Listing Agency: Carpenter, REALTORS c***@callcarpenter.com Show Phone

Listed By: Carrie Parrish · License #RB23000757 Show Phone

Source: Exprealty

Added: Apr 17 Changed: Aug 31 Last Checked: Aug 30 at 8:14PM

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Investment Insights

Based on property information with market context.

This improved residential home site is heavily wooded and ready for construction. The property includes access to essential utilities, including city water, electricity, and natural gas, supporting the ability to carve out a building location among the trees.

The property is offered for sale as Lot B-21 W Morgan St in Spencer, Indiana (47460).

Key Highlights

• Improved, heavily wooded 4.44‑acre lot
• City water available
• Electricity and natural gas available on site

Property Analytics

Current Use

Residential land & home ...

Suggested Use

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

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

407

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - An improved, heavily wooded 4.44-acre lot with city water, electricity, and natural gas available on site.

Where is this residential land & home lot located?

The property is located at Lot B-21 W Morgan St Spencer, IN.

What is the asking price?

The asking price for this property is $39,900.

What are key features of this property?

This property features: Improved, heavily wooded 4.44‑acre lot; City water available; Electricity and natural gas available on site