Industrial Development
For Sale
$2,500,000
Pending
3205 N State Road 39, Lebanon, IN 46052
Two adjacent parcels totaling 50 acres offer a large-scale site for industrial development near a major Lilly facility.
Lot Size50.00 Acres
Days on Market225
Property Features for 3205 N State Road 39
General Information
Standard status
Pending
Lot size
50.00 Acres
Property subtype
Land
Listing Agency:
RCA Realty, Inc.
(317) 938-4927
Listed By:
Lisa Graham · License #RB17000996
(317) 938-4927
Source:
Exprealty
Added: Dec 19, 2025
Changed: Jul 10
Last Checked: Jul 31 at 6:50PM
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 RCA Realty, Inc.
Investment Insights
Based on property information with market context.
This offering consists of industrial development land totaling 50 acres, presented as two adjacent parcels: 44 acres and an additional 6-acre parcel. The property is being marketed as a larger development site suitable for buyers seeking acreage that can support an industrial plan.
The site is described as being less than one mile from the Lilly facility noted in the public remarks. That proximity may be relevant for tenants or developers looking to position near a large operating presence.
Because the asset is raw land, it is best suited for buyers and development teams that want flexibility in how the site will be laid out and improved. The inclusion of two contiguous parcels can also support phased planning or configuration choices, depending on how a project is structured. This is a for-sale development opportunity focused on acreage and adjacency across the two parcels included in the sale.
The site is described as being less than one mile from the Lilly facility noted in the public remarks. That proximity may be relevant for tenants or developers looking to position near a large operating presence.
Because the asset is raw land, it is best suited for buyers and development teams that want flexibility in how the site will be laid out and improved. The inclusion of two contiguous parcels can also support phased planning or configuration choices, depending on how a project is structured. This is a for-sale development opportunity focused on acreage and adjacency across the two parcels included in the sale.
Key Highlights
- 50‑acre development site consisting of two adjacent parcels: 44 acres plus a 6‑acre parcel
- Located less than one mile from the $3B Lilly facility
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 46052, IN
22,783
Population
9,935
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
177.6 sq mi
ZIP Area
128
Density / Sq Mi
$66,828
Median Household Income
$43,933
Median Earnings
$911
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial land - Two adjacent parcels totaling 50 acres offer a large-scale site for industrial development near a major Lilly facility.
Where is this industrial land located?
The property is located at 3205 N State Road 39 Lebanon, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 50‑acre development site consisting of two adjacent parcels: 44 acres plus a 6‑acre parcel; Located less than one mile from the $3B Lilly facility
