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    Gray Rd Mooresville, IN 46158

    For Sale
    $1,490,408

    Vacant Land - Mooresville, IN

    Lot size:
    147.39 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for Gray Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    300
    APN
    551004100001000006, 5510-05-100-001.002
    Parking features
    Garage
    Lot size
    147.39 Acres

    Building Details

    Architectural style
    Other

    RE/MAX Centerstone (317) 839-4330

    Listing agent Kristina Monaghan (317) 839-4330

    Listing date Sep 18, 2025

    MLS# 11236965 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

    Scenic Acreage Near Indianapolis

    This 147.39-acre property, located near Indianapolis in Mooresville, Indiana, offers a blend of tillable ground, wooded areas, and water features. The acreage includes some tillable land currently leased to a local farmer. Two large ponds and a wooded area provide opportunities for hunting and fishing. The property has frontage on Gray Road and the White River. Previously a gravel pit, the land has been reclaimed. Situated in the White River floodplain, this property is suitable as a recreational area for outdoor enthusiasts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.347374
    Latitude
    39.514745

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    FAQs

    What type of property is this?
    Agricultural land - 147.39 acres of recreational land with ponds and river frontage.
    Where is this agricultural land located?
    The property is located at Gray Rd Mooresville, IN.
    What is the asking price?
    The asking price for this property is $1,490,408.
    What are key features of this property?
    This property features: - Scenic acreage close to Indianapolis and easily accessible off I-69.; - Two large ponds and wooded area ideal for hunting and fishing.; - Frontage on both Gray Road and the White River.
    (317) 839-4330
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    Gray Rd Mooresville, IN 46158
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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
    Gray Rd Mooresville, IN 46158
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