Improved Mixed-Use Land for Sale in Indianapolis, Indiana

868 N Raceway Rd Indianapolis, IN 46234

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$1,800,000
9 acres
Active
Est $10,543/mo

Unlock the potential of this 9-acre property, perfectly suited for home-based businesses, business or land development opportunities. Located with an Indianapolis address and Avon schools, this versatile estate offers a prime combination of location, space, and functionality to support your entrepreneurial ambitions or future development. The quality-built farmhouse includes two 200-amp services and a half bath in the attached three-car garage, providing flexibility for home office use, workshop use, or other professional needs. A 40 x 40 pole barn, also equipped with 200-amp service, adds valuable space for storage, farming or additional business operations. The expansive property layout allows for plenty of room to accommodate future expansions or adaptations to suit your business goals. The farmhouse itself is designed to impress, featuring a dramatic sunroom with tongue and groove carsiding, a great room with soaring 22-foot ceilings and custom fireplace, plus a spacious dining room perfect for meetings or hosting events. A fully finished basement with second kitchen further enhances the property's potential for entertainment or accommodations. The main house includes a large fenced backyard, pool, and gazebo that could be used for company gatherings or recreational amenities. This property includes a separate parcel with a three-bedroom rental house on the corner generating monthly income. With home-based business uses already allowed and ample space for additional development, this property is an ideal canvas for your vision. Some furnishings available separately. Don't miss this exceptional opportunity to combine business and lifestyle in one versatile location.

4,045
Sq feet
1993
Built

Location

Street Address
868 N Raceway Rd
Community
Hendricks - Washington
School District
Avon Community School Corp
Elevation
810 feet
Coordinates
39.7755, -86.3285

Property details

Zoning
Residential/Commercial
MLS #
MIBOR 22018255
Posted

Parcels

  • 320905200017000022

Legal description

This 9.04-acre property is located at 868 N Raceway Rd in Indianapolis, IN 46234. The property is currently available for sale for $1,800,000. It has a 4,045 sq ft structure built in 1993. Listing data is sourced from MIBOR # 22018255.

Verify sale details at the property source or contact Keller Williams Indy Metro NE at (317) 564-7100.

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Copyright (C) 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Checked 1 hour ago. Updated . Parcel data by Regrid.

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