For Sale
Land for sale at 5740 S Emerson Ave, Indianapolis, IN 46237 | MLS# 22085663 | Listing updated on 2026-08-31
Photo 1 of Land for sale at 5740 S Emerson Ave, Indianapolis, IN 46237 | MLS# 22085663 | Listing updated on 2026-08-31
Photo 2 of Land for sale at 5740 S Emerson Ave, Indianapolis, IN 46237 | MLS# 22085663 | Listing updated on 2026-08-31
Photo 3 of Land for sale at 5740 S Emerson Ave, Indianapolis, IN 46237 | MLS# 22085663 | Listing updated on 2026-08-31
Photo 4 of Land for sale at 5740 S Emerson Ave, Indianapolis, IN 46237 | MLS# 22085663 | Listing updated on 2026-08-31
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Street View

$479,000

Monthly Est:$2,384

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon1.8acres lot

5740 S Emerson Ave, Indianapolis, IN 46237

$2,384/moEst:

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  • Unimproved Land

  • Built in -

  • $-- HOA

  • 1.8 acres lot

  • $266,111/acre

Description

Outstanding Development Opportunity - SELLER FINANCING -Available to qualified purchasers, with appropriate down payment and payoff schedules. 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.

  • Houzeo last checked: 12 hours ago
  • Listing updated: August 31, 2026 at 7:17 pm
  • Listing Provided by: Michael Huff | Keller Williams Indy Metro Partners (317) 882-5900
  • Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22085663 Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN

Property Details

  • Status

    Active

  • Type

    Land

  • No. of Stories

    -

  • County

    Marion County

  • City

    Indianapolis

  • Neighborhood

    I 65 South Emerson

  • Year Built

    -

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    1.8 acres lot

  • Basement Area

    - sqft

  • MLS Name

    Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS

  • MLS Number

    22085663

  • MLS Status

    Active

  • Days on Market

    227

  • Cumulative Days on Market

    191

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Interior

  • Sewer

    Public Sewer

Other Features

  • Subdivision Name

    No Subdivision

Price History

DateEventPrice

02/24/2026

Source: #MBR22085663

Listed for Sale

$479,000

$0/sqft

Based on information from MIBOR REALTOR® Association through Oct 07, 2026, 06:00AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.

Advertising Broker: Jonah Hartsburg | Hoosier Hub Realty