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Property profile & analytics
OFF-MARKET
Land

Homes Barns & Pond 46.61 +/- Acres Rural Est Elwood, IN 46036

46.61 ac lot
Property ID
Property summary
AI-generated overview

This expansive 46.61+/- acre property in Tipton County, Indiana, presents a unique blend of agricultural opportunity and comfortable living. Strategically located near Kokomo, between Indianapolis and South Bend, it boasts 30+/- acres of productive cropland, generating a 2.9% return on investment. Two income-producing homes provide multi-generational living potential or rental income streams. Three spacious barns offer ample storage and workspace for equipment or livestock. Additional features include a pond and a 5' perimeter fence. The property enjoys 2770 feet of paved road frontage, ensuring easy access and excellent visibility. This exceptional offering combines agricultural potential with convenient access to urban amenities, making it an ideal investment for those seeking a profitable and versatile rural property. The asking price is $950,000, and the property is zoned for agricultural and commercial use. This is a rare opportunity to acquire a well-maintained, income-generating property with significant long-term potential. The zip code is 46036.

Property profile
Verified
Property type Land
Lot 46.61 ac (2,030,332 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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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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