Vacant Agricultural Land with Road
For Sale
$2,900,000
Indiana Ave County Road 1, Elkhart, IN 46517
LAND - Elkhart, IN
Property SizeContact for details
Lot Size148.00 Acres
Days on Market1092
Property Features for Indiana Ave County Road 1
General Information
Property type
Land
Property subtype
Other
Lot features
Level, Undeveloped, Planned Unit Development, Tillable, 15+
Elementary school
Jimtown
Middle school
Jimtown
High school
Jimtown
Elementary school district
Baugo Community
Middle school district
Baugo Community
High school district
Baugo Community
Directions
Former Osceola Raceway, now converted to agriculture, Along Indiana Ave East of Ash Road
Subdivision
Elkhart County
Standard status
Active
APN
20-05-10-176-001.000-001
Lot size
148.00 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Property Address: Indiana Avenue, CR 1, Ash Road, Osceola, In 46561 Parcel Numbers 20-05-10-176-001.000-001 (72.723A assessor) 20-05-10-129-001.000-001 (6.5 acres measured 8.2 A assessor) 20-05-10-251-001.000-001 (41A assessor) 20-05-10-276-010.000-001 (28.223A assessor) 148 acres +/-
Tax Annual Amount
5000
Legal Description
Property Address: Indiana Avenue, CR 1, Ash Road, Osceola, In 46561 Parcel Numbers 20-05-10-176-001.000-001 (72.723A assessor) 20-05-10-129-001.000-001 (6.5 acres measured 8.2 A assessor) 20-05-10-251-001.000-001 (41A assessor) 20-05-10-276-010.000-001 (28.223A assessor) 148 acres +/-
Listing Agency:
Bartel & Company
(574) 825-2115
Listed By:
Brad Hooley · License #RB14018099
(574) 596-9890
Added: Aug 28, 2023
Changed: Jul 6
Last Checked: Aug 23 at 4:06AM
MLS# 202331029
Copyright © 2026 Elkhart County 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.
The offering consists of 148 acres of vacant land that has been converted back to agricultural use from the former Osceola Raceway. The site is described as having sandy, well-drained soil. A commercial shop building and a concession building to the west are also listed for sale separately.
The property has road frontage and access to Indiana Avenue, County Road 1, and Ash Road. The area includes much residential development, which may be relevant for planning site use and future development considerations. The current zoning is M2, and the listing remarks indicate that a down-zone to R or Ag may be a straightforward process, subject to verification.
This land may suit buyers looking for agricultural use or other redevelopment opportunities consistent with local zoning and approvals. Prospective buyers and brokers should review the zoning basis for the requested down-zone and confirm which agricultural or related uses are supported under M2 and any planned rezoning pathway. Given the presence of additional buildings sold separately, due diligence on the overall site configuration and separate parcel ownership should be part of the decision process.
The property has road frontage and access to Indiana Avenue, County Road 1, and Ash Road. The area includes much residential development, which may be relevant for planning site use and future development considerations. The current zoning is M2, and the listing remarks indicate that a down-zone to R or Ag may be a straightforward process, subject to verification.
This land may suit buyers looking for agricultural use or other redevelopment opportunities consistent with local zoning and approvals. Prospective buyers and brokers should review the zoning basis for the requested down-zone and confirm which agricultural or related uses are supported under M2 and any planned rezoning pathway. Given the presence of additional buildings sold separately, due diligence on the overall site configuration and separate parcel ownership should be part of the decision process.
Key Highlights
- 148 acres (more or less) vacant land; former Osceola Raceway converted back to agricultural use
- Sandy, well‑drained soil
- Road frontage and access to Indiana Avenue, CR 1, and Ash Road
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 46517, IN
24,006
Population
9,915
Households
2.4
Avg Household Size
36
Median Age
15%
College-Educated
81%
High-School Grad
36.9 sq mi
ZIP Area
651
Density / Sq Mi
$53,263
Median Household Income
$34,649
Median Earnings
$942
Median Rent
$168,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Vacant acreage with sandy, well-drained soil and multiple road access points in Elkhart County.
Where is this agricultural land / farmland located?
The property is located at Indiana Ave County Road 1 Elkhart, IN.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 148 acres (more or less) vacant land; former Osceola Raceway converted back to agricultural use; Sandy, well‑drained soil; Road frontage and access to Indiana Avenue, CR 1, and Ash Road
