Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    60.93 Acres Tillable Cropland Title is generated by Realmo AI

    350 EAST North, Kendallville, IN 46755

    View on Map
    Claim this Listing
    For Sale
    $731,160

    Productive farmland opportunity with a high soil index.

    Type:Lots & Lands / Agricultural Land
    Property size:
    2,654,111 SF
    Lot size:
    60.93 Acres
    Price / SF:
    $0.28/SF
    Added:
    Jan 7, 2026
    Days on Market:
    147
    Last Refresh:
    Mar 13 at 4:20 pm

    Property Features for 350 EAST North

    General Information

    Standard status
    Active
    Size
    2,654,111 SF
    Lot size
    60.93 Acres
    Property subtype
    Lots & Lands / Agricultural Land

    We can help!

    Listing Contact
    Justin Nicodemus

    Listing agent Justin Nicodemus License #RB25000672

    Listing office Metzger Property Services, LLC

    Listing date Jan 7, 2026

    Source Compass

    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 Metzger Property Services, LLC

    HighLights

    • 60.93 acres of tillable cropland
    • High Productivity: Soil Index of 143.6
    • Immediate Farming Opportunity: Farm in 2026 or choose a tenant
    • Proven Yields: 186 Bushels per Acre (Corn in 2025)
    • Potential building site
    • Platted land

    Overview

    This property features 60.93 acres of tillable cropland with a Productive Soil Index of 143.6. The land presents a farming opportunity for a new owner to farm the 2026 season or choose their own tenant. The corn yield in the 2025 season was 186 bushels per acre. The property could also be a potential building site. It is located in Kendallville, IN.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.26235
    Latitude
    41.452103

    Nearby Similar for Sale

    • $174,900
      4,800 SF

      Historic Mixed-Use Building, Kendallville, IN

      Iconic 4,800 SF mixed-use building in historic downtown Kendallville.
      101 N Main Street, Kendallville, IN 46755
      View Details
    • $1.00

      Versatile Corner Commercial Building

      Single-story commercial/industrial property with flexible office and open work areas plus remodeled restrooms.
      702 Dowling St, Kendallville, IN 46755
      View Details
    • $1,050,000

      Agricultural Land - Kendallville, IN

      0000 Drake Road, Kendallville, IN 46755
      View Details
    • $406,000

      29 Acres in Kendallville, IN

      29 acres of land with mature woods and city utilities.
      0000 Drake Road, Kendallville, IN 46755
      View Details
    • $194,900
      6,000 SF

      Historic Downtown Mixed-Use Opportunity

      Over 6,000 sq ft in Kendallville's historic downtown.
      211/213 S Main Street, Kendallville, IN 46755
      View Details
    • $350,000

      Prime Outlot on State Road

      0.82 acre outlot with high visibility and traffic.
      510 Fairview Blvd., Kendallville, IN 46755
      View Details
    • $199,000
      6,663 SF

      Downtown Kendallville Commercial Property For Sale

      Prime commercial building in downtown Kendallville, ideal for retail.
      104 S Main Street, Kendallville, IN 46755
      View Details
    • $950,000

      Vacant Land on US-6

      1.29 acre vacant land with high visibility on US-6.
      US 6 W, Kendallville, IN
      View Details
    • $625,000
      2,640 SF

      Kendallville Commercial Property For Sale

      Former car lot with showroom, offices, and garage area.
      2505 E North St, Kendallville, IN 46755
      View Details
    • $210,000

      Kendallville House of Worship For Sale

      House of worship with seating, classrooms, kitchen, dining area.
      321 E Mitchell Street, Kendallville, IN 46755
      View Details
    • $1,900,000
      36,100 SF

      Kendallville Warehouse with Planned Roof

      Industrial warehouse in Kendallville, Indiana, with new roof planned.
      6886 N 400 E, Kendallville, IN
      View Details
    • $350,000

      Kendallville Recreational Land on Lake

      35 acres of recreational land with lake frontage near Kendallville.
      0000 Drake Rd I 0000 Drake Rd IN Road, Kendallville, IN 46755
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Productive farmland opportunity with a high soil index.
    Where is this agricultural land / farmland located?
    The property is located at 350 EAST North Kendallville, IN.
    What is the asking price?
    The asking price for this property is $731,160.
    What are key features of this property?
    This property features: 60.93 acres of tillable cropland; High Productivity: **Soil Index of 143.6**; Immediate Farming Opportunity: Farm in 2026 or choose a tenant
    (260) 982-0238
    We can help!
    Listing Contact
    Justin Nicodemus
    Real Estate License ID: RB25000672
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    350 EAST North, Kendallville, IN 46755
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!