5244 Shelbyville Road Indianapolis, IN ^$ 389,000

5244 Shelbyville Road

^$ 389,000

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Recently Listed New Construction

5244 Shelbyville Road

Indianapolis, IN, 46237

^$ 389,000

Studio Baths0.0 Sq 3,270

Monthly Estimate*

^$ 2,717

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Studio

Commercial Property for sale in Indianapolis, IN

for $389,000. This 3,270 square foot building was built on a lot size of 3.

Located at 5244 Shelbyville Rd. Just minutes away from Emerson Avenue exit on 465, this property has been permitted for nine lots, 18 condos. Please see attached blueprints. These are to be built by buyer. Location is excellent, very established well kept neighborhoods, with national and retail shopping conveniently located within minutes, airport is 30 minutes. Everything has been done, survey, blue prints, permits, just bring your builder! Tenant house on property is a Brick 3 Bed 1 1/2 Bath with attached garage, could keep tenants while preparing the ground. Or maybe you would love a house with acreage, a rarity in this area. This one has everything one needs close by, is it the perfect place for you?

Commercial Active

Price

^$ 389,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,288

Style

Multi-Family 5+

Lot Size

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21974479

Features

General

Utilities Electricity Connected Gas Nearby Sewer Connected Water Connected

Possession Subject To Tenants Rights

Roof See Remarks

Zoning Multi Family

Garage Spaces 2

Township Franklin

Levels One

Property SubType Multi-Family 5+

Tax Year 2023

Current Use Residential

Building Name To Be Built

County Marion

New Construction Y

Property Type Commercial Sale

Possible Use See Remarks

Status Active

Directions GPS Friendly

High School Franklin Central High School

City Indianapolis

Buyer Agent Compensation 3

View Y/N N

High School District Franklin Township Com Sch Corp

Total Units 18

MLS Area 4906 - Marion - Franklin

Lot Size Square Feet 130680

Waterfront Y/N N

Street Name Shelbyville

Middle/Junior High School Franklin Central Junior High

Additional Parcels Y/N Y

Days on Market 1

Standard Status Active

Tax Lot 49-15-03152-023.000-300

Buyer Agent Compensation Type %

Legal Description Beg 1549.16Ft W Of Ne Cor Pt Sw1/4 S3 T14 R4 S796.35Ft Nw 100.99Ft N 745.95Ft E 87.5Ft 1.55Ac 49-15-03-152-003.000-300 BEG 1636.66FT W OF NE COR SW 1/4 S3 T14 R4 745.95FTEL 100.95FT SWL 87.5FT NL PT

Exterior

Parking Features Attached

Lot Features See Remarks

Foundation Details Slab

Building Area Total 3270

Lot Size Acres 3

Road Surface Type See Remarks

Road Frontage Type See Remarks

Interior

Basement (Y/N) N

Street Suffix Road

* Excluded Features

List By

S & W Real Estate Llc

Broker

toddsacksteder@sbcglobal.net

Affordability Calculator

$3,075

Per Month

Monthly Principal & Interest: $2,717
Monthly Property Taxes: $357
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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

Trends
Schools

Commerical listings in Indianapolis, IN

Average List Price ^$765,782

Percent of Sale Price 97%

About Indianapolis, IN

843,184 Population

8% Since 2002

^$43,160 Median Income

35.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4045201 Elementary School

4050037 Middle School

Franklin Central High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/18/2024	$389,000		Listed Price

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5244 Shelbyville Road, Indianapolis, IN, 46237 is a Commercial Property for sale at $389,000 with 3,270 sqft and a lot size of 3. 5244 Shelbyville Road is a studio with 0.0 baths. The property's zip code is 46237 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is 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.

Data is updated as of 5/3/2024.

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5244 Shelbyville Road

Commercial Property for sale in Indianapolis, IN

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