Land with Home for Sale in Indianapolis, Indiana
5116 N Raceway Rd, Indianapolis, IN 46234
Rare find: 2.67-acre horse property in the Brownsburg school district under $400K. Established equestrian setup is ready day one - sand riding arena with post & board fencing, run-in shelter, detached tack house, hay storage, and fully fenced pasture turnout. Updated 3-bedroom ranch features refinished hardwood floors, updated kitchen, fully remodeled tile bathrooms, and 2-car attached garage. This hidden gem is all about the horses but the house itself is a unique find. No HOA, no subdivision restrictions. Just 20 minutes to downtown Indianapolis and minutes to Brownsburg amenities. Perfect for horse owners, hobby farmers, animal lovers, or anyone wanting acreage and outbuildings without leaving Brownsburg schools or the Indy commute behind. Move in, bring your horses, settle in.
Location
- Street address
- 5116 N Raceway Rd
- County
- Hendricks County
- Zip code
- 46234
- School district
- Brownsburg Community School Corp
- Elevation
- 868 feet
Property details
- Acreage
- 2.67 acres
- MLS #
- MIBOR 22105869
- Posted
Parcels
- 320808400004000015
Legal description
Pt Ne Se 8-16-2E 2.67Ac
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Franchise
- RE/MAX International
Lot
- Features
- Mature Trees, Not in Subdivision
Exterior
- Fencing
- Fenced, Gate, Perimeter
- Pool
- Patio
- Structures
- Outbuilding, Storage
- Features
- Storage Shed
Structure
- Style
- Ranch
- Stories
- 1
- Water
- Private
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air
- Materials
- Vinyl With Stone
Interior
- Room Count
- 7
- Rooms
- Bathroom x 2, Bedroom x 3
- Appliances
- Electric Oven, Gas Water Heater, Micro Hood, Refrigerator
- Features
- Eat-In Kitchen, Hardwood Floors
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Natural Gas | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 10, 2026 | Price drop | $349,900 | $25,000 -6.7% | MIBOR |
| June 25, 2026 | Price drop | $374,900 | $10,000 -2.6% | MIBOR |
| June 19, 2026 | Price drop | $384,900 | $14,100 -3.5% | MIBOR |
| June 5, 2026 | New listing | $399,000 | — | MIBOR |