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  • Price cut: $63K (9/21)
    $787,000

    4817 Kollman Rd, Indianapolis, IN 46241

    --beds
    --baths
    6.8Acres
    Unimproved Land, Farm
    Built in ----
    6.8 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Newly paved asphalt road
    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
    18 days
    143
    2

    Zillow last checked:

    Listing updated:

    Listed by:

    Cory Grass corygrass@gmail.com,

    RE/MAX Acclaimed Properties

    Source: MIBOR as distributed by MLS GRID,MLS#: 22124367MLS Logo

      Facts & features

      Property

      Lot
      • Size: 6.8 Acres
      • Features: Mature Trees, Rectangle, Wooded
      • Topography: Level
      Details
      • Additional structures: Barn(s), Shed(s), Tenant House
      • Parcel number: 491235116001000200
      • Zoning: farmland
      • Zoning description: Agricultur
      • Horse amenities: None

      Utilities & green energy

      • Water: Municipal Water on Site

      Community & HOA

      Community
      • Subdivision: Decatur Commons
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $254,000
      • Annual tax amount: $2,942
      • Date on market: 9/3/2026
      • Cumulative days on market: 21 days
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/21/2026Price change$787,000-7.4%
        Source: MIBOR as distributed by MLS GRID #22124367 Report a problem
        9/3/2026Listed for sale$850,000
        Source: MIBOR as distributed by MLS GRID #22124367 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,002 +11.3%$254,000 +1.4%
        2024$2,699 +0.6%$250,600 +11.7%
        2023$2,683 +19.4%$224,300 +5.8%
        2022$2,246 +19.1%$212,000 +20.9%
        2021$1,886 -1.4%$175,400 +17.5%
        2020$1,912 +8.4%$149,300 -0.4%
        2019$1,764 +4.8%$149,900 +7.1%
        2018$1,683 -10.9%$140,000 +7.5%
        2017$1,890 +6.9%$130,200 -6.5%
        2016$1,769 +5.7%$139,300 +5.3%
        2014$1,673 +51.2%$132,300 +0.5%
        2013$1,106 $131,600 +3.7%
        2012$1,106 $126,900 +6.7%
        2011-- $118,900 +6.8%
        2010$947 +2.1%$111,300 +0.1%
        2009$928 $111,200 -3.1%
        2007-- $114,800
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Ameriplex

        Getting around

        37 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Valley Mills Elementary School
        • Middle: Decatur Middle School
        • High: Decatur Central High School

        Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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