Listing Agency: eXp Realty, LLC

Listed By: LockStep Realty Show Phone

Source: Locksteprealty

Added: Aug 25 Changed: Oct 28 Last Checked: Nov 1 at 1:26AM

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Investment Insights

Based on property information with market context.

This 57.87-acre agricultural property is currently planted in corn, with harvest expected in late September or October. Drainage tile is already installed and may be expanded; the tract also includes approximately 3 acres of woods at its rear. Trees line three sides of the property.

The land has more than 700 feet of frontage on Michigan Road and Interstate 74. It is located 2 miles northwest of the Indianapolis/Shelbyville Horseshoe Casino Racetrack and is currently zoned Agricultural.

Key Highlights

• 57.87 acres, currently planted in corn for harvest in late September or October
• More than 700 feet of frontage on Michigan Road and Interstate 74
• Currently zoned Agricultural

Property Analytics

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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

8

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Demographics for 46126, IN

4,613

Population

1,848

Households

2.5

Avg Household Size

43

Median Age

20%

College-Educated

89%

High-School Grad

32.6 sq mi

ZIP Area

142

Density / Sq Mi

$73,730

Median Household Income

$49,462

Median Earnings

$908

Median Rent

$232,900

Median Home Value

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Frequently Asked Questions

What type of property is this?

Agricultural land / Farmland - Agricultural zoning and existing drainage tile characterize this sizable tract, with corn currently planted for harvest.

Where is this agricultural land / farmland located?

The property is located at 5682 N Michigan Road Fairland, IN.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 57.87 acres, currently planted in corn for harvest in late September or October; More than 700 feet of frontage on Michigan Road and Interstate 74; Currently zoned Agricultural