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    1650 E State Rd, Unit 46 Spencer, IN 47460

    For Sale
    $259,900

    Residential Lots - Spencer, IN

    Lot size:
    14.44 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 1650 E State Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    601022300070000027
    Lot size
    14.44 Acres

    Building Details

    Architectural style
    Other

    RE/MAX SELECT ASSOCIATES (SPENCER) (812) 828-5310 [email protected]

    Listing agent Christopher Wesley (812) 828-5310 License #RB14024437

    Listing date Oct 29, 2025

    MLS# 22070858 Listing URL

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

    Overview

    14.44 Acres Residential Lots

    This 14.44-acre property, located minutes east of downtown Spencer, Indiana, offers visibility, access, and natural beauty. It features approximately 1,200 feet of frontage along State Highway 46, providing exposure and convenient access suitable for residential, recreational, or small commercial development. The front portion of the property includes level, open acreage ideal for building. The remainder is wooded, offering privacy and views of McCormick's Creek State Park and the White River. The property has two access points from State Highway 46 and additional access from River Road, enhancing versatility and traffic flow. There are also two existing wells and two septic systems on-site; however, their condition is not guaranteed by the sellers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.738938
    Latitude
    39.285916

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    FAQs

    What type of property is this?
    Land - 14.44-acre property with highway frontage near downtown Spencer, Indiana.
    Where is this land located?
    The property is located at 1650 E State Rd, Unit 46 Spencer, IN.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: - 14.44 acres with highway frontage and views of McCormick's Creek State Park and the White River.; - Approximately 1,200 feet of frontage on State Highway 46, offering excellent exposure.; - Suitable for residential, recreational, or small commercial development.
    (812) 828-5310
    Request Owner's contact information
    1650 E State Rd, Unit 46 Spencer, IN 47460
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    Spencer, IN 47460
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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.

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    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.

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    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
    1650 E State Rd, Unit 46 Spencer, IN 47460
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