$1,500,000 7040 S Franklin Road Indianapolis, IN

MLS: 21679714   Type: Commercial   County: Marion   City: Indianapolis   Area: Franklin   Zip: 46259   Style: Place of Worship,Medical,Office     Stories: 1   Taxes: $3,856

Mortgage $7,042 /mo



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Location, Location, Location. This home with 5 acres is sitting in the heart of Franklin township in a fast growing area. Just a block away is a newly opened Mcdonald at the corner of Franklin and Southport Roads as well as Kroger with a strip mall. To the east is a new development started with approximately 300 homes. There is 300' road frontage. The property is in the comprehensive plans for Franklin township for commercial office use. This could include offices, health facilities, daycare facilities, private school, bank, plus many other uses. This property and two listed properties on Southport Road are connected and in the plans for the same use by the township. See 21678227 and 21610971 for a total of about 15 acres.

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Price History

11/17/2020 Listed $1,500,000

City Indianapolis
Contingency Act with no Contingency
County Marion
Current Financing Conventional, Conventional
Current Use Residential
Days on Market 507
Disclosures Not Applicable
New Construction N
Possession Negotiable
Possible Use Place of Worship, Medical, Office, See Remarks
Property SubType Office
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 1
Street Name FRANKLIN
Tax Year 2018
Total Rooms 0
Township Franklin
Year Built 1989
Zoning Residential

Interior Features

Full Baths 0
Half Baths 0
Street Suffix Road
Total Baths 0
Total Bedrooms 0

Exterior Features

Building Area Total 0
Lot Size Acres 5
Road Frontage Type City Street
Road Surface Type Asphalt

Property Schools

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Property vs Zip Code Avg (46259)

Price 1.50M Avg 1.08M

Sqr Feet 3,230 Avg 2,777

Cost / Sqr Ft $464 Avg $391

Taxes $3,856 Avg $3,389

Acres 5 Avg 4.23

Visits 49 Avg 120

Days on Site 135 Avg 544

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Listing Provided Courtesy Of: Cheri Meeks with Hoosier, REALTORS

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Location & Address

Dr. Tom Galovic
50 Airport Parkway, Suite D
Greenwood, IN