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

MLS: 21679722   Type: Com Land   County: Marion   City: Indianapolis   Area: 4906-marion - Franklin   Neighborhood: No Subdivision   Zip: 46259   Style: Medical,Office,Resident     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

Affected by Disclosures 0
Area 4906 - Marion - Franklin
Available for Showing 1
BAC Amount BACAmount%
Contingency Act with no Contingency
Cumulative Days on Market 393
Disclosure Other Sales Disclosure Supplements, Not Applicable
Disclosures Not Applicable
Full Baths 0
Half Baths 0
Inspection Warranties General
Listing Type Exclusive Right to Sell
Options NotApplic
Possession Negotiable
Potential Zoning Commercial, Planned Development, Professional-Office
Present Use Resident
Present Zoning Single Family, See Remarks
Property Description Location, Location
Property Type VacantLots/Land
Proposed Use Medical, Office, Resident
Road Frontage CityStreet
School District Franklin Township
Sewer Municipal Sewer Near
Status Active
Sub Type Commercial Land
Tax Year 2018
Topography Level
Township Franklin
Type SeeRemarks
Water Well on Site
Zoning Res

Interior Features

Beds Total 0
Total Baths 0.00

Exterior Features

Acres 5-10 Acres
Buildings Utility Buildings(s)
Improvements FenceMetal
Land Characteristics Commercial Park, Rectangle, Rural Not in Subdivision, See Remarks
Lot Size 300x719
Road Access Frontage Road, CityStreet
Road Surface Asphalt
Usable Acres 5.0000

Property Schools

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Gallery (13 photos)

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Property vs Zip Code Avg (46259)

Price 1.50M Avg 1.63M

Taxes $3,856 Avg $5,388

Acres 5 Avg 8.43

Visits 7 Avg 36

Days on Site 444 Avg 791

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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