5244 Shelbyville RoadIndianapolis, IN 46237
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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.
| 4 weeks ago | Listing first seen on site | |
| 4 weeks ago | Listing updated with changes from the MLS® |
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Based on information submitted to the MLS GRID as of 2025-08-29 10:23 PM UTC. 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.
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