Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11152 W 500 N North Judson, IN 46366

    View on Map
    Claim this Listing
    New
    For Sale
    $340,000

    LAND - North Judson, IN

    Lot size:
    40.00 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 15 at 3:06 am

    Property Features for 11152 W 500 N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    660413400008000003
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    003-00492-00 SE SE SEC 13 40A MONON (692)
    Tax Annual Amount
    1578

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Angelo Torres

    Listing agent Angelo Torres License #RB21002403

    Listing office Simplify Your Move! Realty Inc 7880 Wicker Avenue Ste. 201, St. John, IN

    Listing date Apr 14, 2026

    MLS# 837073 Listing URL

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    40 Acres with Water Features

    This 40-acre property in North Judson, Indiana, offers a combination of natural beauty and recreational potential. Located 20 minutes west of Bass Lake, the land features a private pond and a flowing stream. The property includes two existing structures that can be converted into a hunting cabin, weekend getaway, or storage. The land offers a mix of wooded areas and open clearings, suitable for hunting, trail riding, and camping. This property is located in a quiet rural setting, within reach of Bass Lake and an easy drive from Chicagoland. It is ideal for outdoor enthusiasts and those seeking a weekend escape. The land is suitable for hunting, fishing, ATV riding, and other outdoor recreation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Pet Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Judson
    County
    Starke
    State
    Indiana
    Longitude
    -86.816872
    Latitude
    41.129444

    Nearby Similar for Sale

    • $399,900
      4,680 SF

      North Judson Commercial Event Venue

      Versatile commercial property ideal for events, meetings, or business opportunities.
      405 Lane Street, North Judson, IN 46366
      View Details
    • $315,000

      Secluded North Judson Land Parcel

      10 acre surveyed parcel with development and equestrian potential.
      W 800 S, North Judson, IN 46366
      View Details
    • $375,000
      4,000 SF

      Highway Commercial Property with Businesses

      Thriving businesses on a high-traffic highway location.
      0115 W State Road, North Judson, IN 46366
      View Details
    • $3,500,000
      72,816 SF

      North Judson Manufacturing Facility

      73,000 sqft manufacturing, office, and warehouse facility for sale.
      5235 W State Rd 10, North Judson, IN 46366
      View Details
    • $120,000

      Residential Land Subdivision Opportunity

      4.28 acres for residential development near Erie Trail.
      TBD Willow Street, North Judson, IN 46366
      View Details
    • $35,000

      Wooded Land in Starke County

      2.47 acres of wooded land for new construction.
      E 500 S, North Judson, IN 46366
      View Details

    FAQs

    What type of property is this?
    Recreation land - Private retreat with pond, stream, and structures near Bass Lake.
    Where is this recreation land located?
    The property is located at 11152 W 500 N North Judson, IN.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: 40 acres of versatile recreational land with a **private pond and natural stream**.; **Two existing structures** offer potential for a cabin, storage, or future build.; Ideal for hunting, fishing, ATV riding, and other outdoor recreation.
    (219) 240-9257
    We can help!
    Listing Contact
    Angelo Torres
    Real Estate License ID: RB21002403
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!