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Agricultural Land with Lake
For Sale
$2,500,000

Morgantown S Road, Greenwood, IN 46143

Land, Greenwood, IN

Property SizeContact for details
Lot Size36.85 Acres
Days on Market104

Property Features for Morgantown S Road

General Information

Property type Land
Property subtype Other
Zoning r2
Subdivision Subdivision Not Available See Legal
High school Center Grove High School
Elementary school district Center Grove Community School Corp
Middle school district Center Grove Community School Corp
High school district Center Grove Community School Corp
Directions North of bridge on Morgantown Rd. in between Olive Branch Rd. and Smith Valley Rd. Acreage is east of Olive branch Rd.
Standard status Active
APN 410403032009000038
Lot size 36.85 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description W Sw S3 T13 R3
Legal Description W Sw S3 T13 R3

Utilities

Sewer type Public Sewer
Water front features Stream, Lake, Lake Front, Pond
Water front 1
Listing Agency: Jeff Paxson Team
Listed By: Jeffrey Paxson · License #RB14044826
Added: May 19 Changed: Aug 28 Last Checked: Aug 30 at 4:06AM
MLS# 22103582

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 agricultural land offering combines 36.85 acres with a 4.95-acre lake and a 1600 ft. pole barn. The property is currently used for agricultural purposes and carries R-2 zoning. Waterfront features include lake frontage, a pond, and a stream. Public sewer is identified for the property, while city water is currently available at Morgantown Rd.

The land is located on Morgantown S Road in Greenwood, within White River Township and the Center Grove Schools area. The property is associated with Johnson County and includes access to a substantial combination of open land, water features, and existing agricultural improvements.

Key Highlights

  • 36.85 acres of agricultural land in White River Township
  • 4.95‑acre lake with lake frontage, pond, and stream features
  • 1600 ft. pole barn included

Property Analytics

Current Use

Waterfront Land

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby

Demographics for 46143, IN

62,618
Population
23,417
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$89,401
Median Household Income
$51,213
Median Earnings
$1,427
Median Rent
$295,400
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?
Agricultural land / Farmland - R-2-zoned acreage includes a lake, pole barn, and city water availability along Morgantown Rd.
Where is this agricultural land / farmland located?
The property is located at Morgantown S Road Greenwood, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 36.85 acres of agricultural land in White River Township; 4.95‑acre lake with lake frontage, pond, and stream features; 1600 ft. pole barn included
More about this property
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