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    11496 N Spring Lake Dr Mooresville, IN 46158

    Sponsored
    For Sale
    Contact for pricing

    Ranch, Site-Built Home - Mooresville, IN

    Type:Farm
    Property size:
    1,000 SF
    Lot size:
    7.00 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 10 at 1:06 pm

    Property Features for 11496 N Spring Lake Dr

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Great Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    1
    APN
    55-06-03-100-004.000-015
    Parking features
    Garage, Garage - Detached
    Interior features
    Eat-In Kitchen
    Exterior features
    None
    Fireplace
    1
    Size
    1,000 SF
    Lot size
    7.00 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Architectural style
    Ranch

    Dietel Realty Group, LLC (317) 886-8440

    Listing agent Vince Ferguson (317) 886-8440

    Listing date Dec 23, 2025

    MLS# 202549168 Listing URL

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

    Overview

    7-Acre Multi-Home Investment Opportunity

    This 7-acre property in Mooresville, Indiana, presents an opportunity for investors. It features four homes, two of which are currently rented. The county has approved permits for the construction of two additional dwellings, offering further development potential. The remaining two homes offer immediate value-add potential. The property is adjacent to Listing 6877 E Tiny Tot Lane, presenting the option to purchase both properties together. The property requires commercial financing or cash only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.303322
    Latitude
    39.597032

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    FAQs

    What type of property is this?
    Farm - 7-acre property with four homes and permits for two more.
    Where is this farm located?
    The property is located at 11496 N Spring Lake Dr Mooresville, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Outstanding cash-flow opportunity with two homes currently rented.; - County-approved permits for two additional dwellings, offering substantial upside potential.; - 7-acre property with four homes.
    (317) 710-9294
    Request Owner's contact information
    11496 N Spring Lake Dr Mooresville, IN 46158
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    Realmo Value Estimation

    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.

    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.

    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
    11496 N Spring Lake Dr Mooresville, IN 46158
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