Improved Mixed-Use Land for Sale in Indianapolis, Indiana

Rare multi-use property on 4.3 acres with several income producing structures already in place*. Property is ideal for Home Business, Multi-Generational Living or Investment. WELCOME to your dream compound near "Speedway" yet with all the peace and freedom of country living. Property includes ranch home + in-law quarters, pool, pole barn, and several income-producing opportunities. The spacious ranch home has over 3500 sq ft featuring a step-down living room, fireplace & a dedicated in-law quarters with private entrance, kitchen, living space, bedroom & bathroom--ideal for extended family or guests. Currently tenant occupied & tenant is doing some renovations. Car enthusiasts & business owners will appreciate the massive, detached garage with room for up to 8 vehicles. Whether you're a collector, mechanic or entrepreneur there's a studio space or additional structure perfect for you! Property is zoned A3 & laid out to support a variety of uses from residential living to running a business (or several), storing equipment or simply enjoying your own private retreat with room to grow. Off of left driveway is 1920s bungalow with recent upgrades & rented-Would make a perfect Airbnb, long-term rental or insurance or law office. A third structure is a 20x36 workshop or again with more finishing could make a cozy rental home. A concrete slab is available for more 'building' or parking! Behind housing structures is a huge pole barn that is currently being rented by a dog rescue & finishing out the 4.3 acres includes a fenced pasture, suitable for livestock, gardening & recreational use. Convenient location with easy access to Speedway shopping and great schools. Repeat listing in multi-family section.