Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2221 IN-258 Seymour, IN 47274

    View on Map
    Claim this Listing
    For Sale
    $17,500,000

    Commercial Land - Seymour, IN

    Lot size:
    712.92 Acres
    Added:
    Oct 6, 2025
    Days on Market:
    209
    Last Refresh:
    May 2 at 5:06 pm

    Property Features for 2221 IN-258

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Barn, Shed, Pole Barn, Other Buildings
    Standard status
    Active
    APN
    36-64-04-400-011.000-007
    Lot size
    712.92 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s), Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Chad Chism
    Chad Chism

    Listing agent Chad Chism License #RB16001864

    Listing office Keller Williams Lafayette 3928 McCarty Ln., Lafayette, IN

    Listing date Oct 6, 2025

    MLS# 202540448 Listing URL

    Copyright © 2026 Lafayette Regional 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

    712+ Acres in Seymour, Indiana

    This property features over 712 acres in Seymour, Indiana, characterized by rolling hills, open meadows, and wooded trails. A private, 42-acre man-made body of water, known as Rust Lake, is located on the premises. The site includes over 90 buildings, featuring lodges, dining halls, recreational facilities, and waterfront structures. Utilities available on site include water, septic, electrical, and broadband. The property is currently used as a camp and retreat center, offering potential for various uses such as retreats, eco-tourism, corporate events, a private estate, or future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Seymour
    County
    Jackson
    State
    Indiana
    Longitude
    -85.8761
    Latitude
    38.9331

    Nearby Similar for Sale

    • $317,000

      Seymour Duplex with Field View

      Duplex in Seymour with modern amenities and field view.
      616-618 Hillcrest Circle, Seymour, IN 47274
      View Details
    • $89,900

      Seymour Vacant Land Opportunity

      7.44 acres of recreational land in Brown County, Indiana.
      7653 Garrity Rd, Seymour, IN 47274
      View Details
    • $69,900

      Residential Land in Seymour, Indiana

      5.11 acre residential lot with mature trees near I-65.
      00 Lutheran Lake Road, Seymour, IN 47274
      View Details
    • $1,160,000

      29.53 Acres in Seymour, Indiana

      29.53-acre tract with home, barn, and storage buildings in Seymour.
      1750 W 2nd Street, Seymour, IN 47274
      View Details
    • Sponsored
      $17,500,000
      31,053,924 SF

      SpringHill Camp, Indiana

      712.9 acres in Seymour, Indiana with extensive facilities.
      2221 In-258, Seymour, IN 47274
      View Details
    • $199,900
      4,080 SF

      2.563-Acre Parcel in Seymour

      2.563-acre parcel located southeast of Seymour, Indiana.
      1000 N Block Co Rd 1240 E, Seymour, IN 47274
      View Details
    • $47,000

      Redding Woods Residential Building Lot

      1.41-acre wooded lot in Redding Woods, Seymour, IN.
      22031 Redding Woods, Seymour, IN 47274
      View Details
    • $44,900

      Wooded Residential Lot in Seymour

      1.35-acre wooded lot ideal for building a new home.
      22039 Redding Woods, Seymour, IN 47274
      View Details
    • $17,500,000

      Seymour, Indiana Mixed-Use Acreage

      712+ acres with lake, buildings, utilities near Seymour, Indiana.
      2221 IN-258, Seymour, IN 47274
      View Details
    • $49,900

      Residential Lots in Seymour, IN

      Residential lots available in Seymour, Indiana.
      22029 Redding Woods, Seymour, IN 47274
      View Details
    • $65,000

      Residential Lots in Seymour, Indiana

      Residential lots available in Seymour, Indiana with utilities access.
      10312 Shamrock Court, Seymour, IN 47274
      View Details
    • $65,000

      Residential Lots in Seymour, IN

      Residential lots available in Seymour, Indiana.
      10301 Shamrock Court, Seymour, IN 47274
      View Details

    FAQs

    What type of property is this?
    Wedding venue - 712+ acres with lake and 90+ buildings in Seymour.
    Where is this wedding venue located?
    The property is located at 2221 IN-258 Seymour, IN.
    What is the asking price?
    The asking price for this property is $17,500,000.
    What are key features of this property?
    This property features: 712+ acres featuring a private 42‑acre lake (Rust Lake).; 90+ buildings including lodges, dining halls, recreational facilities, and waterfront structures.; Utilities on site: water, septic, electrical, and broadband.
    (765) 513-6438
    We can help!
    Listing Contact
    Chad Chism
    Chad Chism
    Real Estate License ID: RB16001864
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2221 IN-258, Seymour, IN 47274

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!