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    5554 Patricksburg Rd Spencer, IN 47460

    New
    Pending
    For Sale
    $129,900

    Farm - Spencer, IN

    Type:Farm
    Lot size:
    14.00 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 5554 Patricksburg Rd

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Pending
    Zoning
    Agricultural
    APN
    601129100100000022
    Lot size
    14.00 Acres

    Building Details

    Architectural style
    Other

    Mark Dietel Realty, LLC (317) 441-7887 [email protected]

    Listing agent Vincent Ferguson (317) 886-8440 License #RB14047989

    Listing date Dec 1, 2025

    MLS# 22045439 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

    Owen County Farmland Opportunity

    This 14-acre farm lot is located in rural Owen County on Patricksburg Road in Spencer, Indiana. The property is zoned for agricultural use and offers potential for a homestead, farming operation, or country retreat. The land includes open, tillable acreage suitable for crops, livestock, or pasture. Electric and water facilities are available at the road, facilitating development and utility setup. The lot also features a pond, wooded areas, and a natural spring, enhancing its landscape for recreation and relaxation. This parcel offers a rural lifestyle and is a short drive from Spencer and local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.872402
    Latitude
    39.281916

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    FAQs

    What type of property is this?
    Farm - 14-acre farm lot in Spencer, IN with agricultural potential.
    Where is this farm located?
    The property is located at 5554 Patricksburg Rd Spencer, IN.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - 14 acres of tillable farmland suitable for crops, livestock, or pasture.; - Electric and water utilities available at the road for easy setup.; - Includes a serene pond, wooded areas, and a natural spring.
    (317) 886-8440
    Request Owner's contact information
    5554 Patricksburg Rd 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.

    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
    5554 Patricksburg Rd Spencer, IN 47460
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