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
Active
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
- 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#: 22124367
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
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Price change | $787,000-7.4% |
Source: | ||
| 9/3/2026 | Listed for sale | $850,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
Climate risks
Neighborhood: Ameriplex
Nearby schools
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.



