Residential Land for Sale in Indianapolis, Indiana
7525 McFarland Blvd, Indianapolis, IN 46237
Prime Multifamily Development Opportunity - 128 Units Approved Excellent location just off Emerson Avenue, with approvals in place for 128 apartment units, including a clubhouse and swimming pool. The property consists of approximately 7.5 acres and is zoned D-6II. Ideally located just minutes from Costco, Greenwood, major highways, shopping, dining, and significant new development throughout the surrounding area. Property Highlights: Approved for 128 apartment units Approximately 7.5 acres D-6II zoning Planned clubhouse and pool Approximately 2 minutes from Costco Convenient access to Greenwood and major highways Strong development activity in the surrounding area Open to an outright sale or Joint Venture (JV) Serious and qualified buyers/investors only.
Location
- Street address
- 7525 McFarland Blvd
- County
- Marion County
- Zip code
- 46237
- School district
- Perry Township Schools
- Elevation
- 819 feet
Property details
- Acreage
- 7.5 acres
- Zoning
- Residential, multifamily
- MLS #
- MIBOR 22127118
- Posted
Property taxes
- 2025
- $4,580
Parcels
- 491516117021000500
Legal description
Homestead Senior Living L1
Details and features
Listing
- Type
- Land
- Zoning
- Planned Development
Lot
- Features
- Undeveloped
Structure
- Sewer
- Public Sewer
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 19, 2026 | New listing | $2,499,000 | — | MIBOR |