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    16 V/L State Rd Twelve Mile, IN 46988

    For Sale
    $340,000

    Agricultural Land - Twelve Mile, IN

    Lot size:
    29.70 Acres
    Days on Market:
    137
    Last Refresh:
    Dec 11 at 8:06 pm

    Property Features for 16 V/L State Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    09-02-24-200-015.000-002
    Lot size
    29.70 Acres

    Building Details

    Architectural style
    Other

    Mossy Oak Properties/Indiana Land and Lifestyle (812) 230-4503

    Listing agent Ty Mills (812) 230-4503

    Listing date Jul 28, 2025

    MLS# 202518797 Listing URL

    Copyright © 2025 Northeastern 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

    Productive Tillable Land in Cass

    This 29.7-acre parcel of productive, tillable land is located just off State Road 16, west of Twelve Mile, in Cass County, Indiana. The property features road frontage on both SR 16 and 600 E, offering accessibility and visibility. The land has a 132.7 WAPI and a 68.1 NCCPI average. Currently under cash rent at $250 per acre, the land provides immediate income potential. The dual road frontage makes it suitable for various future uses, including building a home and starting a mini farm, expanding agricultural operations, exploring commercial possibilities, or developing the land, subject to Cass County zoning regulations. The seller is willing to consider owner financing at 4.9% and is open to terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Twelve Mile
    County
    Cass
    State
    Indiana
    Longitude
    -86.259821852112
    Latitude
    40.866023321635

    FAQs

    What type of property is this?
    Agricultural land - 29.7 acres of tillable land with income potential.
    Where is this agricultural land located?
    The property is located at 16 V/L State Rd Twelve Mile, 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: - 29.7 acres of prime, tillable land with high productivity.; - Immediate income potential with existing cash rent at $250 per acre.; - Dual road frontage on State Road 16 and 600 E, offering excellent accessibility and visibility.
    (812) 230-4503
    Request Owner's contact information
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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
    16 V/L State Rd Twelve Mile, IN 46988
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