Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2140 S 500 E Lagrange, IN 46761

    For Sale
    $2,400,000

    Site-Built Home - Lagrange, IN

    Type:Farm
    Property size:
    1,120 SF
    Lot size:
    40.00 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 2140 S 500 E

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bedroom 1, Bedroom 2, Great Room, Kitchen, Living Room
    Bedrooms
    2
    Bathrooms
    1
    APN
    44-10-02-200-002.000-010
    Exterior features
    None
    Basement Y/N
    1
    Size
    1,120 SF
    Lot size
    40.00 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front features
    Waterfront Royer Lake, Waterfront, Waterfront Royer Lake
    Water front
    1

    Building Details

    Year built
    1983
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    Keller Williams Realty Group (260) 460-7707 [email protected]

    Listing agent Marlynn Mast (260) 460-7707 License #RB22002775

    Listing date Oct 29, 2025

    MLS# 202543956 Listing URL

    Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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 Lakefront Home

    This exceptional 40-acre property in LaGrange County features 1,200 feet of lakefront on Royer Lake and over 3,000 feet of combined road frontage. Zoned Agricultural and currently under cultivation, the property offers income potential and flexibility for future use. It includes rolling farmland, mature trees, and waterfront. A 1,120 sq. ft. home with 2 bedrooms and 1 bath sits on a walkout basement plumbed for a second bathroom. The home could serve as guest quarters or a temporary residence. Royer Lake is a non-ski lake known for fishing and its connection to Fish Lake. This property is suitable for recreation, investment, or development. It presents an opportunity for a private retreat, working farm, or investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop Food Market HVAC Service Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    LaGrange
    State
    Indiana
    Longitude
    -85.329602
    Latitude
    41.611084

    Nearby Similar for Sale

    • New
      $250,000
      0.10 Acres

      Updated Office Building Near Downtown

      Remodeled office building with four private offices and conference room.
      116 E Wayne St, Lagrange, IN 46761
      View Details
    • $425,000
      0.07 Acres

      Restaurant and Apartment in Lagrange

      Restaurant/bar with equipment, liquor license, and updated upstairs apartment.
      112 Spring St E, Lagrange, IN 46761
      View Details
    • $160,000
      1.35 Acres

      Lagrange Commercial Building - High Traffic

      Prime Retail Space, High Visibility, 1.35 Acres
      1110 Detroit St, Lagrange, IN 46761
      View Details
    • $699,000
      12,804 SF

      LaGrange Office Building - $699,000

      Historic Downtown LaGrange Office Space. High Value-Add Potential.
      118-122 Detroit St Lagrange, LaGrange, IN 46761
      View Details

    FAQs

    What type of property is this?
    Farm - 40 acres with 1200 feet of lakefront and home.
    Where is this farm located?
    The property is located at 2140 S 500 E Lagrange, IN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - 40 acres with **1,200 feet of lakefront on Royer Lake**; - Over 3,000 feet of combined road frontage; - Existing 1,120 sq. ft. home with 2 bedrooms and 1 bath, walkout basement plumbed for a second bathroom
    (260) 460-7707
    Request Owner's contact information
    2140 S 500 E Lagrange, IN 46761
    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.
    2140 S 500 E
    Lagrange, IN 46761
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2140 S 500 E Lagrange, IN 46761
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.