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    State Road 46 Center Point, IN 47840

    For Sale
    $590,000

    Farm - Center Point, IN

    Type:Farm
    Lot size:
    58.46 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for State Road 46

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    ag
    Lot size
    58.46 Acres

    Building Details

    Architectural style
    Other

    MOSSY OAK PROPERTIES INDIANA LAND AND LIFESTYLE (765) 505-4155

    Listing agent CALEB EMRICK (765) 505-4155 License #RB18001065

    Listing date Nov 17, 2025

    MLS# 107664 Listing URL

    Copyright © 2025 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Land Near Center Point

    Located just south of State Road 46 on County Road 300 East in Clay County near Center Point, Indiana, this 58-acre property offers income production, natural beauty, and investment stability. The land includes 36 acres of productive tillable ground and timbered acreage, providing multiple income sources and long-term potential. Active oil wells on the property generate approximately $12,000 per year, with expected increases in production. Additionally, the tillable acres generate $7,200 per year in farm rent. The wooded portions of the property offer hunting, recreation, and future timber value. A recent appraisal values the property at $631,684. The property is conveniently located near Center Point and just minutes from State Road 46, combining accessibility with a country setting. This property presents an opportunity to own a diverse, income-producing property with verified market value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Center Point
    County
    Clay
    State
    Indiana
    Longitude
    -87.109
    Latitude
    39.386935

    FAQs

    What type of property is this?
    Farm - 58 acres with income, recreation, and investment potential.
    Where is this farm located?
    The property is located at State Road 46 Center Point, IN.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: - Income-producing property: Active oil wells generate approximately $12,000/year with growth potential, plus $7,200/year in farm rent.; - Offered at appraised value: Recently appraised at $631,684, providing immediate equity.; - 58 acres with a balance of 36 acres of tillable land and wooded acreage.
    (765) 505-4155
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    State Road 46 Center Point, IN 47840
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    Center Point, IN 47840
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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
    State Road 46 Center Point, IN 47840
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