Outstanding Development Opportunity - SELLER FINANCING -Available to qualified purchasers, with appropriate down payment and payoff schedules. 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.
Active
$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
- 193 days
- 61
- 5
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#: 22085663
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: 197 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Listed for sale | $479,000+27.7% |
Source: | ||
| 8/19/2015 | Sold | $375,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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




