This vast property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. Has been approved to allow the construction of additional homes and approved to split into 2, 4 or 5 separate parcels (Plat maps attached) the option of a private driveway with private gate, also a tennis court or playground which you can see on attached approved plat maps. Zoning allows horse boarding on property and possible zoning request for retail. Front of the property features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20x32 feet and an above-ground swimming pool wooden deck. This site presents an excellent opportunity for the development of private subdivision, with approved potential for subdividing into 5 parcels of one acre each, 4 parcels or 2 parcels. Previous plans for a small gated community are available upon request. This well-maintained multifunctional real estate asset situated at the highly sought after corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space
Sep 10, 2025 • Final
Electrical - non-residential
Electrical
Jun 3, 2025 • Final
Right of way permit-excavation
Install a fiber optic utility cabinet on a concrete slab with handholds, marker and test stations, an electrical service meter h-frame, and protective bollards. Perform underground work for fiber and electrical conduits and a grounding halo. Restore all disturbed areas to grass.
Electrical
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46259
Average low and high temperatures (°F)
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39
68
48
71
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70
81
63
80
58
70
47
53
39
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7338 5 Points Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $249,500 and $472,500.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $250K to $473K.