Residential Land for Sale in Indianapolis, Indiana

5617 S Emerson Ave, Indianapolis, IN 46237

$750,000

3 acres

Active

$150k drop

Est $5,537/mo

Location

Street address: 5617 S Emerson Ave
County: Marion County
Community: Marion - Franklin
School district: Franklin Community School Corp
Elevation: 837 feet
Coordinates: 39.6858, -86.0821

Land for sale in Indiana

Directions

Emerson Ave South of I-465 past Thompson to Shelbyville Rd. Continue South on Shelbyville to 2nd property on left.

Property details

Acreage: 2.93 acres
Zoning: Residential
MLS #: MIBOR 21958266
Posted: Jan 30, 20242 years ago

Parcels

491503153010000300

Legal description

Pt Nw1/4 Sw1/4 S3 T14 R4 Beg 667.94' S & 55.05' E Of Nw Cor P.O.B. E201.98' N80' E250' S390.06' W215.77' N138' W236.21' N172.

Details and features

Listing

Type: Land
Subtype: Unimproved Land

Listing history

Date	Event	Price	Change	Source
Jan 23, 2026	Price drop	$750,000	$150,000 -16.7%	MIBOR
Jan 30, 2024	New listing	$900,000	—	MIBOR

Payment calculator

This 2.93-acre property is located at 5617 S Emerson Ave in Indianapolis, IN 46237. The property is available for sale for $750,000 with a price per acre of $255,973.

Listed by Real Broker, (317) 614-5445, Source

Checked 1 hour ago — Updated Jan 23, 2026

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