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    11796 W Chapel Rd Milton, IN 46702

    New
    For Sale
    $1,775,000

    Farm / Farmhouse, Farm/Estate - Milton, IN

    Type:Farm
    Lot size:
    129.00 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 12 at 9:06 pm

    Property Features for 11796 W Chapel Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    100
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen
    Bedrooms
    4
    Bathrooms
    2
    APN
    89-12-17-000-204.000-026
    Parking features
    Garage, Garage - Attached
    Basement Y/N
    1
    Lot size
    129.00 Acres

    Building Details

    Architectural style
    Other

    GesWein Farm & Land Realty (765) 427-1619

    Listing agent Nicholas George (765) 426-6666

    Listing date Dec 9, 2025

    MLS# 11616577 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wayne County Farmstead with Acreage

    Located near Connersville and Milton, this 130-acre farmstead in Wayne County, Indiana, features approximately 108 acres of tillable ground, 18 acres of timber, and about 5 acres dedicated to the homestead, barns, and grain storage. The property includes a classic early-1900s farmhouse with 2,756 square feet, four bedrooms, two bathrooms, and a partial basement. An attached two-car garage is included. Outbuildings consist of a 24x26 one-and-a-half-car garage, a 50x54 steel-framed insulated barn with concrete floors, a 54x72 barn with a dirt floor and insulated concrete footers, a 30x50 shop with concrete floors previously used for mechanical and body-work purposes, and a 25x28 fertilizer barn with a combination of dirt and concrete flooring. All barns have single-phase electricity, and the property includes two grain silos. The farm generates approximately $24,000 in annual revenue, with an open lease for the 2026 season. The sellers are willing to parcel the holdings and sell the homestead and barns separately from the acreage, or sell off larger sections of ground separate from the farm. This property is suitable for investors, those pursuing a 1031 exchange, first-time farmers, or established operators looking to expand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Law Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Wayne
    State
    Indiana
    Longitude
    -85.639814
    Latitude
    40.755692

    FAQs

    What type of property is this?
    Farm - 130 acre farm with farmhouse and outbuildings.
    Where is this farm located?
    The property is located at 11796 W Chapel Rd Milton, IN.
    What is the asking price?
    The asking price for this property is $1,775,000.
    What are key features of this property?
    This property features: - 130± acre farm with approximately 108 acres of tillable ground, offering strong income potential.; - **Well-maintained outbuildings** including a steel-framed insulated barn, a large barn with insulated concrete footers, and a shop with concrete floors.; - Classic early-1900s farmhouse with 2,756 square feet, four bedrooms, and two bathrooms.
    (765) 426-6666
    Request Owner's contact information
    11796 W Chapel Rd Milton, IN 46702
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    Milton, IN 46702
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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
    11796 W Chapel Rd Milton, IN 46702
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