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Land for Sale in Indianapolis, Indiana

5740 S Emerson Ave, Indianapolis, IN 46237

$479,000
1.8 acres
Active sale
Est $3,531/mo

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.

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.

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