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Commercial Land with Pond
For Sale
Under Contract
$150,000

7001 N State Road 135, Morgantown, IN 46160

LOTS AND LAND, Morgantown, IN

Property SizeContact for details
Lot Size5.00 Acres
Days on Market142

Property Features for 7001 N State Road 135

General Information

Property type Land
Property subtype Other
Zoning description Commercial-Accommodation Business-AB
Lot features Level, Commercial, Barn, Shed, Other Buildings
Elementary school Helmsburg/Brown
Middle school Brown County
High school Brown County
Elementary school district Brown County School Corp.
Middle school district Brown County School Corp.
High school district Brown County School Corp.
Directions North on N State Road 135 out of Nashville. Property is on the right (east) side of the road. GPS friendly.
Subdivision Brown County
Standard status Active Under Contract
Lot size 5.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT N 1/2 NE 1/4 24-10-02 5.000 ACRES
Tax Annual Amount 623
Legal Description PT N 1/2 NE 1/4 24-10-02 5.000 ACRES

Utilities

Water front features Pond
Listing Agency: RE/MAX Acclaimed Properties · RE/MAX International
Listed By: Monica Mitchell · License #RB18001634
Added: Apr 24 Changed: Aug 20 Last Checked: Sep 12 at 6:06PM
MLS# 202614900

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial land offering includes approximately 5 acres zoned Accommodation Business. The property contains an existing barn that was formerly operated as a business and could be reactivated, along with an adjacent log cabin that was previously used as living space and could be restored.

The site also features a pond. Brown County Zoning materials are provided with the listing to outline allowable uses.

The listing notes related parcels available separately, including additional acreage zoned General Business with an oversized pole barn, as well as a residential parcel; preferred pricing may apply if parcels sell in tandem.

Key Highlights

  • 5.0 acres zoned Accommodation Business in a well traveled area north of Nashville
  • Charming pond on the property (Waterfront feature: Pond)
  • Existing barn formerly operated as a business—could be operated again

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Real Estate Agency Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 46160, IN

6,409
Population
2,804
Households
2.3
Avg Household Size
45
Median Age
17%
College-Educated
91%
High-School Grad
87.2 sq mi
ZIP Area
73
Density / Sq Mi
$72,003
Median Household Income
$44,396
Median Earnings
$886
Median Rent
$237,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 5 acres zoned Accommodation Business with a barn and pond, offering potential for commercial and/or residential reuse.
Where is this commercial land located?
The property is located at 7001 N State Road 135 Morgantown, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 5.0 acres zoned Accommodation Business in a well traveled area north of Nashville; Charming pond on the property (Waterfront feature: Pond); Existing barn formerly operated as a business—could be operated again
More about this property
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