Development Land with Highway
For Sale
$259,900
1650 E State Road 46, Spencer, IN 47460
LAND - Spencer, IN
Property SizeContact for details
Lot Size14.44 Acres
Days on Market281
Property Features for 1650 E State Road 46
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
No Subdivision
Elementary school
McCormick's Creek Elementary Sch
Middle school
Owen Valley Middle School
High school
Owen Valley Community High School
Elementary school district
Spencer-Owen Community Schools
Middle school district
Spencer-Owen Community Schools
High school district
Spencer-Owen Community Schools
Directions
GPS Friendly
Standard status
Active
APN
601022300070000027
Lot size
14.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
IN SW S22 T10 R3 14.19 A IN NW NW S27 T10 R3 .25 A
Legal Description
IN SW S22 T10 R3 14.19 A IN NW NW S27 T10 R3 .25 A
Utilities
Sewer type
Septic Tank
Listing Agency:
RE/MAX Select Associates, Inc. · RE/MAX International
(812) 828-5310
Listed By:
Christopher Wesley · License #RB14024437
(812) 828-5310
Added: Oct 28, 2025
Changed: Jun 16
Last Checked: Aug 4 at 2:06AM
MLS# 22070858
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 14.44-acre parcel is configured with a level, open front portion suitable for building, transitioning to wooded acreage toward the rear. The property is described as offering views of McCormick's Creek State Park and the White River. Two access points are available from State Highway 46, with additional access from River Road. Site utilities include two existing wells and two septic systems; however, the condition of these utilities is not guaranteed by the sellers.
The land is located in Spencer, Indiana, with approximately 1,200 feet of frontage along State Highway 46. The property’s setup is intended to support convenient ingress and egress, including the multiple highway access points noted above.
Given the Residential zoning, this tract may be best suited for residential development planning or recreational uses that align with the zoning framework. The mix of build-ready open land and quieter wooded areas can support projects that benefit from both access and natural privacy, while the on-site wells and septic systems provide existing infrastructure to evaluate during due diligence.
The land is located in Spencer, Indiana, with approximately 1,200 feet of frontage along State Highway 46. The property’s setup is intended to support convenient ingress and egress, including the multiple highway access points noted above.
Given the Residential zoning, this tract may be best suited for residential development planning or recreational uses that align with the zoning framework. The mix of build-ready open land and quieter wooded areas can support projects that benefit from both access and natural privacy, while the on-site wells and septic systems provide existing infrastructure to evaluate during due diligence.
Key Highlights
- 14.44‑acre property with approx. 1,200 ft of frontage along State Highway 46
- Includes two access points from State Highway 46 plus additional access from River Road
- Front portion has level, open acreage suitable for building; remainder is wooded
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Nearly 15 acres with 1,200 feet of State Highway 46 frontage, mixed open and wooded areas, and utility access via two wells and septic systems.
Where is this residential land & home lot located?
The property is located at 1650 E State Road 46 Spencer, IN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 14.44‑acre property with approx. 1,200 ft of frontage along State Highway 46; Includes two access points from State Highway 46 plus additional access from River Road; Front portion has level, open acreage suitable for building; remainder is wooded
