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Corner-Lot Commercial Land with Utilities
For Sale
$225,000

470 W Morgan St, Spencer, IN 47460

Fully improved corner parcel with water, sewer, and electrical service on site.

Days on Market18

Property Features for 470 W Morgan St

General Information

Standard status Active
Property subtype Land
Listing Agency: HOME TEAM Properties
Listed By: Samantha Carver
Source: Exprealty
Added: Jul 15 Changed: Jul 30 Last Checked: Jul 31 at 8:35PM

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 HOME TEAM Properties

Investment Insights

Based on property information with market context.

This corner-lot commercial land parcel offers visibility at the intersection of Morgan St/State Rd 46 and Short St, making it well suited for commercial uses that benefit from strong exposure. The property is a 0.22-acre site and is fully improved with water, sewer, and electrical service already on site.

The parcel is currently operated as a food truck lot with four vendors. Each vendor has its own dedicated electrical hookup, supporting multiple operators at the same time.

With utilities in place and its high-visibility corner location, the site provides an established setup for food-and-beverage concepts and also supports a range of other service-based or retail possibilities that can take advantage of on-site power and intersection exposure.

Key Highlights

  • Corner‑lot visibility at the intersection of Morgan St/State Rd 46 and Short St
  • 0.22‑acre commercial land parcel
  • Fully improved with water, sewer, and electrical service on site

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Dental Office Grocery & Convenience Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

195
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Fully improved corner parcel with water, sewer, and electrical service on site.
Where is this commercial land located?
The property is located at 470 W Morgan St Spencer, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Corner‑lot visibility at the intersection of Morgan St/State Rd 46 and Short St; 0.22‑acre commercial land parcel; Fully improved with water, sewer, and electrical service on site
More about this property
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