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7338 5 Points Road

Indianapolis, IN 46259
  • $599,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 22114700
UPDATED: 31 min ago
$599,000
  • 0
    BEDS
  • 5.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Description

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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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-08-10T22:25:38.13. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
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7338 5 Points Road Indianapolis, IN 46259

  • Price: $599,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 31 min ago
  • MLS #: 22114700
0
Beds
0
Baths
0
½ Baths
5.8
Acres
Neighborhood:
No Subdivision
County:
Marion
Area:
4906 - Marion - Franklin
Elementary School:
Mary Adams Elementary School
Middle School:
Franklin Central Junior High
School District:
Franklin Township Com Sch Corp
Property Description
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.
Exterior Features

Horse Amenities NoneHay StoragePastureOther Land Characteristics CornerMature Trees Lot Information Corner LotNot In SubdivisionMature TreesVariance Other Structures Tenant HouseOther Road Access County RdFrontage Road Road Frontage Type County Road Road Surface Type Asphalt Soil Type Not Applic Topography Level

Property Features

Acres 5-10 Acres Association YN No Development Status Plat DesignedSurveyed Divisible No Dpr YN No Facilities Near ElectricGasWater Facilities On ElectricGasSewerWater Listing Terms Other New Construction YN No Possession Closing Present Zoning Multi-FamSingle FamilyVariance Property Sub Type Residential Lots Semi Annual Property Tax Amt 1596 Sewer Public Sewer Solid Waste No Tax Exemption Homestead Tax Exemption Tax Year 2025 Township Franklin Transaction Type Sale Type Not Applic Water Municipal Water on Site Water Source Public Zoning Residential

Listing provided courtesy of Midland Realty Group, Inc.: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-08-10T22:25:38.13. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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