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7040 South Franklin Road Indianapolis, IN 46259

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For Sale
$999,000

5-acre parcel ideal for commercial development in growing area.

Type:V, V-COM
Lot size:
5.00 Acres
Added:
Jul 15, 2025
Days on Market:
268
Last Refresh:
Apr 3 at 4:58 am

Property Features for 7040 South Franklin Road

General Information

Standard status
Active
Lot size
5.00 Acres
Property subtype
V, V-COM

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Listing Contact
John Merrill

Listing agent John Merrill License #RB14036883, Indiana

Listing office Merrill Property Group

Listing date Jul 15, 2025

Source Realnex

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Merrill Property Group


Overview

Prime Land Parcel For Development

This 5-acre parcel is situated on Franklin Road, south of a new Kroger retail center, and offers ample room for commercial development. The location is experiencing rapid growth, with apartments under development across the street, as well as a large single-family home neighborhood. The site is suitable for complementary uses such as senior housing or a medical office. The parcel will require rezoning to a commercial use.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Hamilton
State
Indiana
Longitude
-86.01988
Latitude
39.664726

FAQs

What type of property is this?
Commercial land - 5-acre parcel ideal for commercial development in growing area.
Where is this commercial land located?
The property is located at 7040 South Franklin Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime location on Franklin Road, south of the new Kroger retail center.; 5‑acre parcel suitable for commercial development.; Rapidly growing Franklin Township.
More about this property
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