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4817 Kollman Road

Indianapolis, IN 46241

ActiveListed Sep 1, 2026 · 20 days on market

Key facts

Lot
6.8 acres
Type
Land · Farm
MLS #
22124367
County
Marion
Subdivision
Decatur Commons

About this home

Prime 6.8-acre development opportunity at 4817 Kollman Road in Indianapolis, Indiana. This property offers an excellent opportunity for builders, developers, and investors looking to create a new residential neighborhood in an established and growing area. The property is currently zoned FARMLAND and includes a single-family residence originally constructed in 1938. The existing home is not considered part of the property's long-term development plan and will need to be removed as part of a future redevelopment project, subject to applicable approvals. With approximately 6.8 acres of land, the property provides substantial space for a potential residential development. A future owner may pursue a zoning change to allow residential development, creating the opportunity to develop a neighborhood that complements the surrounding area. Buyers should conduct their own due diligence regarding zoning, permitted uses, utilities, subdivision requirements, access, density, and all necessary governmental approvals. Location is a major advantage. The property is situated along a newly paved asphalt road and is surrounded by an already established residential area and other residential structures, providing an ideal setting for a neighborhood development. The property is also within walking distance of major area employers, offering convenient access to employment centers for future residents. Adding to its appeal, the property is approximately an eight-minute drive to Indianapolis International Airport, making it particularly attractive for commuters, business travelers, and residents seeking convenient access to one of the region's major transportation hubs. Whether you're a residential developer seeking your next project or an investor looking for land with future redevelopment potential, 4817 Kollman Road presents a rare opportunity to acquire 6.8 acres in an established Indianapolis setting and pursue the creation of a new residential community. Buyer to

Description provided by the listing brokerage.

Exterior

Other structures
Barn(s)No ValueShed(s)Tenant House

Systems

Sewer
Public Sewer

Lot and HOA

Zoning
farmland

Schools

Elementary school
Valley Mills Elementary School
Middle school
Decatur Middle School
High school
Decatur Central High School
School district
MSD Decatur Township

Taxes

Estimated annual tax
$2,942 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$4,488per month, estimated
Principal and interest $3,967Property tax $245Insurance $275
20% · $157,400
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$787,000
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