0 85+/- Acre Apple Orch Est Springport, IN 47386
This exceptional 85+/- acre property in Henry County, Indiana, presents a unique blend of agricultural and commercial opportunities. The estate boasts approximately 18.4 acres of established Honeycrisp apple orchard, generating immediate income. An additional 28+/- acres of fertile cropland provides further revenue streams, with potential for expansion. Significant structural assets include two substantial 70' x 170' warehouses, a 47' x 80' pole barn, and a well-equipped farm shop, all supported by 3-phase wiring. A comfortable residential home is situated on the property, ideal for an owner-operator or on-site manager. Two wells ensure ample water resources. The property benefits from considerable road frontage, offering excellent accessibility and potential for commercial development. Strategically located between Muncie and New Castle, this property offers easy access to major transportation routes. The combination of existing income-generating assets, substantial acreage, and prime location makes this a compelling investment opportunity with significant potential for growth and diversification. APN: 33-03-27-000-402.001-021, 33-03-34-000-201.000-021. Asking price: $1,450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Costs & Benchmarks
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Risks
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