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Jason Terry

jason@bespoque.properties +1(317) 678-7667

Listed by Colton Cassel • Trueblood Real Estate

$ 899,000

Est. payment | -/mo

5 Beds

3 Baths

4,112 SqFt

Save Virtual Tour

$ 899,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

4,112 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,112 sqft

Price per Sqft $218

Subdivision No Subdivision

MLS Listing ID 22122443

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1930

Tax Year 2025

Lot Size 5.000 Acres

Acres 5.0

Property Sub-Type Single Family Residence

Property Description

Rare opportunity to own one of the last large residential investment properties in Greenwood! This approximately 5-acre, flat and usable property offers tremendous potential for builders, developers, and investors. Conveniently located approximately 20 minutes south of Downtown Indianapolis and just minutes from I-65, major shopping, parks, and highly rated Greenwood schools. The property is directly across from Greenwood Middle School and approximately half a mile from Greenwood High School and Freedom Park. Major utilities, including gas, electric, water, and sewer, are located along Averitt Road. Previous development plans outlined 13-20 duplexes, offering the potential for 26-40 total units subject to zoning and governmental approvals. The property also offers flexibility for custom home development, with potential lot sizes ranging from approximately 1/4-acre lots to larger estate-sized parcels. Currently on the property is an approximately 4,300-square-foot, 11/2-story home featuring 5 bedrooms, 3 bathrooms, 2 fireplaces, gas forced air, and central A/C. Additional improvements include an approximately 2,500-square-foot pole building, a 900-square-foot red barn, and a pool in need of improvements.

Location

State IN

County Johnson

Rooms

Main Level Bedrooms 3

Interior

Heating Natural Gas

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Other

Fireplace Y

Appliance Dishwasher

Exterior

Garage Spaces 3.0

Water Access Desc Public

Building

Story One and One Half

Foundation Crawl Space

Water Public

Architectural Style Traditional

Structure Type Wood Siding

New Construction false

Schools

Middle Schools Greenwood Middle School

High Schools Greenwood Community High Sch

School District Greenwood Community Sch Corp

Others

Virtual Tour https://www.zillow.com/view-imx/70e55859-d276-466d-b2cd-ad3e283fb85d?wl=true&setAttribution=mls&initialViewType=pano

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 678-7667

jason@bespoque.properties

760 S Rangeline Rd, Carmel, IN 46032-3035, USA

1301 Averitt RD Greenwood, IN 46143