Active

$199,900

8561 Shelbyville Rd, Indianapolis, IN 46259

--beds

--baths

2.19Acres

Unimproved Land, Residential Lots

Built in ----

2.19 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Flat versatile acreage

Exceptional 2 Acre Lot for Investment or Builder Opportunity in Franklin Township. This premium 2-acre parcel in highly desirable Franklin Township offers the perfect blend of country-style tranquility and modern city convenience. Ideal for building your custom dream home outside of a subdivision. The flat, versatile acreage features a structurally sound 30' x 50' clear-span pole barn built in 1988, equipped with impressive 16.5-foot ceilings and dual 14-foot overhead doors perfect for a workshop, heavy equipment, or Boat/RV storage. Plus, addition barn door on one side of building. Close access to Interstate 65, this property provides an effortless commute to downtown Indianapolis, Greenwood, and Franklin, making it a rare and lucrative canvas for a luxury estate or strategic residential development.

4 hours
53
10

Facts & features

Property

Lot

Size: 2.19 Acres
Features: Not In Subdivision, Mature Trees, Trees-Small (Under 20 Ft), Small Trees
Topography: Level

Details

Additional structures: Equipment Shed, See Remarks
Parcel number: 491619108024000300
Zoning: residential
Zoning description: Single Family
Special conditions: As Is,Defects/None Noted
Horse amenities: None

Utilities & green energy

Water: None, Not Applic

Community & HOA

Community

Subdivision: No Subdivision

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $28,400
Annual tax amount: $658
Date on market: 8/31/2026
Cumulative days on market: 1 day
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/31/2026	Listed for sale	$199,900+29%
Source: MIBOR as distributed by MLS GRID #22123337 Report a problem
11/12/2025	Sold	$155,000+3.3%
Source: IRMLS #202540802 Report a problem
10/12/2025	Pending sale	$149,999
Source: IRMLS #202540802 Report a problem
10/9/2025	Listed for sale	$149,999
Source: IRMLS #202540802 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$670 -8.6%	$28,400 -4.4%
2024	$733 -6%	$29,700
2023	$780 +0.9%	$29,700 +4.2%
2022	$773 +5%	$28,500 +7.1%
2021	$736 +0.1%	$26,600 +6.4%
2020	$735 +1.2%	$25,000 +2%
2019	$726 +0.8%	$24,500 +1.2%
2018	$720 -3.1%	$24,200 +0.8%
2017	$743 +5.8%	$24,000 +0.8%
2016	$702 -2.9%	$23,800 -1.2%
2014	$723 +10%	$24,100
2013	$657	$24,100 +10%
2012	$657	$21,900
2011	--	$21,900
2010	$657 +0%	$21,900
2009	$657	$21,900 -2.2%
2007	--	$22,400

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: South Franklin

Getting around

1 / 100

Car-Dependent

0 / 100

No Nearby Transit

25 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
Mary Adams Elementary School
Grades: K-3Distance: 1.2 mi
5/10
Franklin Central Junior High
Grades: 7-8Distance: 3 mi
7/10
Franklin Central High School
Grades: 9-12Distance: 2.5 mi

Schools provided by the listing agent

Elementary: Mary Adams Elementary School
Middle: Franklin Central Junior High
High: Franklin 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.