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Land for Sale in Indianapolis, Indiana

5740 S Emerson Ave, Indianapolis, IN 46237

$479,000
1.8 acres
Active
ago
Est $3,536/mo

Outstanding Development Opportunity - HIGHLY MOTIVATED SELLER / Moving to Florida - Site includes an Existing Stormwater System and Detention Pond! Position your next office project on one of South Indianapolis' most active commercial corridors. 5740 S Emerson Ave offers 1.8 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: a 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. Surrounding investment continues to elevate the appeal of this corridor with new retail development immediately north at Emerson & Thompson including a 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 adjacent to the south adds future demand from a growing residential base-ideal for professional services and office users. With 28,000+ vehicles per day and access to I-465 & I-65 only 2 minutes away, this location checks all the boxes developers and end-users want: clean site, strong traffic, strong growth, and reduced upfront infrastructure cost.

Location

Street address
5740 S Emerson Ave
Community
Marion - Perry
School district
Perry Township Schools
Elevation
836 feet
Coordinates
39.6838, -86.0834

Property details

Acreage
1.8 acres
Zoning
C -1
MLS #
MIBOR 22085663
Posted

Parcels

  • 491504132003000500

Legal description

Details and features

Listing

Type
Land
Subtype
Unimproved Land
Franchise
Keller Williams Realty

Listing history

DateEventPriceChangeSource
Feb 24, 2026New listing$479,000MIBOR
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This 1.8-acre property is located at 5740 S Emerson Ave in Indianapolis, IN 46237. The property is available for sale for $479,000 with a price per acre of $266,111.

Checked 2 hours ago — Updated

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