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Highway-Access Commercial Land
New
For Sale
$295,000

2 Lots Morgan Street, Spencer, IN 47460

LOTS AND LAND, Spencer, IN

Property SizeContact for details
Lot Size0.40 Acres
Days on Market7

Property Features for 2 Lots Morgan Street

General Information

Property type Land
Property subtype Other
Lot features Level, Undeveloped, City, Commercial
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 Corner of Short St and Morgan St.
Subdivision Owen County
Standard status Active
APN 60-10-20-400-400.296-028
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description GIBSONS LOT 21 BLK 4 GIBSONS LOT 22 BLK 4
Legal Description GIBSONS LOT 21 BLK 4 GIBSONS LOT 22 BLK 4
Listing Agency: RE/MAX Select Associates, Inc.
Listed By: Chris Wesley · License #RB14024437
Added: Sep 14 Last Checked: Sep 20 at 12:06AM
MLS# 202637905

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 commercial land parcel is positioned along Morgan Street with connections to SR 46, SR 67, and US Hwy 231. The site offers a highway-oriented setting for commercial development, with water, sewer, natural gas, and electric service available on or at the street.

The property is located in Spencer, Indiana, and the stated commercial applications include retail, office, service-based businesses, and other commercial uses. Its road network provides direct access to multiple designated routes serving the area.

Key Highlights

  • Commercial land along Morgan Street in Spencer, IN 47460
  • Access to SR 46, SR 67, and US Hwy 231
  • Water, sewer, natural gas, and electric available on or at the street

Property Analytics

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Current Use

Commercial land

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land with highway exposure and nearby access to water, sewer, natural gas, and electric service.
Where is this commercial land located?
The property is located at 2 Lots Morgan Street Spencer, IN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Commercial land along Morgan Street in Spencer, IN 47460; Access to SR 46, SR 67, and US Hwy 231; Water, sewer, natural gas, and electric available on or at the street
More about this property
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