Property summary
This exceptional 268-acre property in Hendricks County, Indiana, presents a unique investment opportunity. Located near Plainfield, though currently un-annexed, this agricultural-zoned land holds significant potential for future development. Its pivotal location is crucial for the planned extension of State Road 267, connecting State Road 67 in Morgan County. This extension necessitates the acquisition of this site, making it highly desirable for large-scale residential development. A 20-24 inch water main runs along the southern property line, providing readily available infrastructure. While sewer access is currently unavailable on-site, the property's strategic location makes it an attractive prospect for developers. The seller, a family trust, is seeking offers exceeding $43,000 per acre for the entire parcel, with a preference for a single closing. Extended due diligence periods will require substantial financial commitment. This property is ideally suited for a 1031 exchange investor who recognizes its importance to Plainfield's and Hendricks County's future growth and traffic management. The address is 8875 S County Road 825 E, Plainfield, IN 46168.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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