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Listed by Sharon Stamper Thompson • Keller Williams Indy Metro NE
$1,325,000
Est. payment /mo
7.3 Acres Lot
Active
876 N Raceway RD Indianapolis, IN 46234
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Key Details
Property Type Commercial
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22033386
HOA Y/N No
Tax Year 2023
Lot Size 7.300 Acres
Acres 7.3
Property Sub-Type Commercial Land
Property Description
Welcome to a rare blend of country-in-the-city living, rental income, and future development potential. This 3 bedroom, 1.5 bath updated brick ranch offers nearly 1,500 square feet of living space and is currently tenant occupied, providing income for investors and future flexibility for owners. Adjacent to the ranch is a 1,600 square foot heated barn featuring 17-foot ceilings-ideal for a home based business, workshop, storage, or hobby use. Whether you're expanding your home construction or landscaping business, dreaming of a mini-farm, need space for animals or a garden, or are considering future redevelopment, this site offers exceptional possibilities. The property spans 7.29 acres with farmland views, all within the desirable Avon Community School district yet with an Indianapolis address. Conveniently located just minutes from I-465, Ronald Reagan Parkway, and Avon's growing retail corridor, it offers the perfect balance of space, schools, and accessibility. This offering is subject to a new combination of parcels and survey as well as tenant rights. Current zoning is residential. Enjoy the potential of this unique opportunity.
Location
State IN
County Hendricks
Zoning Agricultural Residential
Interior
Fireplace N
Exterior
View Y/N false
Building
Sewer Municipal Sewer Near, Septic Tank
New Construction false
Schools
School District Avon Community School Corp
Others
Acceptable Financing Other
Listing Terms Other
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