Agricultural Land Tract with US 27
For Sale
$495,000
5 US 27, Richmond, IN 47374
LAND - Richmond, IN
Lot Size47.59 Acres
Days on Market254
Property Features for 5 US 27
General Information
Property type
Land
Property subtype
Other
Zoning
Agricultural
Lot features
Cleared
Elementary school
Charles Elementary
High school
Richmond High School
Elementary school district
Richmond Community
Middle school district
Richmond Community
High school district
Richmond Community
Subdivision
Wayne
Standard status
Active
APN
89-18-17-000-401.004-028
Lot size
47.59 Acres
Listing Agency:
Whites Realty
(765) 647-1922
Listed By:
Andrea White
(513) 260-3724
Added: Nov 21, 2025
Changed: Jun 8
Last Checked: Aug 2 at 2:06AM
MLS# 206440
Copyright © 2026 Southeastern Indiana Board of Realtors. 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.
Tract 5 is an agricultural-zoned land parcel offered for sale with 47.59 acres. The property is positioned for flexible use, including farming or future development concepts, subject to applicable approvals. Electric service is listed as available. Existing ingress and egress easements are intended to remain in place, supporting continued access planning.
The tract fronts US 27. Any new driveway locations along US 27 must be approved by INDOT, so curb cut and access design will require coordination prior to construction. Buyers should also inquire regarding water availability through Indiana American Water Company. For on-site wastewater needs associated with development, percolation testing and septic site approval will be required through the Wayne County Health Department.
This parcel is best suited for buyers who want acreage under an agricultural zoning framework and are prepared to navigate permitting steps for access, water, and septic approval. The property is also subject to the City of Richmond’s Department of Infrastructure & Development guidelines, so planned improvements should align with those requirements from the outset.
The tract fronts US 27. Any new driveway locations along US 27 must be approved by INDOT, so curb cut and access design will require coordination prior to construction. Buyers should also inquire regarding water availability through Indiana American Water Company. For on-site wastewater needs associated with development, percolation testing and septic site approval will be required through the Wayne County Health Department.
This parcel is best suited for buyers who want acreage under an agricultural zoning framework and are prepared to navigate permitting steps for access, water, and septic approval. The property is also subject to the City of Richmond’s Department of Infrastructure & Development guidelines, so planned improvements should align with those requirements from the outset.
Key Highlights
- 47.5‑acre tract for development, farming, or investment, with multiple tracts available to combine (Tract 5).
- Electric service is available on the property.
- Existing ingress and egress easements will remain in place.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 47374, IN
45,304
Population
21,553
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
119.8 sq mi
ZIP Area
378
Density / Sq Mi
$52,566
Median Household Income
$34,168
Median Earnings
$816
Median Rent
$121,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Large agricultural-zoned tract with utility availability and defined ingress/egress easements for development or farming plans.
Where is this agricultural land / farmland located?
The property is located at 5 US 27 Richmond, IN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 47.5‑acre tract for development, farming, or investment, with multiple tracts available to combine (Tract 5).; Electric service is available on the property.; Existing ingress and egress easements will remain in place.
