianapolis setting and pursue the creation of a new residential community. Buyer to

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Lots and Land Active

Price

$ 787,000

Property Type

Lots and Land

Taxes

$ 2,942

Style

Farm

Lot Size

6.8

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22124367

Features
General
Sewer Public Sewer
Possession Closing
Development Status NoStatus
Zoning farmland
Topography Level
Township Decatur
Property Subtype Farm
Tax Year 2025
County Marion
New Construction N
Property Type Land
HOA N
Subdivision Name Decatur Commons
Other Structures Barn(s) No Value Shed(s) Tenant House
Status Active
Directions GPS Friendly
High School Decatur Central High School
City Indianapolis
High School District MSD Decatur Township
MLS Area 4908 - Marion - Decatur
Lot Size Square Feet 296339
Elementary School Valley Mills Elementary School
Middle/Junior High School Decatur Middle School
Standard Status Active
Tax Lot 2790.56
Legal Description Pt Se1/4 S35 T15 R2 587' N Sw Cor P.O.B. N296' E883' S296' W883' To Beg 6Ac
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Exterior
Lot Size Acres 6.8
Road Surface Type Asphalt
Road Frontage Type City Street
Horse Amenities None
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* Excluded Features
List By
Re/Max Acclaimed Properties

Broker

corygrass@gmail.com

Email

Affordability Calculator

$5,681
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,436
Monthly Property Taxes
$245
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
4058119 Elementary School
4049262 Middle School
Decatur Central High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2026$787,000 -7.41% Price Down
9/3/2026$850,000 Listed Price

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4817 Kollman Road, Indianapolis, IN, 46241 is a Lots and Land for sale at $787,000 with a lot size of 6.8. 4817 Kollman Road has 0.0 baths. The property's zip code is 46241 which is in Indianapolis, IN