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Wooded Residential Development Land
For Sale
$79,900

702 Johnson Road, Spencer, IN 47460

LAND - Spencer, IN

Property SizeContact for details
Lot Size7.51 Acres
Days on Market13

Property Features for 702 Johnson Road

General Information

Property type Land
Property subtype Other
Zoning Residential
Subdivision No Subdivision
Elementary school McCormick's Creek Elementary Sch
Middle school Owen Valley Middle School
High school Owen Valley Community High School
Elementary school district Spencer-Owen Community Schools
Middle school district Spencer-Owen Community Schools
High school district Spencer-Owen Community Schools
Directions GPS Friendly
Standard status Active
APN 601709203130000016
Lot size 7.51 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description W 1/2 W 1/2 S9 T9 R3 7.51A
Legal Description W 1/2 W 1/2 S9 T9 R3 7.51A

Utilities

Sewer type Septic Needed
Water source Private
Listing Agency: RE/MAX Select Associates, Inc. · RE/MAX International
Listed By: Christopher Wesley · License #RB14024437
Added: Jul 23 Last Checked: Aug 4 at 4:06AM
MLS# 22116080

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This wooded 7.51-acre property is offered for sale as residential land. The site includes existing improvements, including a well and electric service, which can support future development plans.

The property has approximately 535 feet of county road frontage and paved roads leading to the site. It is positioned about 4 miles south of Spencer and roughly 1.5 miles west of State Highway 43, offering a balance of convenient access and a more private, country setting.

With substantial tree cover and room for recreational or residential use, the acreage is suited for buyers looking to build or use the land for outdoor enjoyment.

Key Highlights

  • 7.51‑acre heavily wooded property with approximately 535 ft of county road frontage
  • Utilities and services include a well and electric service already on the property
  • Paved roads provide access to the property

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply Wine and Liquor Store Department Store

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

Lease Details

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 47460, IN

11,560
Population
5,045
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
150.5 sq mi
ZIP Area
77
Density / Sq Mi
$67,688
Median Household Income
$42,113
Median Earnings
$888
Median Rent
$177,600
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Heavily wooded 7.51-acre parcel with county road frontage and existing well and electric service.
Where is this residential land & home lot located?
The property is located at 702 Johnson Road Spencer, IN.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: 7.51‑acre heavily wooded property with approximately 535 ft of county road frontage; Utilities and services include a well and electric service already on the property; Paved roads provide access to the property
More about this property
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