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    5750 S State Road 3 Spiceland, IN 47362

    For Sale
    $1,650,000

    Vacant Land - Spiceland, IN

    Lot size:
    82.00 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 5750 S State Road 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    300
    APN
    33-17-16-000-202.000-026 & 33-17-09-000-
    Parking features
    Garage
    Lot size
    82.00 Acres

    Building Details

    Architectural style
    Other

    GesWein Farm & Land Realty (765) 427-1619

    Listing agent Nicholas George (765) 426-6666

    Listing date Dec 1, 2025

    MLS# 11612139 Listing URL

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

    Overview

    Prime Agricultural Land Investment Opportunity

    This income-producing tract of approximately 82 acres is located off I-70 at State Road 3 (Exit 123), between Indianapolis and Dayton. The land is primarily tillable and offers opportunities for farmers to expand operations or for investors to capitalize on cash rent rates. It is also an ideal candidate for a 1031 exchange. The farm has a history of above-average production. The current cash rent of $300 per acre yields an approximate annual income of $22,000. The property is located directly south of the Flying J and New Castle Motor Sparks Park. It is positioned for growth and offers opportunities for agricultural ambitions or securing a valuable investment for the future. The property is zoned 300.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Restaurant Building Supply Wholesale Shop HVAC Service Auto Repair Shop Bar & Pub Convenience Store Car Rental Bakery Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spiceland
    County
    Henry
    State
    Indiana
    Longitude
    -85.416595
    Latitude
    39.846383

    FAQs

    What type of property is this?
    Agricultural land - Income-producing 82-acre agricultural land near I-70 in Spiceland, IN.
    Where is this agricultural land located?
    The property is located at 5750 S State Road 3 Spiceland, IN.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Income-producing agricultural land with approximately $22,000 annual income from cash rent; - Prime location off I-70 at State Road 3 (Exit 123), between Indianapolis and Dayton; - +/- 82-acre tract of primarily tillable land
    (765) 426-6666
    Request Owner's contact information
    5750 S State Road 3 Spiceland, IN 47362
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    Spiceland, IN 47362
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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
    5750 S State Road 3 Spiceland, IN 47362
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