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OFF-MARKET
Specialty properties

5411 Us-52 Thorntown, IN 46071

3,800 SF 27.49 ac lot Built 2022
Property ID
Property summary
AI-generated overview

Ironwood Farms presents a unique investment opportunity in Boone County, Indiana. This exceptional 27.49-acre property, situated on US-52 in Thorntown, seamlessly blends a thriving U-Pick farm with a newly constructed (2022) 3,800 square foot event venue. The main building boasts a modern farmhouse aesthetic, ideal for weddings, family gatherings, and other events, accommodating up to 100 guests. Floor-to-ceiling windows offer stunning views of the on-site pond and wooded areas, complemented by multiple outdoor patios and a second-floor bridal suite with a private sitting area. The existing catering kitchen is designed for expansion into a full-service commercial kitchen. The property includes ample parking for 80-100 vehicles, ADA accessibility, and a commercial well and septic system. Beyond the main building, approximately 10 acres are dedicated to a U-Pick farm, currently cultivating over 30 varieties of fruits and vegetables. Additional features include designated campsite/fire pit areas perfect for "glamping" and fall events, and wildflower fields for U-Pick flowers. An apple and plum orchard is expected to bear fruit by 2025. The property is zoned for both agricultural and commercial use, offering significant potential for future development. The asking price is $1,690,000, representing a price per square foot of $444.74 and a land value of $67,297.20 per acre. This turnkey operation offers immediate income potential and long-term growth opportunities.

Property profile
Verified
Property type Specialty properties
Year built 2022
Total area 3,800 SF
Lot 27.49 ac (1,197,464 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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