Lakefront Farmland with
For Sale
$2,400,000
2140 South 500 East, Lagrange, IN 46761
Two parcels totaling 40 acres with 1,200 feet of lakefront and extensive road frontage, plus a 2-bedroom home.
Property Size1,120 SF
Lot Size40.00 Acres
Price / SF$2,142
Days on Market399
Property Features for 2140 South 500 East
General Information
Standard status
Active
Size
1,120 SF
Lot size
40.00 Acres
Property subtype
Farm/Ranch / Site-Built Home
Zoning
Agricultural
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,776
Amenities
Central Air
Yes
No
1
Forced Air
Poured Concrete
Full Basement, Unfinished, Walk-Out Basement
5
2
Vinyl
Metal
Building Details
Year Built
1983
Listing Agency:
Keller Williams Realty Group
(260) 508-9837
Listed By:
Marlynn Mast · License #RB22002775
(260) 508-9837
Source:
Compass
Added: Jul 8, 2025
Changed: Aug 8
Last Checked: Mar 25 at 7:28PM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This two-parcel property totals 40 acres and features approximately 1,200 feet of lakefront on Royer Lake, with rolling farmland and mature trees. The land is currently zoned Agricultural and under cultivation. Included is a 1,120-square-foot home with 2 bedrooms and 1 bathroom on a walkout basement that is already plumbed for a second bathroom.
The property includes over 3,000 feet of combined road frontage, with more than 2,000 feet on one side and 1,000 feet on the other. Royer Lake is described as a peaceful, non-ski lake known for fishing and a connection to Fish Lake.
The existing home and farmhouse setting provide a practical base for day-to-day use while planning future improvements, whether focused on recreation, farming activity, or long-term development on the waterfront acreage.
The property includes over 3,000 feet of combined road frontage, with more than 2,000 feet on one side and 1,000 feet on the other. Royer Lake is described as a peaceful, non-ski lake known for fishing and a connection to Fish Lake.
The existing home and farmhouse setting provide a practical base for day-to-day use while planning future improvements, whether focused on recreation, farming activity, or long-term development on the waterfront acreage.
Key Highlights
- Two parcels totaling 40 acres with 1,200 feet of lakefront on Royer Lake and over 3,000 feet of combined road frontage
- 2‑bedroom, 1‑bath home with a full, unfinished walk‑out basement on a poured concrete foundation
- Walk‑out basement is already plumbed for a second bathroom
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 46761, IN
12,902
Population
4,466
Households
2.9
Avg Household Size
32
Median Age
10%
College-Educated
66%
High-School Grad
123.1 sq mi
ZIP Area
105
Density / Sq Mi
$72,088
Median Household Income
$41,682
Median Earnings
$766
Median Rent
$205,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Two parcels totaling 40 acres with 1,200 feet of lakefront and extensive road frontage, plus a 2-bedroom home.
Where is this agricultural land / farmland located?
The property is located at 2140 South 500 East Lagrange, IN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two parcels totaling 40 acres with 1,200 feet of lakefront on Royer Lake and over 3,000 feet of combined road frontage; 2‑bedroom, 1‑bath home with a full, unfinished walk‑out basement on a poured concrete foundation; Walk‑out basement is already plumbed for a second bathroom
