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(765) 505-4155
$899,000
5± Acres
Active
Johnson County, IN
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1301 Averitt, Greenwood, Indiana

MLS ID: MBR22122451
Status: Active
Price: $899,000
Acres: 5±
Type: Lot, Land, Residential
Address: 1301 Averitt
City, State: Greenwood, IN
County: Johnson County
ZIP Code: 46143
Lat/Long: 39.59763, -86.120456
Parcel Number: 410505032027001026

Description

Rare opportunity to own one of the last large residential investment properties in Greenwood! This approximately 5-acre, flat and usable property offers tremendous potential for builders, developers, and investors. Conveniently located approximately 20 minutes south of Downtown Indianapolis and just minutes from I-65, major shopping, parks, and highly rated Greenwood schools. The property is directly across from Greenwood Middle School and approximately half a mile from Greenwood High School and Freedom Park. Major utilities, including gas, electric, water, and sewer, are located along Averitt Road. Previous development plans outlined 13-20 duplexes, offering the potential for 26-40 total units subject to zoning and governmental approvals. The property also offers flexibility for custom home development, with potential lot sizes ranging from approximately 1/4-acre lots to larger estate-sized parcels. Currently on the property is an approximately 4,300-square-foot, 11/2-story home featuring 5 bedrooms, 3 bathrooms, 2 fireplaces, gas forced air, and central A/C. Additional improvements include an approximately 2,500-square-foot pole building, a 900-square-foot red barn, and a pool in need of improvements.

Directions: GPS Friendly

Additional Information

Exterior

Horse Amenities: Pasture
Lot Size Square Feet: 217,800
Other Structures: Barn(s)
Road Frontage Type: City Street
Road Surface Type: Asphalt
Water Source: Public

Financial/HOA/Schools

Days On Market: 7
Middle School: Greenwood Middle School
High School: Greenwood Community High Sch
High School District: Greenwood Community Sch Corp
Subdivision Name: No Subdivision
Zoning: RL

Extra Information

Documents Available: None Available
Virtual Tour: https://hotplatemedia.aryeo.com/sites/ezqwjzlq/unbranded

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Chad Renbarger

Chad Renbarger

Fortville, Indiana

(317) 418-7712

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© 2026 MIBOR REALTOR® Association Based on information submitted to the MLS GRID as of September 13, 2026 at 12:00:00 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listed By: Colton Cassel of Trueblood Real Estate - (317) 412-4611