5151 S Franklin Rd, Indianapolis, IN 46239
OFF MARKET

5151 S Franklin Rd
Indianapolis, IN 46239

Galludet

    $1,137,900

    Trulia Estimate
    as of Jun 19, 2026
    Est. Refi. Payment $6,691/mo*
    Refinance Your Home

    $1,137,900

    Trulia Estimate
    as of Jun 19, 2026
    Est. Refi. Payment $6,691/mo*
    Refinance Your Home
    (on 15 acres)

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    Description

    15 Acres remaining with the Potential for Commercial Development within Franklin Township Growth Corridor. Road frontage on South Franklin Road and Road Frontage on E. Thompson. All utilities at/near site. Currently zoned I2S for potential Research Park or Multi-Family use. Possible zoning for C-1 (i.e. assisted living, religious, office space, nursing home, etc.)
    This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 23, 2023

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for 5151 S Franklin Rd

    Active Status

    MLS Status: Sold

    Exterior Features

    Frontage
    Road Frontage: FrontageRd, City Street, Easement, Frontage RoadRoad Surface Type: Asphalt
    Water & Sewer
    Sewer: Municipal Sewer Near
    Surface & Elevation
    Topography: Cleared, Level

    Days on Market

    Cumulative Days on Market: 945

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land, Agriculture
    Building
    Not a New ConstructionNo Additional Parcels
    Property Information
    Usage of Home: Industrial, Medical, OfficeParcel Number: 0491606100008000300

    Price & Status

    Price
    List Price: $1,500,000
    Status Change & Dates
    Off Market Date: Tue Jun 28 2022Possession Timing: Close Of Escrow

    Location

    Direction & Address
    City: IndianapolisCommunity: No Subdivision
    School Information
    High School District: Franklin Township Com Sch Corp

    Lot Information

    Lot Area: 15 Acres

    Listing Info

    Special Conditions: Other

    Miscellaneous

    Mls Number: 21725898
    Last check for updates: about 8 hours ago
    Listed by Daniel Nichols
    REALTY WORLD-Harbert Company
    Trisha Benefield, (317) 600-6970
    REALTY WORLD-Harbert Company
    Bought with: Jhirmal Singh, Midland Realty Group, Inc.
    Source: MIBOR as distributed by MLS GRID, MLS#21725898

    Price History for 5151 S Franklin Rd

    DatePriceEventSource
    06/22/2023$1,425,000Sold
    MIBOR as distributed by MLS GRID #21725898
    06/28/2022$1,500,000PendingMIBOR as distributed by MLS GRID #21725898
    01/12/2022$1,500,000Listed For SaleMIBOR as distributed by MLS GRID #21725898
    01/07/2022$701,260Sold
    MIBOR as distributed by MLS GRID #21725903
    01/06/2022$720,000PendingMIBOR as distributed by MLS GRID #21725903
    12/07/2021$1,695,000Listed For SaleMIBOR as distributed by MLS GRID #21725898
    12/31/2020$1,012,050Sold
    N/A
    12/01/2020$2,300,000PriceChange
    Agent Provided
    11/28/2020$720,000PendingAgent Provided
    11/27/2020$2,300,000PriceChange
    Agent Provided
    11/26/2020$720,000PendingAgent Provided
    11/21/2020$2,300,000PriceChange
    Agent Provided
    11/03/2020$720,000PendingAgent Provided
    08/18/2020$2,300,000PriceChange
    Agent Provided
    08/04/2020$720,000PriceChange
    Agent Provided
    07/20/2020$2,300,000Listed For SaleAgent Provided
    06/02/2019$787,050Sold
    MIBOR as distributed by MLS GRID #21524735
    06/02/2019$2,300,000PriceChange
    Agent Provided
    05/25/2019$3,145,000PriceChange
    Agent Provided
    05/10/2019$795,000PendingAgent Provided
    05/09/2019$3,145,000PriceChange
    Agent Provided
    05/09/2019$795,000PendingAgent Provided
    05/05/2019$3,145,000PriceChange
    Agent Provided
    05/05/2019$795,000PendingAgent Provided
    04/28/2019$3,145,000PriceChange
    Agent Provided
    04/26/2019$795,000PendingAgent Provided
    04/25/2019$795,000PriceChange
    Agent Provided
    01/16/2019$3,145,000Listed For SaleAgent Provided

    Market trends in Galludet

    Last updated May 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $287K
    $2.83K    MoM
    Sale-to-List Price
    99.5%
    Price per sq ft
    $140
    $1    MoM
    Available listings
    73
    5    MoM
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    Property Tax and Assessment

    Year2025
    Tax$10,776
    Assessment$647,700
    Home facts updated by county records

    Homeowner tools

    Estimated monthly rent$1,416/mo
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    Homes for rent near 5151 S Franklin Rd

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    Comparable Sales for 5151 S Franklin Rd

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    9110 E Thompson Rd, Indianapolis, IN
    0.54
    Lot/Land
    $67,000
    08/29/25
    -
    -
    8701 E Southport Rd, Indianapolis, IN
    1.87
    Lot/Land
    $550,000
    12/15/25
    -
    -
    10170 Southeastern Ave, Indianapolis, IN
    1.60
    Lot/Land
    $28,000
    07/07/25
    -
    -
    9755 Indian Creek Rd S, Indianapolis, IN
    1.78
    Lot/Land
    $18,500
    06/30/25
    -
    -
    11051 Vandergriff Rd, Indianapolis, IN
    2.85
    Lot/Land
    $1,350,000
    04/03/26
    -
    -
    3250 Fisher Rd, Indianapolis, IN
    2.13
    Lot/Land
    $25,000
    06/05/26
    -
    -
    8235 S Franklin Rd, Indianapolis, IN
    3.13
    Lot/Land
    $660,000
    10/30/25
    -
    -

    Nearby homes

    Get a sense of prices in the area by checking nearby homes.
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    Assigned Schools

    These are the assigned schools for 5151 S Franklin Rd.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    Neighborhood Overview

    Galludet
    See Local Highlights
    Neighborhood stats provided by third party data sources.

    What Locals Say about Galludet

    At least 56 Trulia users voted on each feature.

    • 97 % Say car is needed

    • 91 % Say yards are well-kept

    • 89 % Say parking is easy

    • 89 % Say it's dog friendly

    • 87 % Say there are sidewalks

    • 84 % Say kids play outside

    • 75 % Say people would walk alone at night

    • 74 % Say there's holiday spirit

    • 65 % Say it's quiet

    • 65 % Say streets are well-lit

    • 58 % Say neighbors are friendly

    • 52 % Say there's wildlife

    • 49 % Say they plan to stay for at least 5 years

    • 36 % Say there are community events

    • 29 % Say it's walkable to restaurants

    • 12 % Say it's walkable to grocery stores

    Sourced by Trulia users. Learn more about our methodology.
    • Debi Woodmansee
      "There is a Dog park a few blocks away from the neighborhood. Fenced in yards allowed, sidewalks to take your dogs on a walk safely. "
      0
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    • Debi Woodmansee
      "I live a few minutes drive to local dining options and grocery stores, hospitals and the library. 13 minutes to my work. "
      0
      Flag
    • Debi Woodmansee
      "Food trucks, pool, playgrounds, fishing ponds, close to stores, eateries, library, gymnastics, great schools."
      0
      Flag
    • Trulia User
      "There are lots of children and they are good wholesome children. Friendly and helpful neighbors. It’s a fun, interactive neighborhood."
      0
      Flag
    • Trulia User
      "Safe and police officer and the cleanness of it and have grocery shops and shopping nearby and you are safe to walk your dog "
      0
      Flag
    • Trulia User
      "I have lived here for 3 years and I have always felt safe for my family and friend and the neighbors keep to they selves and police officers reside in the neighborhood also so extra safe"
      0
      Flag
    • Trulia User
      "Fantastic area to raise a family only about 15 minutes away from downtown and everything you need is right down the road without feeling congested it feels very homely out here"
      0
      Flag
    • Patti T. T.
      "we recently celebrated July 4th with a huge community party. it was very nice to see so many join us and meet others in the neighborhood"
      1
      Flag
    • Patti T. T.
      "You see people walking their dogs all the time, sometimes joggers even have their dogs joggling along. People clean up after their pets also."
      1
      Flag
    • Sarah B.
      "A very quiet and friendly neighborhood, I never lock my doors and have no worries about leaving the car running while I run inside. I frequently take late night strolls alone and have NEVER been afraid. I love seeing the wild bunnies in the spring. In the afternoon, if you're outside, you can distantly hear the kids at the elementary school having recess, which I've always found sweet"
      0
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    • Monkeygirl6437
      "My neighborhood is quiet. A good mix of older and younger families. Everyone watches out for each other. Is close to everything but far enough away to feel secluded. "
      0
      Flag
    • Nicole N.
      "It’s a great place to live it’s nice and decently quiet and I love living in this neighborhood my kids and I love it "
      0
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    • Nicole N.
      "There are lots of dogs in my neighborhood and lots of dog owners. I feel like it’s a safe environment. "
      0
      Flag
    • Mcguiregroup
      "We have our own neighborhood Facebook page and everyone posts things about the neighborhood about what’s going on both good and bad. "
      0
      Flag
    • Colleen H.
      "Lots of walking trails and street lights. There is a park nearby thats pet friendly and paved streets around the neighborhood "
      0
      Flag
    • Colleen H.
      "you need a car in this area. Good schools reasonable priced houses. Near freeway and close to downtown "
      0
      Flag
    • Sam_hannah77
      "It’s inexpensive and safe. It’s friendly with a lot of kids. It has a great school system and our neighbors have always been helpful. "
      16
      Flag
    • Colleen H.
      "love my neighborhood its got a great school district and the houses are well kept houses sell quickly shops are close and the freeway is 5 mins away"
      0
      Flag
    • Sam_hannah77
      "We Live in southeast side in Franklin Township. Great schools, clean and friendly community. Our neighborhood feels very safe and it’s easy to get to downtown. "
      0
      Flag
    • amagesh
      "I have one of my friend living in this area. It is a great location, good schools, closer to shopping centers and malls. 15 minutes drive to downtown and greenwood mall. It is a great neighborhood."
      0
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    • Marcy R.
      "We love this area! We have lived here since 2008 and enjoy living close to Indy. It's easy to get anywhere with three interstates within 10 minutes (I-65, I-465, & I-74). It's a great place to live!"
      0
      Flag
    • jontattoo
      "great area for kids great schools"
      2
      Flag
    • Kristina B.
      "Perfect for families, close to shopping, groceries, and entertainment. Great Franklin Township Schools! Community Pool, play area, shelter house, & more!"
      0
      Flag

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    Homes for sale near 5151 S Franklin Rd

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    Off Market Homes Near 5151 S Franklin Rd

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    Based on information submitted to the MLS GRID as of 2026-06-19 00:58:41 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
    5151 S Franklin Rd, Indianapolis, IN 46239 is a lot/land. 5151 S Franklin Rd is located in Galludet, Indianapolis. This property is not currently available for sale. 5151 S Franklin Rd was last sold on Jun 22, 2023 for $1,425,000 (5% lower than the asking price of $1,500,000). The current Trulia Estimate for 5151 S Franklin Rd is $1,137,900.