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8561 Shelbyville Road

Indianapolis, IN 46259

PendingListed Aug 31, 2026 · 8 days on market

Key facts

Lot
2.19 acres
Type
Land · Residential Lots
MLS #
22123337
County
Marion
Subdivision
No Subdivision

About this home

Exceptional 2 Acre Lot for Investment or Builder Opportunity in Franklin Township. This premium 2-acre parcel in highly desirable Franklin Township offers the perfect blend of country-style tranquility and modern city convenience. Ideal for building your custom dream home outside of a subdivision. The flat, versatile acreage features a structurally sound 30' x 50' clear-span pole barn built in 1988, equipped with impressive 16.5-foot ceilings and dual 14-foot overhead doors perfect for a workshop, heavy equipment, or Boat/RV storage. Plus, addition barn door on one side of building. Close access to Interstate 65, this property provides an effortless commute to downtown Indianapolis, Greenwood, and Franklin, making it a rare and lucrative canvas for a luxury estate or strategic residential development.

Description provided by the listing brokerage.

Exterior

Other structures
Equipment ShedSee Remarks

Systems

Sewer
Not Applicable

Lot and HOA

Lot features
Not In SubdivisionMature TreesTrees-Small (Under 20 Ft)
Zoning
residential

Schools

Elementary school
Mary Adams Elementary School
Middle school
Franklin Central Junior High
High school
Franklin Central High School
School district
Franklin Township Com Sch Corp

Taxes

Estimated annual tax
$658 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,132per month, estimated
Principal and interest $1,008Property tax $55Insurance $70
20% · $39,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$199,900
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