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  • $479,000

    5740 S Emerson Ave, Indianapolis, IN 46237

    --beds
    --baths
    1.8Acres
    Unimproved Land
    Built in ----
    1.8 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Clean site
    Outstanding Development Opportunity - HIGHLY MOTIVATED SELLER / Moving to Florida. Position your next office project on one of South Indianapolis' most active commercial corridors - One of the few shovel-ready office development sites remaining on South Emerson Avenue. 5740 S Emerson Ave offers 1.80 acres zoned C-1 (Office) with 199 feet of frontage and full curb cut providing full-in/full-out access-a rare combination of visibility and easy site circulation for virtually any office concept (medical, professional, service office, or owner-user). This site delivers an enormous head start on development: an existing stormwater drainage system with Aqua-Swirl unit and detention pond is already in place, sized for full buildout-a major time and cost advantage that can streamline civil design and accelerate your schedule. RECENT AREA DEVELOPMENT - Surrounding investment continues to elevate the appeal of this corridor with new retail development at Emerson & Thompson including new Wawa, Chick-fil-A, and Crew Carwash, as well as a recently added Kroger, VASA Fitness and Dutch Bros Coffee. Additionally, a proposed apartment development immediately south adds future demand from a growing residential base-ideal for professional services and office users. With 38,000+ vehicles per day and nearly immediate access to I-465 and I-65, this location checks all the boxes developers and end-users want: clean site, strong traffic, strong growth, and reduced upfront infrastructure cost.
    148 days
    |
    32
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Huff 317-443-5016,

    Keller Williams Indy Metro Partners

    Source: MIBOR as distributed by MLS GRID,MLS#: 22085663MLS Logo

      Facts & features

      Property

      Lot
      • Size: 1.8 Acres
      • Features: Rectangle
      • Topography: Level
      Details
      • Parcel number: 491504132003000500
      • Zoning: C -1
      • Zoning description: Commercial
      • Horse amenities: None

      Utilities & green energy

      • Water: Municipal Water Near By

      Community & HOA

      Community
      • Subdivision: No Subdivision
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $241,600
      • Annual tax amount: $6,750
      • Date on market: 2/24/2026
      • Cumulative days on market: 152 days
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        2/24/2026Listed for sale$479,000+27.7%
        Source: MIBOR as distributed by MLS GRID #22085663 Report a problem
        8/19/2015Sold$375,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,749 0%$241,600
        2024$6,750 -0.3%$241,600
        2023$6,770 +1%$241,600
        2022$6,704 -0.6%$241,600 +10%
        2021$6,747 -0.2%$219,700
        2020$6,760 -1.3%$219,700
        2019$6,851 -0.2%$219,700
        2018$6,868 -3%$219,700
        2017$7,082 +4.8%$219,700
        2016$6,758 +4.7%$219,700
        2014$6,455 +1080.2%$219,700 +748.3%
        2010$547 +3.9%$25,900
        2009$527 $25,900
        2007-- $25,900
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: South Emerson

        Getting around

        29 / 100
        Car-Dependent
        25 / 100
        Some Transit
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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