Franklin Land for Sale

Welcome to Franklin, Indiana—a charming city that beautifully blends small-town warmth with modern conveniences. Nestled just 20 miles south of Indianapolis, Franklin boasts a rich history, vibrant community spirit, and a picturesque setting that makes it an ideal place to call home. With its tree-lined streets, historic architecture, and a thriving downtown area filled with local shops and eateries, Franklin offers a delightful atmosphere for residents and visitors alike.

One of the most appealing aspects of Franklin is the abundance of land for sale, providing a unique opportunity for those looking to build their dream home or invest in property. Whether you envision a sprawling estate surrounded by nature or a cozy cottage in a friendly neighborhood, Franklin’s diverse landscape offers a variety of options to suit your lifestyle. The area is characterized by rolling hills, lush greenery, and serene lakes, making it perfect for outdoor enthusiasts who enjoy hiking, fishing, and exploring.

Franklin is also renowned for its excellent schools, community events, and a strong sense of belonging. The annual festivals and farmers' markets showcase local talent and foster connections among residents, creating a tight-knit community that welcomes newcomers with open arms.

With its perfect blend of rural charm and urban accessibility, Franklin, Indiana, is not just a place to live—it's a place to thrive. Discover the possibilities that await you with the available land for sale, and start your journey to creating a life you’ve always dreamed of in this enchanting city.

Newest Franklin Land for Sale

$213,000

3.6 Acres of Opportunity! Looking for the perfect spot to build your dream home? Discover the possibilities with this beautiful 3.6-acre property surrounded by custom homes being built throughout the area. Enjoy the opportunity to create your own private retreat while taking advantage of the natural beauty of the land, including Leatherwood Creek running through the property. Utilities are located nearby. Please note that a portion of the property lies within a floodplain, so buyers are encouraged to verify building requirements, utility availability, and permitted uses to determine the best options for their vision. Whether you're dreaming of a custom-built home or exploring the possibilities this property has to offer, don't miss your chance to make it your own! DIRECTIONS: For navigation purposes, enter 1048 Possum Hollow Rd., Greenwood. Continue past the house, and the property will be on the right. Look for the For Sale sign. If you reach the creek, you've gone too far!

00 Possom Hollow Road, Greenwood

Listing courtesy of Jordan Wirth. Highgarden Real Estate

$75,000

Bring your builder! This .83-acre vacant corner lot in desirable Franklin Township offers the opportunity to build your dream home with no HOA restrictions. Potential access is available from either Thompson Road or Callahan Street. City water and sewer are located near the property, making this a great location for your future home. Mature trees add privacy and character to the site. Conveniently located just minutes from Franklin Central High School, interstates, shopping, dining, parks and more. A rare opportunity to create the home you want in a convenient Franklin Township location!

9110 E Thompson Road, Indianapolis

Listing courtesy of Patrick Watkins. Mike Watkins Real Estate Group

$225,000

Escape to the peace and privacy of 24.4 acres tucked away on a quiet dead-end road! With approximately 1.5 +/- acres already cleared, you'll have the perfect spot to build your dream home while still enjoying plenty of wooded acreage surrounding you. Water and electric are available at the road, making it even easier to start planning your future homesite. The property also offers excellent potential for hunting and outdoor recreation, with plenty of room to explore and enjoy nature. Whether you're looking for a private homesite, recreational property, or your own hunting retreat, this acreage offers endless possibilities!

W McCarthy Knob Road, Lanesville

Listing courtesy of Elmer Lambright. eXp Realty, LLC

$319,900

Discover the ultimate countryside retreat with this extraordinary 35.48-acre property situated along the scenic White River. This inviting land offers a perfect blend of lush green pastures, natural woodlands, and elevated potential building sites, providing an ideal canvas for your custom home or private getaway. Residents will enjoy opportunities for recreation, serene views of the surrounding landscape, and abundant opportunities to observe local wildlife, including potential for sightings of eagles soaring overhead. Offering a rare combination of privacy and peaceful living, this property maintains accessibility to local conveniences while providing a tranquil sanctuary for those who value nature and quiet outdoor living.

2436 Firecrest Lane, Freedom

Listing courtesy of Carrie Parrish. Carpenter, REALTORS®

$95,000

Looking for land to build your dream home? Check out this 8.71-acre parcel located off State Road 231 between Worthington and Spencer. Located in a rural subdivision just south of Freedom and only about 15 minutes from Spencer, you can enjoy country living while still being close to town. Utilities are available at the road. A well and septic will be needed, and city water is available. Spencer and Owen County have plenty to offer, including shopping on the square, the historic Tivoli Theater, McCormick's Creek State Park, and more.

000 Critter Lane, Freedom

Listing courtesy of Samantha Carver. HOME TEAM Properties

$4,990,000

DON'T MISS this opportunity with Enormous investment and business development potential of this piece of 5.52 acres of land right at the intersection of S Arlington ave and E Troy ave in well established business zone of various industrial and commercial set ups in the vicinity. Adjoining parcel of .48 acres with a newly remodeled house can be also be considered for sale if needed for buyer's project.

3002 S Arlington Avenue, Indianapolis

Listing courtesy of Vishavdeep Cheema. Singh Realty Group Inc.

$199,900

Exceptional 2 Acre Lot for Investment or Builder Opportunity in Franklin Township. This premium 2-acre parcel in highly desirable Franklin Township offers the perfect blend of country-style tranquility and modern city convenience. Ideal for building your custom dream home outside of a subdivision. The flat, versatile acreage features a structurally sound 30' x 50' clear-span pole barn built in 1988, equipped with impressive 16.5-foot ceilings and dual 14-foot overhead doors perfect for a workshop, heavy equipment, or Boat/RV storage. Plus, addition barn door on one side of building. Close access to Interstate 65, this property provides an effortless commute to downtown Indianapolis, Greenwood, and Franklin, making it a rare and lucrative canvas for a luxury estate or strategic residential development.

8561 Shelbyville Road, Indianapolis

Listing courtesy of Robert VanHook. Premier Agent Network

$39,000

Unique opportunity to acquire approximately 9.17 wooded acres situated between established residential subdivisions on the southeast side of Indianapolis. Big Run traverses the property, creating a natural wooded corridor within the surrounding development. The parcel is landlocked with no legal access to or from the land and is not represented as buildable. A title commitment has been obtained and is available for review. The property may be best suited for an adjoining owner, neighborhood association, conservation-oriented purchaser, or buyer exploring another special-purpose use. Any boundary lines shown in listing photos are approximate, provided for reference only, and do not constitute a survey. Buyer to independently verify acreage, boundaries, access, zoning, floodplain and floodway status, wetlands, easements, utilities, permitted uses, and suitability for any intended purpose.

Senour Road, Indianapolis

Listing courtesy of Jonah Hartsburg. Hoosier Hub Realty, LLC

$170,000

Looking for the perfect spot to build your dream home? This beautiful 1.76-acre lot in the exclusive, gated Mossy Creek Farms is ready for you. Tucked away in Franklin Township, this property offers a peaceful, private setting with a wooded view. Enjoy the perfect balance of nature and convenience with city water access nearby (septic required). Bring your own builder and start planning your custom home today!

6531 Mossy Creek Court, Indianapolis

Listing courtesy of Gurpinder Singh. Royalty Real Estate LLC

$87,000

Nice Building Lot in Franklin Township. NO HOMEOWNERS ASSOCIATION. Bring Your Own Builder or Timberwood Custom Homes Wil Build For You. Great Franklin Township Schools, Close to Luthern and Roncalli Schools, New Private Well on Site.

8224 Frye Road, Indianapolis

Listing courtesy of Larry Walker. Timberwood, Inc.

$100,000

Home at 10604 Pavilion is also for sale. Seller is willing to sell together or separate.

Retreat Lane, Indianapolis

Listing courtesy of Jake Stiles. Coldwell Banker Stiles

$599,000

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.

7338 5 Points Road, Indianapolis

Listing courtesy of Ben Bashal. Midland Realty Group, Inc.

Start Your Search

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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 listings have been excluded from this website.

Franklin Land for Sale

Newest Franklin Land for Sale

How much is your home worth?

How much is your home worth?