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876 N Raceway Road

Indianapolis, IN 46234

– beds
– baths
– sqft
~7 acre lot

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.

Listing courtesy of MIBOR / Keller Williams Indy Metro NE

Last checked: Checking… • Last updated Apr 19, 2025 •

MLS# 22033386 —

The Building

New Construction:

false
Development Status:

Zoning Change Required, See Remarks

Location

Directions:

GPS Friendly
Latitude:

39.776187
Longitude:

-86.327299

The Property

View:

true
Property Type:

Land
Property Subtype:

Commercial Land
Parcel Number:

320905200016000022
Acres:

5-10 Acres
# of Lots:

1
Lot Features:

Irregular Lot, Mature Trees, See Remarks
Lot Size Acres:

7.3
Lot Size SqFt:

317,988 Sqft
Price Per Acre:

181507
Type:

Agric Land,See Remarks
Divisible:

Yes
Zoning:

Agricultural Residential
Present Zoning:

Agricultur,See Remarks
Topography:

Level
Land Characteristics:

City,Mature Trees
Additional Parcels:

true
Additional Parcels Description:

See Tax Description and Remarks
View:

false
Waterfront:

false
Horse Amenities:

None
Fence:

Yes
Current Use:

Agriculture, Residential
Soil Type:

Not Applic
Road Access:

Access Rd
Road Frontage Type:

City Street, See Remarks
Road Surface Type:

Asphalt, See Remarks

Listing Agent

Contact info:

Taxes

Tax Lot:

32-09-05-200-016.000-022
Tax Year:

2023
Tax Exemptions:

None
Semi Annual Property Tax Amt:

2000

Utilities

Water:

Municipal Water on Site
Sewer:

Municipal Sewer Near, Septic Tank
Solid Waste:

No

Schools

High School District:

Avon Community School Corp

The Community

Subdivision Name:

No Subdivision
Facilities On:

Water
Facilities Near:

Cable,Electric,Water
Association:

false

Extra Units

Other Structures:

Barn(s), Shed(s), Tenant House

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/18/25 Apr 18, 2025	Listed / Active	MIBOR	$1,325,000

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This plot of land located in West Side, Indianapolis, IN 46234 is currently for sale for $1,325,000. 876 N Raceway Road is a – square foot plot of land with – beds and – baths. 876 N Raceway Road is in the West Side neighborhood of Indianapolis and has a WalkScore® of 40, making it car-dependent. This plot of land is in the attendance area of Avon Intermediate School East, Avon High School, White Oak Early Learning Center, Avon Middle School North, and Maple Elementary School.

Listing Courtesy of: MIBOR and Keller Williams Indy Metro NE.

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