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Lakefront Recreational Land with Building Site
For Sale
$449,500
Pending

1 S 500 W Trafalgar, Trafalgar, IN 46181

Build or recreate on 19+ acres with ownership in a 14+ acre lake and city water near the building area.

Property SizeContact for details
Lot Size19.00 Acres
Days on Market40

Property Features for 1 S 500 W Trafalgar

General Information

Standard status Pending
Lot size 19.00 Acres
Property subtype Land
Zoning Agriculture

Additional Details

Utilities to Site Yes

Amenities

Irregular Lot,Not In Subdivision,Mature Trees
19
1
Yes
Asphalt
County Road
Listing Agency:
Listed By: Jody Reichart
Source: Movewithfirstintegrity
Added: Jun 30 Changed: Aug 8 Last Checked: Aug 8 at 8:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jody Reichart

Investment Insights

Based on property information with market context.

This offering is 19+- acres of waterfront land in Southern Johnson County that can support either a home build or ongoing outdoor recreation. The property sits on a 14+- acre lake, of which this lot owns 11+- acres. Two islands, each over half an acre, and several smaller islands are also part of the lake feature.

The building site is positioned just off of 500 W and is described as flat, with views of the lake. City water is available at the road near the building site, providing a practical utility option for a future home or improvements.

For buyers looking for a private lake setting, this parcel offers a substantial water feature and the ability to choose between building on the flat lakeside area or keeping the land focused on recreation. With the lake depth noted as 40+ feet near the dam and the inclusion of multiple islands, the property’s character is strongly tied to the lake itself, making it well suited for owner-users who prioritize waterfront living or outdoor use.

Key Highlights

  • 19± acres with an irregular lot and mature trees, not in a subdivision
  • Waterfront property with ownership in an approximately 14± acre lake (this lot owns 11± acres)
  • Lake is reported to be 40+ feet deep near the dam, with 2 islands over half an acre each plus smaller islands

Property Analytics

Current Use

Dairy Queen Grill ... Restaurant

Suggested Use

Top Pick Building Supply Auto Parts Store Dental Office Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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
Utilities to site

Location Intelligence

Trade Area within ½ mile

192
Businesses Nearby

Demographics for 46181, IN

5,280
Population
1,959
Households
2.7
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
45.5 sq mi
ZIP Area
116
Density / Sq Mi
$85,625
Median Household Income
$49,503
Median Earnings
$951
Median Rent
$278,600
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?
Waterfront Land - Build or recreate on 19+ acres with ownership in a 14+ acre lake and city water near the building area.
Where is this waterfront land located?
The property is located at 1 S 500 W Trafalgar Trafalgar, IN.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 19± acres with an irregular lot and mature trees, not in a subdivision; Waterfront property with ownership in an approximately 14± acre lake (this lot owns 11± acres); Lake is reported to be 40+ feet deep near the dam, with 2 islands over half an acre each plus smaller islands
More about this property
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