Commercial Land with BLM1
For Sale
$57,500
1.54 Acres Street, Spencer, IN 47460
LOTS AND LAND, Spencer, IN
Property SizeContact for details
Lot Size1.54 Acres
Days on Market20
Property Features for 1.54 Acres Street
General Information
Property type
Land
Property subtype
Other
Zoning description
BLM-1
Lot features
Corner, Irregular, Slope, City
Elementary school
Spencer
Middle school
Owen Valley
High school
Owen Valley
Elementary school district
Spencer-Owen Community Schools
Middle school district
Spencer-Owen Community Schools
High school district
Spencer-Owen Community Schools
Directions
West on Morgan St., proceed thru light at west end of town and turn right and property is on the left.
Subdivision
Owen County
Standard status
Active
APN
60-10-20-300-400.166-028
Lot size
1.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
IN W 1/2 SW S20 T10 R3 1.54A
Tax Annual Amount
1238
Legal Description
IN W 1/2 SW S20 T10 R3 1.54A
Listing Agency:
RE/MAX Select Associates, Inc.
(812) 828-5310
Listed By:
Chris Wesley · License #RB14024437
(812) 828-1399
Added: Aug 4
Last Checked: Aug 23 at 2:06PM
MLS# 202631610
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 1.54-acre commercial land parcel is located on the west side of Spencer and carries BLM1 (Business Light Manufacturing) zoning. The site is positioned beside Wendy's and O'Reilly Auto Parts, with visibility and accessibility identified as key physical attributes.
The property information identifies the parcel as suitable for retail, service, or light industrial development. Its location in a high-traffic area and proximity to established national retailers provide clear context for evaluating future commercial uses.
The property information identifies the parcel as suitable for retail, service, or light industrial development. Its location in a high-traffic area and proximity to established national retailers provide clear context for evaluating future commercial uses.
Key Highlights
- 1.54‑acre commercial land parcel
- BLM1 (Business Light Manufacturing) zoning
- Adjacent to Wendy's and O'Reilly Auto Parts
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - BLM1-zoned parcel adjacent to Wendy's and O'Reilly Auto Parts in Spencer.
Where is this commercial land located?
The property is located at 1.54 Acres Street Spencer, IN.
What is the asking price?
The asking price for this property is $57,500.
What are key features of this property?
This property features: 1.54‑acre commercial land parcel; BLM1 (Business Light Manufacturing) zoning; Adjacent to Wendy's and O'Reilly Auto Parts
